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Submit ASAC Run Quadratic Funding round #138

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# Mintbase Grant Proposal

* Project Name: Quadratic Funding Round for Open Source NFT Public Goods
* Team Name: ASAC (Anti Social Ape Club)
* Payment Address: _pot.potlock.near (will deploy pot and have that address be funding)
* Level: 2


## Project Overview 📄


### High level overview
* Creating a quadratic funding round on PotLock for $20,000 USD (in NEAR) to be facilitated by the Antisocial Ape Club for Open Source NFT projects on NEAR occurring in March
* **<span style="text-decoration:underline;">All funds will go directly to the matching round for projects</span>**, and ASAC will be facilitating this at no cost to support the NFT ecosystem and have alignment with NEAR


### Objectives



* Create new funding mechanisms for NFT outside of bottom down proposal approach, rather than top down funding by council
* Experiment with Mintbase grants and bring publicity to potential projects and future rounds
* Serve as a pipeline to bootstrapping projects into Tier 1, funding in the grants program
* Shift culture for NFT based projects to build more open source tooling rather than closed sourced projects
* Drive external capital outside of NEAR Foundation & NDC to NFT community
* Setup project profiles for open source NFT projects and use as a place to community to get updates, put attestations, and track funding
* Create engage for on-chain activity through direct donations, matched amounts
* Gauge how much support each NFT community has and use as reputation in future funding rounds
* Enroll projects to get year round donations for plural funding sources
* Get other plays to contribute to matching round as traction increases


### Why



* Currently there is no way to support open source NFT projects directly.
* Often those who do not get accepted for grants die and ideas are buried.
* Only top down approaches to funding from NEAR Foundation.


### Overview


### Project Details


### Ecosystem Fit

NEAR is supporting many open source projects, however it is a relatively nascent ecosystem, we don't know what builders want and how they will support. By encouraging projects to support open source innovation especially in the NFT space, not only will we be encouraging the developer community to build, but for builders to market what they are building. PotLock is the first public goods funding platform on NEAR.

Encourage other NFT communities in the space. One of our main OKRs as ASAC is to assist projects get funding, build open source, and bring projects from other ecosystems into NEAR. We believe in quadratic funding (with platforms like Gitcoin generating $50 million and onboarding thousands of projects) It is important to note that this is ASAC applying to facilitate a quadratic funding round without taking a cut, and not to support PotLock development.


# KPIs



* 10 NFT Open source projects onboarded
* 50 posts on social.near from donations
* 100,000 + social media impressions
* $7,000 raised in external donations (35% of matched amount)
* 100+ unique donations form round
* 100+ unique humans verified through nada.bot

Why PotLock



* Only way in NEAR Ecosystem to express funding support
* Other people can also dynamically contribute to funding round in a permissionless way
* Once projects sign up they can continue to receive funding
* Onboards projects to NEAR Social and NEAR Horizon
* Can track projects in the ecosystem
* Marketing support by engaging donors


## Team[ 👥](https://github.com/codingshot/Mintbase-Genadrop-Grants-Program/blob/main/applications/application-template.md#team-busts_in_silhouette)


### Team[ ](https://github.com/codingshot/Mintbase-Genadrop-Grants-Program/blob/main/applications/application-template.md#team-members)members

Team Leader: Illuminfti

Team Members - ASAC



* Illuminfti: Round Facilitator
* Nichemoney: Round Assessor
* Atrox:Round Assessor
* Yuen:Round Assessor
* Cryptoasian: Round Assessor

Potlock Supporting Team



* Emmanual and Ubong: Potlock Designers
* Isaac: PotLock Socials
* Plug: PotLock Product Lead
* Lachlan Glen: PotLock Engineer
* Wenderson: PotLock Front End Dev (working on nada.bot sybil resistance)


### Contact



* Contact Name: Illumnifti
* Contact Email: Will DM
* Website: [https://asac.gg](https://asac.gg)


### Legal Structure



* Registered Address: Will DM


### Team's experience

Team is full of NFT OGs in the NEAR Space and contributors to the PotLock protocol

Anti Social Ape Club



* Illuminfti - Team Lead
* NicheMoney - Tokenomics expert
* Atrox - Legal
* Yuen - Operation and Governance
* Cryptoasian - Solana ecosystem liaison

POTLOCK TEAM (who built software)

Important to note that the ASAC team is applying to facilitate and promote this round, but is seperate that Potlock team who built the software.

Lachlan Glen



* Developer Behind PotLock
* Former Senior SWE at Satori and Few n Far

Plug at PotLock



* PM behind this PotLock. Point of contact for running grant on Platform
* NFT WG Member and NFT Builder Group organizer

Wenderson Pendas



* Former Front End Engineer at Satori/ NEAR Tasks
* Front End Engineer at PotLock
* Built first React Social Bridge on BOS


### Team Code Repos

Organizations



* Organizational Repo [https://github.com/potlock](https://github.com/potlock) BOS app at[ bos.potlock.org ](bos.potlock.org)

Repos



* Contracts [potock.org/core ](https://potock.org/core)
* BOS App [potlock.org/bos-app ](https://potlock.org/bos-app)

Team members



* Shot (PM) [https://github.com/codingshot](https://github.com/codingshot)
* Lachlan Glen Senior Software Engineer [https://github.com/lachlanglen](https://github.com/lachlanglen)
* Wenderson Pires [https://github.com/wpdas/](https://github.com/wpdas/)


## Development Status 📖

PotLock for direct donations and project registry is live with over 60 projects and 300 donations and $2000 in direct donations. PotLock is currently promoted by key figures in the space like Illia and the NDC with NEAR Foundation looking to experiment with quadratic funding for grants process. .

