Requirements for a Deep Funding Contribution Token

Compnay Name

Photrek and NFT Guild

Service Details

Photrek and NFT Guild propose to develop the requirements for a DeepFunding Token within both the Deep Funding ecosystem and the broader SingularityNET network. This is central to creating a more multifaceted, transparent, and decentralized governance system for Deep Funding. By moving beyond the limitations of only utilizing AGIX and emphasizing the comprehensive representation of social incentives such as user engagement and participation, the proposal is another step in fostering a more dynamic and inclusive community-driven ecosystem within Deep Funding and SingularityNET.

Problem Description

In today's governance system of Deep Funding, AGIX is the only token that is being utilized. While it serves as a critical part of the deep funding process, AGIX alone cannot capture everything that's required to build a fully decentralized governance process. This limitation poses a challenge in creating a dynamic and multifaceted system. Furthermore, there's a pressing need to distinguish between financial value, represented by AGIX holdings, and social value, which encompasses community engagement, participation, and contributions. Such a distinction is paramount for a holistic and balanced governance structure.

The Deep Fund voting system uses a unique configuration that considers a user's engagement score with the square root of their AGIX balance. Photrek has built a proof of concept and is proposing to build a minimum viable product to automate the process of computing engagement scores.. However, an existing challenge remains: transparently reflecting and representing these calculated outputs on-chain. This limitation restricts the opportunities that such an application could provide for both deep funding and the broader SNET and Cardano ecosystem.

This initiative is a follow up to the submitted DeepFunding token proposal in the previous Governance Round.

Solution Description

Photrek and NFT Guild propose to research the requirements for a Deep Fund New Project that will examine the options and opportunities for storing DeepFunding engagement metrics on-chain. The output of the project will be a high-quality proposal with supporting research documents.

Deep Funding has acknowledged the importance of community voice. To this end, social incentives such as engagement and participation are being utilized to amplify the community's say by capturing and incorporating various factors into their voting weight with various efforts underway to automate these processes.

Yet, the current system lacks a mechanism to properly reflect this complex data. The proposed solution is a DeepFunding Token, designed to reflect these configured scores on-chain, serving and introducing various utilities within Deep Funding and eventually across the entire SingularityNET ecosystem. This token symbolizes a more comprehensive solution that caters to the multifaceted needs of decentralized governance.We will use the Cardano Blockchain and use a Cardano native asset as DeepFunding Token.

Introducing Phase One - Ideation and Design: This proposal represents the first phase, focused on ideation and design. Collaboration with experts and community members is essential. Two workshops will be held to gather insights, questions and feedback, which will culminate in a detailed recommendation document. This document will form the basis for a New Project proposal for deep funding Round 4, covering how to create the DF token and what will be needed for the project's continuation.

The final document, encompassing all inputs, will be presented as a recommendation to the SingularityNET Foundation and the DeepFunding Team. The Principal Investigator, Juana Attieh, Photrek Project Manager, will guide the entirety of the project, ensuring alignment and continuation with the broader goals. Furthermore, this initiative aims to establish a first initial resource pool which provides all needed knowledge and skill set to guide the DeepFunding token design process beyond the time frame of this proposal. The collaborating groups, including Photrek and the NFT Guild will develop hands-on experience and expertise to maintain further developments.

The workshops will focus on a range of critical topics such as utility, future possibilities, legalities, resources, and building requirements. These sessions will enable stakeholders and community members to dive deep into the complexities and nuances of the proposal, laying a strong foundation for successful implementation.

We plan to host two open community workshops and the team will follow-up with expert discussions.. 

Open Community Workshops

These Workshops will be public and open community events, inviting everyone interested in joining the events and to participate in specific topics and themes around the DF Token Ideation. Main objective of these workshops is to generate community driven innovation and perspectives, ensuring that voices are heard and included in further steps. Each Workshop will take place in a time frame of 1hr, starting with a short introduction and context, then following up with open discussions with participants.

Team & Expert Discussions

In these discussions, the team will meet and invite specific experts and thought-leaders in tokenomics and blockchain technology, ensuring that beforehand gathered community perspectives are well reflected and included in a feasible and effective manner.

All workshops will be held on Zoom and will be recorded. Recordings will be made public to the Community, ensuring a maximum of transparency of the DF Token Ideation. Each Workshop will focus on a specific topic around the DF Token, making sure that the Workshops stay focused and in scope.

Milestone & Budget

One Milestone: Project Management & Workshop Execution

• Duration: 2 months

• Total Budget: 5000 USD in AGIX

Sub-tasks within single Milestone:

• Kick-off & Setup:

  • Conduct initial team and community meetings.

  • Setup project management tools and procedures.

  • Deliverable: Fully operational Project Team and Management.

