Please provide a detailed budget breakdown of the proposed work and resources.
- Artist's time and effort (364 hours for image creation + 30 hours for editing and curating): 30000 ADA
- Generative programs memberships, editing software memberships and OpenAI API costs: 1000 ADA
- Marketing expert's time (60 hours): 26000 ADA
- NFT minting costs: 1500 ADA
- Miscellaneous expenses (website hosting, PR, etc.): 3000 ADA
- Website design and development (including branding & implementation): 13000 ADA
Total: 74500 ADA
Who is in the project team and what are their roles?
The team comprises Chadi Nassar (AI Generative Artist), John Valdez (Marketing Expert) and Alexa / Thyme (Web3 Freelance Designer). Chadi will create the AI-generated artworks, while John will handle the project's marketing and PR. Alexa will be bringing the branding up to standards so it is sustainable for campaigns to come in the future as Chadi wants to continue the fundraising efforts in the future.
Who is Chadi Nassar?
Chadi Nassar is of Lebanese origins and was born in Dubai, UAE in the 80s and raised in Ras Al Khaimah. He speaks 4 languages: Arabic, English, French and Mandarin Chinese, holds a Bachelor’s of Biochemistry and an MBA. Has worked in the luxury jewelry and watches industry with the LVMH group as well as Richemont. Now, he is an artist and crypto-enthusiast with his NFT works and also his physical prints.
To say his journey into art is unconventional is an understatement. Being a creative talent, his younger years were spent creating pieces of art and works of LEGO while letting his imagination unfold. Then came the “lost years” as he puts it where he abandoned his love for art to go towards scientific pursuits. All the while his heart was aching to create art again.
Decades later, he found the time again to go towards the arts during the COVID home quarantine and work from home era. He also dove into artificial intelligence and all that entails. Finding his way to crypto and NFTs, he launched his first NFT collection on OpenSea titled Faces 01. He then quickly burned it and migrated to the Cardano blockchain where he met a lot of success. After getting a taste of the artist in him again, he could no longer go back to his day-time job. Two years of corporate work during the COVID era and creating art on the side made him realize he had to choose between the 2 careers. This time he decided to follow his heart rather than his brain and go full into crypto and art.
He is now a full-time crypto enthusiast and AI-generative artist. The AI generative scene is new and exciting re-igniting a passion for him to create and bring his creations to the world. He calls himself AI agnostic, meaning he uses all the AI mediums available to express his vision. He is participating in markets all over Dubai and starting to show his works in solo shows.
John Valdez' Bio:
John is the CEO of Unscroll and has extensive experience managing and working with teams within Cardano including the Cardano Foundation, IOHK, Summon Association, ADAO, Scapegoat Media… and is currently focused on helping lead the Cardano community into the age of Voltaire
Alexa’s Bio:
A creative designer with a background in design, branding, and UI/UX with a strong focus in the crypto space. Operating fully remotely, they have worked with over 10+ prominent projects within the Cardano and Ethereum ecosystems. Examples being Profila, ADAHandle, Goombles, SuperCuteNFTs and many others.
How does the cost of the project represent value for money for the Cardano ecosystem?
- <u>Direct financial return:</u> While the primary aim of the project is not profit-driven, there's potential (NFA) for the NFTs to appreciate in value, offering a return on investment to those who purchase them. This in itself can draw new investors to the Cardano ecosystem, increasing its value.
- <u>Social Impact:</u> By associating the Cardano platform with charitable causes and sustainable development goals, we can demonstrate the utility of blockchain for achieving social good. This could attract more social impact projects to Cardano and increase its reputation as a platform for altruistic endeavors.
- <u>Increasing Visibility and Awareness:</u> By utilizing the Cardano blockchain for this high-profile initiative, the project will increase visibility and awareness of Cardano amongst potential users, developers, and investors. This could drive wider adoption of the platform, making it more valuable in the long run.
- <u>Catalyst for Further Development: </u>Showcasing Cardano's capabilities and user-friendliness for minting and trading NFTs can attract artists and creatives to the platform. This can spur further development and innovation in the Cardano NFT space, thereby making it a more attractive platform for a wide range of projects.
- <u>Reputation and Trust:</u> The transparency, accountability, and decentralization offered by the Cardano blockchain used in this project can help build trust and credibility in the system. This is particularly important for social impact projects, which often require a high level of transparency and accountability to attract donors.
- <u>Community Building:</u> The project also presents an opportunity for community building within the Cardano ecosystem. The campaign could engage and rally the Cardano community around a shared cause, promoting a sense of unity and shared purpose, which is invaluable for the long-term health and vibrancy of the ecosystem.
In conclusion, while the project requires a certain level of funding, the potential returns—both tangible and intangible—exceed the initial cost. The multifaceted value created through increased visibility, social impact, community building, and potential for future development makes this project a smart and strategic investment for the Cardano ecosystem.