by 0xdab85506424396fb090d84b64ad63b770d87c028 (SuperMANA)
For those who have been here since inception, or rather close-to, have had the unique opportunity to watch Decentraland blossom into the iconic metaverse platform that it is today.
The nascent success that it’s experiencing today wasn’t a straight-forward path, and many community members here can attest to that. The early roll-out of NFTs in Decentraland has had a grey cloud over it for a long time.
My proposal today will hopefully clear that cloudiness and restore the once prosperous NFT community back to its former glory, which will include righting a few mishaps that Decentraland, and now the DAO, had made.
Before jumping into the proposal, it is imperative to highlight these points of contention.
[Points of Contention]
- Decentraland, before the DAO, sold NFTs to the community, requesting MANA in return.
On the surface, this looks like a normal transaction; however, Decentraland’s exchange here was hostile as it never reward Voting Power for these NFTs, unlike LAND & NAMES, that were sold in exchange for MANA and hold Voting Power.
By doing this, Decentraland fully attacked the democratic abilities of the NFT Wearables community, suppressing them from holding Voting Power/NFT equivalent Voting Power to defend their community and promote their rights.
Furthermore, the DAO, highlighted this negligence by accepting Ethereum at a fixed $10 USD parity amount for the COVID Mask event. Here, they pegged the NFT price to USD and also did not accept MANA.
Those who were asked to purchased NFT wearables in MANA for the Halloween 2019 collection were hurt the most by this decision.
Majority of the collection was sold, not acquired via play-to-earn methods. The prices were as follows:
Mythic Items: 5,000 MANA
Legendary Items: 500 MANA
Epic Items: 100 MANA
The items and original address can be found here:
Upon the launch of this predominantly-purchase only collection, admins in Decentraland’s Discord “advertised” how to access OpenSea and buy these items set at the market price, which turned out to not be sticky.
- Developer/Admin/Foundation Member(s) of Decentraland sold their wearable NFTs to the community in exchange for MANA, often farming them before other community members could acquire them. There’s on-chain and YouTube history of this for the Xmas 2019 and Moonshot 2020 events.
To gain bipartisanship in this matter, I will withhold naming these particular members of the team for now and not share the recently curated Google Doc detailing the advertisement of wearables on OpenSea and Admins selling them to the community. Nonetheless, it is disappointing how certain individuals dumped on the community and rose to prominent positions within the DAO without any recourse or apologizing.
It is imperative to highlight this issue, as it showcases the poorly designed incentives that members of the team have to care about the L1 Wearable community, as many have sold a good portion of their NFTs, especially their earliest, most rare mints.
As an ombudsman for the wearables community, a resounding comment that has been made frequently is: “Paper hands are never rewarded, and the community expresses little sorrow in knowing that we had higher expectations of this project than those members of the project who dumped their NFTs on the community.”
[PROPOSAL]
Now that we’ve cleared the air on the points of contention, let’s jump into the proposed solutions.
- Grant Wearables Voting Power
A flat amount of voting power per each L1 Wearable is the simplest solution, as the devs have mentioned; even though, Decentraland’s unique property design for wearables complicates this.
DAO Weighting for L1 Holders:
According to the data I pulled from GraphQL (this data should be validated by the community), the distribution is as follows for rarity type:
Unique | 4 | 0.005%
Mythic | 984 | 1.224%
Legendary | 13,229 | 16.449%
Epic | 28,775 | 35.780%
Rare | 25,713 | 31.972%
Uncommon | 6,309 | 7.845%
Common | 5,409 | 6.726%
Total | 80,423 | 100.00%
We sit on the shoulders of giants; those who came before us. Under this premise, I feel that pioneers of Decentraland should be rewarded for their time and bravery. For those just joining the community, there have been many moments along this journey where community members have shared losses.
Voting Power should be assigned in a two-tier ranking system, in an easy to assign manner for the Decentraland developers.
With this in mind, I propose a two-tier Voting Power weight.
Being the first collection, the Exclusive Mask collection, stands out in this regard. In addition, since the Halloween 2019 collection was a primary-purchase only collection, which hindered the democratic of many L1 holders, this collection should also be in that tier.
Being that the Xmas 2019 was a bugfest, I also propose including this collection into that same standalone tier. Lastly, to be included, should be the MCH (MyCryptoHeroes) collection, especially after some of the collection was incorrectly listed under the Mythic background color, which hurt many buyers.
All four of these collections were minted in 2019. Please note the 2019 weightings coincide with prices that Decentraland charged for the Halloween 2019 collection, save for rare(s) which were not sold but scales with proposed mint count.
2019 Collections | Voting Power
Mythic/Exclusive Masks | 5000
Legendary/MCH | 500
Epic | 100
Rare | 10
Uncommon | N/A
Common | N/A
2019 Collections | Voting Power
Unique/Mythic | 1000
Legendary | 100
Epic | 10
Rare | 2
Uncommon | 1
Common | 1
As with all proposals, please provide constructive feedback.
We need to push forward as a community and this has been quite the gray cloud. I believe there’s a symbiotic relationship between adoption and a healthy, robust wearables market. We’ve listened to Discord admins incorrectly state that Decentraland slowed down because of gas fees. It’s time for the community to rally and restore faith in Decentraland’s wearables.
Let’s promote and push for the revitalization of these historical pieces of art in Decentraland and the blockchain space, before the next 10,000 opts for Meta as their only platform.
Cheers,
SuperMANA
- Approve Voting Power for Wearables
- Reject Proposal
- Invalid question/options
