Fuelarts x BitBasel | The Artists & Collectors Polkadot Hub to onboard 2000+ new & engaged users, 300+ projects and 10K+ transactions

Dear Proposer,

Thank you for your proposal. Our first vote on this proposal is NAY.

The Medium Spender track requires 50% quorum and simple majority of non-abstain voters according to our voting policy. This proposal has received zero aye and six nay votes from ten members, with two members abstaining. Below is a summary of our members' comments:

Voters expressed significant skepticism about a proposal related to the NFT market within Polkadot. Concerns included a lack of strategic direction in the art space, doubts about the potential return on investment, and the disproportionate allocation of the budget toward management and supervision. Some voters suggested that the focus should shift towards building a stronger artist community and engaging with existing networks, rather than committing substantial funds at this stage. Overall, many felt that the current approach lacked the necessary structure and clarity for success.

The full discussion can be found in our internal voting.

Kind regards,
Permanence DAO

To everyone:
To support, explain, and discuss our vision, we’re hosting a group discussion / AMA panel tomorrow — Tuesday, April 14 at 10 AM EST / 4 PM CET. Everyone is welcome! Please find the details below:

Join us for a live discussion on the future of NFTs beyond the hype, with unique perspectives from pioneers across Web3, digital art, and decentralized platforms.

Following the release of The Art Market 2025 report by Art Basel & UBS, this webinar brings together leading experts to unpack what the numbers really mean for the NFT ecosystem — and to offer concrete paths forward for creators, collectors, and investors.

For the first time, the report’s NFT section was written by an external digital asset think tank — NFT18.com — signaling both a shift in perception and a professionalization of the field. The data is sobering, but not surprising: marketplace closures, declining wallet activity, and shrinking sales across the board.

Fuelarts and BitBasel have teamed up to address this reset moment — not as an obituary, but as a blueprint for what comes next.

In this conversation, we will explore:

• What The Art Market 2025 report reveals about NFT infrastructure and storage failures
• How creators can adapt to a lower-volume but higher-quality market
• Why decentralization, interoperability, and permanence are key to NFT 2.0
• What investors should look for in a post-hype digital asset space
• How to reactivate dormant collectors and rebuild trust in the ecosystem

Guest Speakers:

Elena Zavelev
Head of Partnerships at LiveArt, Founder of CADAF
Jessica Marinaro
Art Advisor & Curator, former Senior Director at MakersPlace
Asya Nikolaeva
Founder of CityX Foundation, Co-Founder of Accompart’s Digital Art Auction
Sergey Shendrik
Web3 Entrepreneur, Founder of Accompart’s Digital Art Auction

Co-Hosts:

Denis Belkevich
Art Economist, Visiting Lecturer at Sotheby’s Institute of Art, General Partner at Fuelarts
Scott Spiegel
Web3 Entrepreneur, Co-Founder of BitBasel