Quadratic funding rounds for people is going through its second audit by Ottersec (to be announced shortly), and had its first audit by [Guvenkaya](potlock.org/guvenkaya). [Nada.bot ](staging.nada.bot)as a sybil tool is also benign released next week currently with 5 sybil providers on the way


## Development Roadmap 🔩

The development roadmap can be found at potlock.org/backlog as the quadratic funding contracts are done, front ends are being built and other experts in the space are reviewing and Ottersec is being engaged for security audits.


### Overview

Important to note all funds will be use to facilitate the round and redistributed to project, except on chain fee for chef for bringing in additional donations and sponsors.



* Total Estimated April: 2 months (marketing and fund distribution)
* Timeline March - March
* Full-Time Equivalent (FTE):
* 1 Market
* 1 Pot Manager
* 2 Full Time Devs (not included in this budget)
* Total Costs: $20,000; all costs will be distributed to open source projects
* All payments go to quadratic funding round


### Milestone 1 — Announce & Facilitate Open Source NFT Quadratic Round

This will be a 1 milestone grant to failate the onboarding and marketing of NFT projects.



* Estimated duration: 4 weeks
* FTE: 4
* Costs: 20,000 USD

Pay from mintbase wallet for automatic sponsorship listing in the PotLock hyperboard component. For a better understanding of Pot lifecycles go to potlock.org/pot-lifecycle.


<table>
<tr>
<td><strong>Number</strong>
</td>
<td><strong>Deliverable</strong>
</td>
<td><strong>Specification</strong>
</td>
<td><strong>Timeline</strong>
</td>
</tr>
<tr>
<td>1.1
</td>
<td>Pre-round setup
</td>
<td>Setup committed amount. Deploy funding amount + pot. Setup sponsors with matching rounds. Reach out to sponsors for dynamic sponsorship. Start preparing marketing materials and copy with the ecosystem. Raise awareness and add to the registry.
</td>
<td>Feburary
</td>
</tr>
<tr>
<td>1.1.
</td>
<td>Announce Rounds
</td>
<td>Officially announce rounds across NEARNFTWG twitter, PotLock <a href="x.com/potlock_">twitter</a>, <a href="potlock.org/linkedin">linkedin</a>, facebook. Organize a twitter space. Start vetting in bound applications.
</td>
<td>Monday March 11 - Sunday March 17th
</td>
</tr>
<tr>
<td>1.2
</td>
<td>Applications
</td>
<td>Onboard at least 10 NFT open source projects that have been built on NEAR or planning to build to PotLock project registry. Encourage existing NFT ecosystem projects. Push to apply for a round. ONboarding as humans
</td>
<td>Monday March 18 - Sunday March 24th
</td>
</tr>
<tr>
<td>1.4
</td>
<td>Live Round Open & Active Marketing
</td>
<td>Twitter Space. Marketing with Potlock and NEAR IMpact ecosystem. AIm for getting $5,000 for potential funding. Matched donations begin. Campaign for participants to share funding Target 100,000 total impressions on social media across all posts. 100 individual unique donations, with 50 + shares.
</td>
<td>Monday March 25th - Sunday April 7th
</td>
</tr>
<tr>
<td>1.5
</td>
<td>Round Retroactive and Payouts
</td>
<td>Follow up on projects and cover. Initiate matched amount of payouts. Have cool down period
</td>
<td>April 7th 21 - 28th
</td>
</tr>
<tr>
<td>1.6
</td>
<td>Progress Updates
</td>
<td>Follow up with projects to see progress. Pipeline into NFT Builder ecosystem. Have projects report impact and attestations. Mini review video / informal pitch day.
</td>
<td>May 1 -14th
</td>
</tr>
</table>



## **Future Plans**



* Track progress with projects
* Integrate within the ecosystem
* Support through ASAC and NFT Builder, and NFT WG group
* Have Mintbase run grant rounds directly


## Additional Information

To this date



* have direct donations live with onchain referrals
* Quadratic funding contracts are done
* 80+ projects registered
* 500 Unique donors, with YEAR OF CHEF 400+ holders (who donated)
* $6000 in direct donations
* Team of Ops Lead, Architect/PM Researchers, Full Stack Dev, and Designers
* Data Team & Collab with Flipside
* 500+ followers on NEAR Impact and Potlock 1000+ on twitter, 500+ YEAR of chef (Check [ecosystem.potlock.org ](ecosystem.potlock.org)
* Ecosystem alignment to support public good donors. Example [memesforgood.lol](memesforgood.lol) (soon)


# Resources



* Create a project today at [potlock.org/app ](https://potlock.org/app)
* More about Potlock [docs.potlock.io ](https://docs.potlock.io)


# Payout Wallet



* Nft.pot.potlock.near (when deployed) —- please contact team before — need to deploy pot - subject to change