Referendum #1130

WagMedia - Collective Content Creation for 52 Weeks

Big Spender
1mo ago
26 Comments
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451.4KUSDC
Status
Decision28d
Confirmation7d
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2
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57.5%Aye
50.0%Threshold
42.5%Nay
Aye
36.89MDOT
Nay
27.29MDOT
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  • 0.0%
  • 0.0%

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Support(0.81%)
12.07MDOT
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1.49BDOT
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I'm extremely impressed with the direction this crew has driven since taking over WagMedia. They've taken a program aimed at maximizing participation to developing a system for producing high quality, local media with increasing reach. We still see many productive ecosystem agents getting their start under the guidance of WagMedia.

It looks like this past funding period focused on building the infrastructure needed for a well managed and highly transparent bounty. The website https://thewagmedia.com/ is a massive improvement for audit-ability and creator discovery. Anyone campaigning for a bounty-driven treasury with Requests for Proposals should study these efforts.

My hope is that, going forward, the curators are able to drastically drive down the costs of management & operations while maintaining quality AND scaling volume.

With the tools recently developed and a sharp team, I think it is possible.

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Why we need Wag Media, we already have The Kus?

image.png

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Referendum 365 had a cost of 180k for 26 weeks (26k DOT at 6.92$). That's the equivalent to 360k for the same 52 week duration. So we would like some clarity about elements that are worth the 20% increase in cost from the previous proposal to the current proposal?
Comparatively, there are increased amounts for content rewards, almost the double which was expected. But we would like further clarity about some other elements. Website and Discord bot seems to have also increased a 28% (69k p.a to 94k p.a.). So we are wondering about these costs, specially the developer/designer costs as infrastructure costs remain negligible. We were wondering about the future developments of these two items and the reasoning for these costs as the website and Discord are already in production.
Finally, the "Twitter Intern" 31k (at 60$/h) and the Finders+Newsletter 52k costs seem to be the novel additions so we would like to see more clarity about the reach of these two efforts. Meaning the Wagmedia X reach i.e. account views, likes and so on as well as the reach of the Newsletter in order to justify these costs.

Looking forward to seeing your answers.

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