# 31st March, 2021, NFT-DAO General Meeting

{% embed url="<https://www.youtube.com/watch?v=O06zjbC55HM>" %}

Note: timestamps are external links

### Introduction / Agenda - [0.02](https://youtu.be/O06zjbC55HM?t=2) - Rich Kopcho

> Contributions, Overview from Team Leaders, New People to Introduce

#### Introducing Jonathan Looney - [0.31](https://youtu.be/O06zjbC55HM?t=31) - Tyler Wales

Jonathan has background in product management and design

Excited to have him onboard to help drive the MVP Auction

#### Jonathan Looney - [0.57](https://youtu.be/O06zjbC55HM?t=57)

From Dusty Lubbock, Texas. Always Dusty sometimes Sunny. Sometimes Texas.

> Worked in product design space for 10 years. Most experience in Higher Education doing marketing growth and front-end development.
>
> Developed financial services with Fintechs and regional banking.
>
> Overlap in NFTs between Finance and Education

#### Introducing Bruno - [2.44](https://youtu.be/O06zjbC55HM?t=164) - Rich Kopcho

> Bruno from France is a finance expert with a background in blockchain. Bruno will address what financial models need to look like as we move towards governance, how existing DAOs have rolled out their finances and consider the regulatory environment.

### Governance Token - [3.35](https://youtu.be/O06zjbC55HM?t=215) - Rich Kopcho

> How do we reward ourselves now with something that has some future viability ?

**Contribution Token -** [**4.16**](https://youtu.be/O06zjbC55HM?t=256) **- Michael @Yagi, Tyler Wales**

> Naming the token - TIES (e.g. railroad ties from Boxcar analogy). Tying the group together.

**Contribution Token Overview -** [**4.45**](https://youtu.be/O06zjbC55HM?t=285) **- Rich Kopcho**

> Like some feedback on contribution tokens
>
> Something that will imbue value over time.
>
> Akin to the badcryptopodcast guys method of reward
>
> Reference

{% embed url="<https://badcryptopodcast.com/>" %}

> Tie token to NFTs

**Discussion -** [**6.33**](https://youtu.be/O06zjbC55HM?t=393) **- Tyler Wales, Rich Kopcho**

> How do you reward someone for their potential to produce artwork ?

**Mentoring -** [**6.46**](https://youtu.be/O06zjbC55HM?t=405) **- Stephen Rowan**

> A reward for mentoring people - a mentor or TIE token.
>
> People are incentivized to help other people.

**Mentor of the Year Plaque -** [**7.39**](https://youtu.be/O06zjbC55HM?t=459) **- Rich Kopcho**

> Some evidence of contribution is always worthwhile

### Auction MVP - [8.29](https://youtu.be/O06zjbC55HM?t=509) - Rich Kopcho

> Auction HOLON group planning to meet for the first time on Thursday 1st April 2021

#### Development - [9.20](https://youtu.be/O06zjbC55HM?t=560) - Michael @Yagi

> First kick-off meeting. First week starting development.
>
> 6 core developers. Front, Back end and an Architect.
>
> Team broke out into sections and did spikes (deep-dives into problems) on frameworks and technologies that we will be used.

### Marketing - [10.12](https://youtu.be/O06zjbC55HM?t=612) - Tyler Wales

> Art Marketplace Minimum Viable Product (MVP) naming experiment / process
>
> Put out survey to Discord community to vote on names
>
> We need to refine voting/decision making processes within the DAO
>
> *Akkadia.io* was a popular choice in the top percentage of marketing choice names as well as the community survey and we own the url.

#### Auction - [11.40](https://youtu.be/O06zjbC55HM?t=700) - Tyler Wales

> New Mindflow has produced a master document in a samepage folder that brings all HOLON contributions together in one place.
>
> Development, Marketing , Governance, Business - how are we going to structure the sale.
>
> What the revenue split will be between the artists.
>
> Goal is to remove silos, collaborate more effectively between the different core teams and have a central document for the six week lead-in to MVP launch.
>
> People contributing include Jan, Dan, Anna Maria, New Mindflow, Phil (helping with outreach), Andrew (Mary Artwork), Hud (Research, Governance), Sev (research, competitive analysis) and now Jonathan to help drive progress.
>
> Additional artists interested - [13.27](https://youtu.be/O06zjbC55HM?t=807) - Jonathan
>
> Application forms (link to airtable) produced for artists to apply to be included in the MVP - [13.45](https://youtu.be/O06zjbC55HM?t=825) - Tyler Wales
>
> Data being collated not only on potential artists but also investors interested in bidding.
>
> Data Ownership concerns - [14.21](https://youtu.be/O06zjbC55HM?t=861) - Dan Verowski, Tyler Wales

#### New NFT-DAO Video coming out - [15.18](https://youtu.be/O06zjbC55HM?t=918) - New Mindflow

Reference :

> NFT-DAO Long Term Vision

{% embed url="<https://www.youtube.com/watch?v=tawHSD11ytY&t=149s>" %}

> Potential to include African Artists

## Governance Updates

### Integrating samepage with GitHub - [16.05](https://youtu.be/O06zjbC55HM?t=965) - Stephen Rowan

> GitBook criteria for obtaining Open Source Licensing

### Governance HOLON Meeting  - [17.33](https://youtu.be/O06zjbC55HM?t=1053) - Sev

> Governance HOLON Meeting set for 1st April 2021 to include Troy, Dan, Sev, Stephen, Hud
>
> Meeting will discuss best practices on governance, bench-marking on other DAO projects, revenue generating models

