The primary goal of this proposal is to confirm the curator candidates and approve the fee allocation. The ink!ubator budget has already been locked, and we are not seeking additional funding. Please check the proposal below. You can also review the process that has been underway for the last 5 months!
This proposal is to assign a set of Curators for Bounty 19.
The set of curators consists of six people from different community teams. Their qualifications and Polkadot addresses can be found in the original post for Bounty 19.
You can find the full Curator and Facilitator responsibilities and rewards proposal here. A short description of the proposal is provided below.
As some of you may be aware, our initial referendum was approved but failed to execute due to an on-chain error, preventing us from accessing the funds, and it's the reason of the delay in the Proposals.
We are excited to provide key updates and highlight the extensive work undertaken to facilitate the onboarding of ink! projects and garner support from prominent teams within the Polkadot ecosystem.
To date, we've approved 11 Ecosystem grants, totaling $762,860 USD. Several of these grant recipients are making significant strides, as evidenced by their milestones on GitHub.
A noteworthy addition to our Builders track is the MuFi team. MuFi is financial and payments infrastructure for creator businesses. The current royalty system lacks an intuitive payments layer that meets rapidly scaling consumption models (ie. Streaming services, social media platforms etc.). 120,000 new tracks are uploaded to Spotify per day- recorded as only 90,000 six months ago. At that rate and scale, it is inevitable that accounting and compliance will be mishandled and prime for forensic auditing, which is why the infrastructure that MuFi delivers is invaluable for any business that needs to scale and make millions of fractional payments, globally.
For our Audit track, esteemed curators have identified OpenZepplin and Oak Security as industry leaders in security audits.
Concluding our first cohort, we've successfully onboarded and funded over 11 projects. Our team is diligently working to pave the way for ink! to achieve success and widespread adoption.
The tl;dr is that we are requesting $5000 USD as a one time payment per Curator as well as an additional amount based off contributions (e.g submission reviews).
There is also a Facilitator reward of approximately $25,000 USD included.
The total for the Curator and Facilitator rewards is $97,200 USD.
To stay informed with our latest advancements, follow our Public Ink!ubator channel on Element.