I. Proposal Summary
II. Spotify Audio Ad Campaign Breakdown: Strategy, Duration, Ad Breakdowns, Target Audience Breakdown, Mock-ups
III. Spotify Market Analysis
IV. Budget Breakdown
V. Tentative Project Timeline
VI. Conclusion
VII. Supporting Documents
We are requesting funding for a marketing and PR initiative aimed at achieving the following:
We plan to advertise key features of the Polkadot blockspace that many people are still unaware of. Although Polkadot is a top cryptocurrency, many of the network's most used components have not been exposed to people outside the Polkadot community.
Cryptocurrency is still a relatively new and vastly misunderstood topic for most of the worlds population. People have heard of "Polkadot the cryptocurrency", but still don't know or understand the capabilities of Polkadot as a blockspace ecosystem. We're here to shift the way people think about Polkadot and help people understand that Polkadot has something to offer everyone.
To accomplish this, we will advertise to software developers, tech-savvy individuals, financial institutions, and technology hubs throughout the United States. Our approach involves high-value marketing through Spotify audio advertisements, targeting 46.17 million ad-supported users over the course of a year-long campaign. Ad-supported users are users who listen to audio advertisements to use the Spotify platform. Information about the benefits of advertising with Spotify can be found below in Section III. Spotify Market Analysis.
We plan to run a multitude of audio advertisements focusing on key components of the Polkadot ecosystem, including but not limited to:
We are proposing the execution of two simultaneous ad campaigns running over the course of 12 months. Both of the ad groups will be targeted based on general/podcast interests and behaviors. The ad campaigns will be further categorized by audience demographic:
Ad Campaigns | Target Audience Demographic |
---|---|
Ad Campaign #1: Targeted Demographic Advertising |
Targeted advertising to specific postal codes and Designated Market Areas (DMAs) in the United States that are Tech, Financial, and Education Hubs: 1. The cities of New York, Silicon Valley, Washington DC, San Francisco, Dallas, Houston, Seattle, Chicago, Boston, Los Angeles, Detroit, Atlanta, Denver, Salt Lake City, St. Louis, Portland, and more. 2. Specific postal codes and DMAs in areas around schools such as MIT, California Institute of Technology, Stanford, Harvard, Yale, Georgia Institute of Technology, Princeton, University of Chicago, and more. |
Ad Campaign #2: General Public |
The general public across the United States. These ads will run for 46.17 million ad-supported Spotify users. |
Please see the in-depth proof of concept with images, videos, and advertisement script mock-ups here:
Click here open the Figma for Spotify Audio Ad Campaign Art Deck/Scripts in a new tab
More information on the proposed ad campaign can be found below in Section II. Spotify Audio Ad Campaign Breakdown.
Strategy:
Two Spotify audio advertising campaigns crafted to maximize both reach and impressions. Maximizing reach means sharing these ads with the largest possible and most focused audience. Maximizing impressions ensures the ads are frequently shown to specific users. We will be advertising to software developers, tech-savvy individuals, financial institutions and technology hubs across the United States. These ads are non-skippable so it is ensured that the user will hear all information being presented to them.
Duration:
The two audio ad campaigns will run for 12 months across the United States of America.
Ad Breakdowns:
The ads will be multi-format with audio and visual components.
Audio: Non-skippable 15-30 second scripts read by professional voice actors with engaging background music.
Research indicates that 15-30 second ads are the optimal length for engaging listeners.
The scripts will discuss various key components of the Polkadot ecosystem:
Visuals: Video and logo imaging with captivating visuals of the Polkadot logo.
Ad Campaigns | Target Audience Demographic |
---|---|
Ad Campaign #1: Targeted demographic advertising to specific postal codes and Designated Market Areas (DMAs) |
1. Consists of 8+ ads with an audio and visual component. These ads are non-skippable. 2. Targeted based on locations in the United States that are Tech, Financial, and Education Hubs:
|
Ad Campaign #2: General Public |
1. Consists of 8+ ads with audio and visual components. These ads are non-skippable. 2. Advertising to 46.17 million people 3. Targeted based on their interests and behaviors (see Table 3 below: Target Audience breakdown) |
Target Audience Breakdown:
Target Audience Interests and Behaviors | Target Audience Podcast Interests |
---|---|
1. Technology 2. Business 3. Science & Medicine 4. Education 5. Gaming 6. In-car Listening 7. Health & Lifestyle 8. News 9. Podcasts 10. Culture & Society |
1. Technology & Computing 2. Business & Finance 3. Careers 4. Education 5. Personal Finance 6. Science 7. News and Politics 8. Video Gaming 9. Hobbies & Interests 10. Real Estate |
Mockups
Ad Scripts:
To view the scripts, please refer to:
The ads will run on a rotating schedule throughout the year.
if you do not want to go to the Figma, the links can be found below the image
As of Q1 2024, Spotify has 110.7 million Monthly Active Users (MAUs) in the United States. Of these 110 million MAUs, 46.17 million are ad-supported. Each day, ad-supported users on Spotify hear advertisements from a brand’s marketing campaign between 1 and 5 times. Spotify is forecasting that it will be adding 16 million additional MAUs in Q2 2024.
With a 31.7% global market share in the music streaming space, Spotify has a demographic which varies widely in age, gender, and musical/podcast interests. Spotify has over 100 million music tracks and 5 million podcasts, all of which have advertisements for ad-supported users.
Running multi-format campaigns on Spotify boosts ad recall by 90% and more than doubles brand awareness - these include audio, video, and podcast advertisements. Ad engagement on Spotify leads to a 19% higher brand impact compared to other forms of media.
Total DOT Request: 14,500 DOT priced at $6.70 USD This includes: 1. Campaign Execution: 11,250 DOT
4. Maintenance and Incidentals: 750 DOT |
Budget notes:
The advertisement campaigns will commence 14-21 days after fund conversion.
Tentative project start date: mid to late July 2024
Project run-time: 12 months from start date
Upon approval, we will move forward with fund conversion and vendor payments. Shortly after we can begin advertising Polkadots technology and ecosystem to the 46.17 million ad-supported users on Spotify.
Every 3 months we will submit a 0 DOT cost proposal with a set of scripts to update the ad campaigns with fresh content and information re: any new tech advancements within the Polkadot ecosystem.
Team Leads
Project, Operations, and Quality Assurance Manager who has been the team lead for 10+ software developers for 3 years and counting.
Expert in the Polkadot ecosystem who has 6+ years in Marketing and Advertising.
Please see information in the comments with information verifying that we have been apart of Polkadot for a number of years
Collectively our team has been in the crypto space since 2018 and part of the Polkadot community since 2020.
Threshold
Regardless of proposal content, the proposing account was only created 16 hours ago. I am worried that the funds requested would not actually be used for the purpose described.