#### Should Governance HOLON research the contribution token ?  [18.14](https://youtu.be/O06zjbC55HM?t=1094) - Sev, Rich Kopcho

> The Governance token is a financial instrument with associated regulatory concerns
>
> In the interim is there a way to distribute "kudo" like rewards to DAO participants ? Something that could build value and be transferable (fungible) in the long-term.
>
> Discussion - [20.08](https://youtu.be/O06zjbC55HM?t=1208) - Sev, Rich Kopcho
>
> Building reputation of contributors
>
> Creating some Token mechanism that tracks input of time and effort.
>
> An NFT of the first railroad block - [23.06](https://youtu.be/O06zjbC55HM?t=1386) - Michael @Yagi
>
> Being part of the genesis of the NFT DAO
>
> Tokenomics - utility tokens, voting tokens - [24.24](https://youtu.be/O06zjbC55HM?t=1464) - Dan Verowski
>
> Once NFT-DAO platform is mature -  introduce a deflationary governance token (that has scarcity).
>
> Discussion - [25.55](https://youtu.be/O06zjbC55HM?t=1555) - Tyler Wales, Dan Verowski
>
> Value in recognition itself - [27.14](https://youtu.be/O06zjbC55HM?t=1634) - Stephen Rowan
>
> Discussion - [27.38](https://youtu.be/O06zjbC55HM?t=1658) - Tyler Wales, Dan Verowski
>
> We could create track DAO contributions through multi-asset wallets
>
> Lets create good will tokens to avoid regulatory space - [28.09](https://youtu.be/O06zjbC55HM?t=1684) - Jonathan
>
> The regulation that comes with financial rewards can interrupt the innovative cadence/momentum of the DAO
>
> Discussion - [29.28](https://youtu.be/O06zjbC55HM?t=1768) - Jonathan Looney, Tyler Wales
>
> What's the initial state ?
>
> Token does not need to be backed by ADA - [30.28](https://youtu.be/O06zjbC55HM?t=1828) - Michael @Yagi
>
> Token could just enable access to governance privileges, voting etc.
>
> Value determined by perception of worth in the community.
>
> How do we distribute the token ? [31.45](https://youtu.be/O06zjbC55HM?t=1905) - Jonathan Looney
>
> Happy to research best practices for token distribution.

## Development SDK

> Development SDK [33.31](https://youtu.be/O06zjbC55HM?t=2011) - Dan Verowski, Michael @Yagi
>
> Collaborative use of software tools.

## MVP Auction master document

> MVP Auction master document [36.22](https://youtu.be/O06zjbC55HM?t=2182) - New Mindflow
>
> Invitation to group to add contributions to MVP Auction master document
>
> **Rationale** :
>
> "Considering the fact that the MVP auction is going to be a microcosm of the DAO, involving development, business planning, project management, governance and marketing we are putting together this document as a way for us to synthesize and synchronize all the work that is being done towards it by the different holons within the DAO." (Quote from MVP Auction master document)
>
> Screenshare presentation of samepage setting of MVP master document [37.27](https://youtu.be/O06zjbC55HM?t=2247) - New Mindflow

## NFT Token transaction proof of concept

> Discussion [38.28](https://youtu.be/O06zjbC55HM?t=2308) - Dan Verowski, Michael @Yagi, Tyler Wales, New Mindflow
>
> Reference :

{% embed url="<https://stephen-rowan.gitbook.io/nft-dao/meetings/22nd-march-2021-nft-dao-business-planning-meeting-transcription-in-progress#how-to-transact-nfts-1-06-58-wilhelm-horrix>" %}

> Rich talking to IOG about Development support [39.49](https://youtu.be/O06zjbC55HM?t=2389) - Tyler Wales, Michael @Yagi
>
> NFT-DAO MVP will be similar to ergo's platform
>
> Reference :

{% embed url="<https://ergoplatform.org/en/blog/2020-09-25-nfts-on-ergo/>" %}

> What is the status of smart contract functionality ? [41.24](https://youtu.be/O06zjbC55HM?t=2484) - New Mindflow
>
> Multiple issuing of NFT assets, artist royalties.
>
> Discussion - [42.04](https://youtu.be/O06zjbC55HM?t=2524) - Michael @Yagi, New Mindflow, Tyler Wales, Dan Verowski
>
> Follow-up meeting to discuss what we want the auction to look like from a technical standpoint.
>
> Discussion [45.00](https://youtu.be/O06zjbC55HM?t=2700) - Michael @Yagi, New Mindflow, Tyler Wales, Jonathan Looney
>
> Need to clarify multiple issues - unify communications and requirements.

## Roadmap, timelines ?

> Roadblocks - [49.06](https://youtu.be/O06zjbC55HM?t=2946) - Tyler Wales
>
> Roadblock : Marketing doesn't want to start marketing a message that development can't deliver. Flipside : Development needs direction from marketing on what to build.


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