  • Budget: 1000 USD in AGIX

• Community Workshops:

  • Organize and conduct 2 open community workshops.

  • Deliverable: 2 completed Community Workshops.

  • Budget: 2000 USD in AGIX

• Team & Expert Discussions:

  • Organize and conduct up to 2 team meetings with experts.

  • Deliverable: meeting notes.

  • Budget: 1000 USD in AGIX

• Report and Proposal:

  • Prepare a proposal for a DF Token based on insights from the workshops.

  • Deliverable: Completed and presented DFR4 - DF Token RFP recommendation.

  • Budget: 1000 USD in AGIX

Throughout the 2 months, the principles of Sociocracy will be upheld during team and community meetings. These principles include equitable round discussions and consent-based decision-making. The budgeting for each sub-task will ensure the appropriate allocation of funds and resources to achieve the intended outcomes.

Marketing & Competition

We plan to use already existing community hubs and social media accounts, such as the DeepFunding Discord & Telegram and Town Halls furthermore we will ask the SingularityNET Ambassador Program to support the outreach and awareness of the DeepFunding ideation initiative.

Related Links

Long Description

Company Name

Photrek and NFT Guild

Summary

Photrek and NFT Guild propose to develop the requirements for a DeepFunding Token within both the Deep Funding ecosystem and the broader SingularityNET network. This is central to creating a more multifaceted, transparent, and decentralized governance system for Deep Funding. By moving beyond the limitations of only utilizing AGIX and emphasizing the comprehensive representation of social incentives such as user engagement and participation, the proposal is another step in fostering a more dynamic and inclusive community-driven ecosystem within Deep Funding and SingularityNET.

Funding Amount

5000

The Problem to be Solved

In today's governance system of Deep Funding, AGIX is the only token that is being utilized. While it serves as a critical part of the deep funding process, AGIX alone cannot capture everything that's required to build a fully decentralized governance process. This limitation poses a challenge in creating a dynamic and multifaceted system. Furthermore, there's a pressing need to distinguish between financial value, represented by AGIX holdings, and social value, which encompasses community engagement, participation, and contributions. Such a distinction is paramount for a holistic and balanced governance structure.

The Deep Fund voting system uses a unique configuration that considers a user's engagement score with the square root of their AGIX balance. Photrek has built a proof of concept and is proposing to build a minimum viable product to automate the process of computing engagement scores.. However, an existing challenge remains: transparently reflecting and representing these calculated outputs on-chain. This limitation restricts the opportunities that such an application could provide for both deep funding and the broader SNET and Cardano ecosystem.

This initiative is a follow up to the submitted DeepFunding token proposal in the previous Governance Round.

Our Solution

Photrek and NFT Guild propose to research the requirements for a Deep Fund New Project that will examine the options and opportunities for storing DeepFunding engagement metrics on-chain. The output of the project will be a high-quality proposal with supporting research documents.

Deep Funding has acknowledged the importance of community voice. To this end, social incentives such as engagement and participation are being utilized to amplify the community's say by capturing and incorporating various factors into their voting weight with various efforts underway to automate these processes.

Yet, the current system lacks a mechanism to properly reflect this complex data. The proposed solution is a DeepFunding Token, designed to reflect these configured scores on-chain, serving and introducing various utilities within Deep Funding and eventually across the entire SingularityNET ecosystem. This token symbolizes a more comprehensive solution that caters to the multifaceted needs of decentralized governance.We will use the Cardano Blockchain and use a Cardano native asset as DeepFunding Token.

Introducing Phase One - Ideation and Design: This proposal represents the first phase, focused on ideation and design. Collaboration with experts and community members is essential. Two workshops will be held to gather insights, questions and feedback, which will culminate in a detailed recommendation document. This document will form the basis for a New Project proposal for deep funding Round 4, covering how to create the DF token and what will be needed for the project's continuation.

The final document, encompassing all inputs, will be presented as a recommendation to the SingularityNET Foundation and the DeepFunding Team. The Principal Investigator, Juana Attieh, Photrek Project Manager, will guide the entirety of the project, ensuring alignment and continuation with the broader goals. Furthermore, this initiative aims to establish a first initial resource pool which provides all needed knowledge and skill set to guide the DeepFunding token design process beyond the time frame of this proposal. The collaborating groups, including Photrek and the NFT Guild will develop hands-on experience and expertise to maintain further developments.

The workshops will focus on a range of critical topics such as utility, future possibilities, legalities, resources, and building requirements. These sessions will enable stakeholders and community members to dive deep into the complexities and nuances of the proposal, laying a strong foundation for successful implementation.

We plan to host two open community workshops and the team will follow-up with expert discussions.. 

