Please describe your proposed solution.
Whether your experience is as a a funded proposer who has completed a project, or simply as a Catalyst Community member, there is little doubt:
Completed Projects do not get a lot of attention.
- As a proposer, you might be lucky enough to get an email from your challenge team confirming completion. Otherwise, you just take it as a good sign when the final payment shows up in your wallet! There is no fanfare. If you want to share your accomplishment with your followers and the wider Cardano community, it is entirely up to you to generate that messaging and content.
- As a community member, you may see certain few completed projects featured on Town Halls; otherwise it's up to you if you want to track down project results on a Google Spreadsheet (or mutable centralized sources like projectcatalyst.io or on the Lido Nation Catalyst Explorer!)
Our solution will offer completed projects the opportunity to mint a "Project Completion'' NFT to celebrate and commemorate their achievement.
The NFTs will bring together custom metadata and design elements that uniquely reflect the completed project, along with a standard "Achievement badge" design that will be immediately recognizable when it is shared and displayed.
Who it benefits:
- This solution benefits Project Teams by providing them easily shareable proofs of achievement.
- This solution gives the community a recognizable symbol to identify productive Catalyst contributors.
- Other community builders can learn from our open-source code & implementation to use NMKR for their own projects!
- Completed projects can be queried directly from the blockchain under a single policy ID
What we already have:
Lido Nation's Catalyst Explorer already allows Catalyst participants to register on the site, verify their identity through ideascale, and manage elements of their profile. Lido Nation also already supports the functionality for users to connect their wallet and mint NFTs for different programs. The Catalyst Explorer also maintains up-to-date data about current and past Catalyst proposals, including project completion status.
This solution builds on this existing architecture and data to offer users the ability to mint a "Project Completion" NFT for every completed project that they participated on as a proposer (or registered co-proposer).
How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?
This Campaign's definition of success is incredibly straightforward and concise: it calls for more NFT tools implementing the NMKR Dev API. The defined metrics for success are as follows:
- Tools/Projects successfully released: Check!
- Time from funding to market: As described in the previous section, lots of the heavy lifting for this project is already in place on the Lido Nation website, including login, Catalyst User identity verification, wallet integration, and updated Catalyst Data.
- Amount of users for these projects/tools: This project has the potential to attract and sustain a large and growing pool of users. This project will fund the first 1000 completed projects to mint their Project Completion NFTs for FREE. (Currently there are only about 500 completed projects).
Beyond the first 1000, the Project Completion NFTs will continue to be available for a suggested donation amount to cover maintenance costs. The Catalyst Explorer tool where this will be housed sees hundreds of unique site visitors per day when Catalyst Funds are active, meaning that in addition to any other marketing we may do, we have a built-in audience of many site users. For those users who are also funded proposers, we anticipate that a free NFT to mark their achievement will be "easy to sell".
<u>Impact</u>
Enabling and Incentivizing more community engagement with completed projects:
With easy access to a Catalyst Completed Project NFT, we believe we can enable and incentive more of the behaviors and outcomes that we would like to see around project completion:
1) Project Teams will have a celebratory ritual to mark project completion
2) Unique and recognizable NFT images provide a project team with "Ready Made" marketing collateral to share with their audience.
3) Community members can get to know and recognize the achievements of the people and groups who are achieving great things through Project Catalyst. (Proposers who mint completion badges can have them displayed on their Catalyst Explorer profile if they choose)
4) More community members and prospers find their way to the Catalyst Explorer tool, which enables easier access and research-minded inquiries into the Catalyst ecosystem.
How do you intend to measure the success of your project?
In every blockchain ecosystem that supports NFTs, we have seen that people flock around collections that signal some sense of community, belonging, or success. With NFTs as a symbol of some identity, no matter how silly, people rally around a common purpose. Project Catalyst has not, to date, leveraged this powerful human element of blockchain. Furthermore, the lack of recognition and fanfare for completed projects is a problem that we can help solve. Project Catalyst does not exist to fund projects – it exists to fund the OUTCOMES of completed projects! Today, those outcomes are like a tree that falls in the woods when no one is there to listen.
A Project Completion NFT can become, like other NFTs, a symbol of being in the cool kid club! It can encourage project teams to make some noise in public by sharing their NFT and inviting others to check out their project outcomes. It can provide the public a token to look for when they seek out cool projects to follow, or mentors for their own Catalyst bid.
Measuring objective impact will be an easy matter of tracking numbers of Project Completion NFTs in the Lido Nation Catalyst Explorer.
Tracking how people use them in the wild will be something that is felt rather than measured. The minting page will make the suggestion that minters should use their NFT as an easy way to share and broadcast their accomplishment and invite the community to check out their outcome. We will also provide a Twitter Hashtag on the minting page that users can deploy when they share their Project Completion NFTs, which will provide one way to see them in the wild, for those that choose to use it.
Please describe your plans to share the outputs and results of your project?
This is a relatively simple project that will be built in three phases:
Phase 1: NFT design: the completed design will combine common thematic elements that will make recognizable badges, along with custom generated elements that are based on the project itself: The design will be shared in the first milestone project report.
Phase 2: building the NFT minting platform and page with integration to the NMKR API.The minting platform will become available to users at the second project milestone report.
Phase 3: Finalizing the open-source code to share publicly. The code will be publicly available on GitLab at the final milestone/project completion report. We anticipate that other projects will find it useful when building their own NFT solutions in collaboration with NMKR.
We will mint and share our own Project Completion NFTs to get the party started!