Hi Paul,
I spoke to the team and I think there is some confusion with regard to this payout.
The original proposal outlines the following funding:
25 N for each participant (for example 2 vocalists, a producer)
25 N Mixing & Mastering
25 N Marketing
25 N Project management
We are requesting a total budget of 150 N for funding
[PROPOSAL] NxM Anthem
Prices from the original funding are quoted in NEAR not USD, so some of the collaborators felt that the payout should honour this. As well the delay of this project was not due to the negligence from any of the final collaborators.
We propose a compromise of requesting the full payout 150 NEAR, but commit to dedicating 50NEAR from this payout to fund a “Respect the Architects” engagement for NxM. This could also be a potential on-boarding initiative.
Example engagement could be a challenge for the RTA remix “Builders Song” - artists share their best 16 bars. The challenge will be promoted to NxM community members as well as our own creative networks, requiring artists to join the NxM community to enter the contest.
Benefits
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Allow “Respect the Architects” to truly be an anthem for NxM by engaging the community through a remix contest.
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Promotion for “Respect the Architects” recently released as part of DAOrecords SoundSplash. With added promotion may come added attention and NFT sales, further testing out the newly implemented fonoroot system.
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On-boarding artists to NxM for participants of the 16 bar remix challenge.