Open Community Workshops

These Workshops will be public and open community events, inviting everyone interested in joining the events and to participate in specific topics and themes around the DF Token Ideation. Main objective of these workshops is to generate community driven innovation and perspectives, ensuring that voices are heard and included in further steps. Each Workshop will take place in a time frame of 1hr, starting with a short introduction and context, then following up with open discussions with participants.

Team & Expert Discussions

In these discussions, the team will meet and invite specific experts and thought-leaders in tokenomics and blockchain technology, ensuring that beforehand gathered community perspectives are well reflected and included in a feasible and effective manner.

All workshops will be held on Zoom and will be recorded. Recordings will be made public to the Community, ensuring a maximum of transparency of the DF Token Ideation. Each Workshop will focus on a specific topic around the DF Token, making sure that the Workshops stay focused and in scope.

Marketing Strategy

We plan to use already existing community hubs and social media accounts, such as the DeepFunding Discord & Telegram and Town Halls furthermore we will ask the SingularityNET Ambassador Program to support the outreach and awareness of the DeepFunding ideation initiative.

Our Project Milestones and Cost Breakdown

One Milestone: Project Management & Workshop Execution

• Duration: 2 months

• Total Budget: 5000 USD in AGIX

Sub-tasks within single Milestone:

• Kick-off & Setup:

  • Conduct initial team and community meetings.

  • Setup project management tools and procedures.

  • Deliverable: Fully operational Project Team and Management.

  • Budget: 1000 USD in AGIX

• Community Workshops:

  • Organize and conduct 2 open community workshops.

  • Deliverable: 2 completed Community Workshops.

  • Budget: 2000 USD in AGIX

• Team & Expert Discussions:

  • Organize and conduct up to 2 team meetings with experts.

  • Deliverable: meeting notes.

  • Budget: 1000 USD in AGIX

• Report and Proposal:

  • Prepare a proposal for a DF Token based on insights from the workshops.

  • Deliverable: Completed and presented DFR4 - DF Token RFP recommendation.

  • Budget: 1000 USD in AGIX

Throughout the 2 months, the principles of Sociocracy will be upheld during team and community meetings. These principles include equitable round discussions and consent-based decision-making. The budgeting for each sub-task will ensure the appropriate allocation of funds and resources to achieve the intended outcomes.

Our Team

This Proposal is a collaboration between the NFT Guild and Photrek in which the collaborating groups provide all needed skills and experience to successfully implement the Proposal. Juana Attieh, a working partner with Photrek, will serve as the Principal Investigator for the project. Kenric Nelson, Founder and President of Photrek, will ensure that the project goals are achieved and aligned with complementary projects. The NFT Guild, including Felix Weber and the NewMindFlow team, will provide coordination and technical support in defining the trade-offs of a DeepFunding token.

This initiative seeks to encourage and facilitate coordination amongst groups working on similar initiatives, decreasing silo-based efforts, redundancy, and wasted resources. The team aims to collaborate closely with the SingularityNET Foundation and its evolution towards the SCDAO, ensuring maximal alignment and cohesion between built solutions and community efforts to the larger Vision of the SingularityNET Ecosystem.

Jauna Attieh, Principal Investigator

Program Manager, Photrek

Co-founder and CPO at FLUUS, an instant settlement solution for MENA. 

Co-founded the Cardano MENA community.

Cofounded LALKUL, a mission-driven Cardano Stake pool dedicated to bringing blockchain to the MENA region.

Passionate about decentralized societies, believes in the power of community-led infrastructures, governance, and culture.

Develops projects in decentralized communities.

Kenric Nelson, Mentor for PI & Governance Design

President, Photrek

Innovative leader in the research, development, and deployment of systems for complex decision making. Proven record of creative research, team building, and customer focused development. Work spans cyber security algorithms, multisensor systems, machine intelligence algorithms, and decentralized governance models. Served on Cardano Catalyst Circle, a problem sensing team guiding the development of one of the world's largest DAOs. Co-inventor of the Coupled Variational Autoencoder, designed to  improve the learning of robust, accurate models.

Felix Weber, Team Coordination & Workshop management

NFT Guild

Felix Weber is a Blockchain & Cypherpunk, focusing on Blockchain grass roots Governance and Infrastructure. Strategic Consultant and Networker. Co Founder of the SWARM and Bridge Builders International, initiator of multiple DLT grassroot community Projects and Ambassador at the Cardano Foundation, SingularityNET Ambassador and Cardano Stake Pool Operator.

NewMindflow, Expert Advisor

NFT Guild

Catalyst projects, initiatives & communities over the past 2 and a half years.

Award-winning filmmakers, film and animation directors, app and game developers. In January 2021 they moved into the web3 economy granting new life to one of their projects in the form of an NFT collection on Cardano.

Since then they have released multiple art NFT collections on Cardano, and have been involved in multiple NFT and Cardano related groups and organizations, most notably being core members of the NFT Guild.

Related Links