NDC Community Pulse: March 8, 2023

Thank you, @blaze for your reply.

@williamx and @Dacha to provide some more insight into your questions here is the roadmap we are following as provided by the transition of NF to the NDC:

  1. NF owns the funding transition plan from NF to the Community Treasury to support the NDC. So, there’s little we have to control in that respect. We have been following the legal leads to create the trust instrument guidelines that we all will be following. Therefore, none of the legal explorations stem from the GWG individuals but the process that we must follow legally. (Here is NF’s recent post on the NDC, Decentralization, Incubator etc – Update on Near Decentralized Funding, DAOs, and Accelerator – NEAR Protocol)

  2. The GWG gives framework insights and support as collaborative problem solvers. We will not have a vote on who is funded and are here as a function of listening, framing, and supporting. The budget that is currently allocated to GWG will NOT remove funds for the GDAOs. The GWG budget reflects the needs for creating a governance platform – largely the technology for voting which is the crucial element of our collective success. There are RFPs out now for engagement with the community in the technology dev for voting, and this will continue.

  3. The Trustees have been through a lengthy and rigorous vetting procedure conducted by a working group within the GWG: the Legal Working Group, a group of legal professionals with ties to the NEAR community. Initially, the community was asked to put forward names of prominent community members, eventually, five people were asked and were happy to take on the role of becoming a Trustee of the Community Treasury. The GWG will shortly be permitted to release a beginners guide to the Community Treasury outlining more details on the Trustee vetting procedure. We are not legally allowed to provide those names or details until the legal instrument has been signed and launched. The trustees will NOT be permanent members and are engaged to START this crucial project of having community-led governance.

  4. We posted our WHO WE ARE bios, background, and intentions for the entire community, and believe we bring ethical practices, the experience that’s valuable, and a sincere desire to be of service to the community.

  5. We will provide the Q4 bounties list to the community, and we have let the person who has not collected their bounty know that they have 24 hours to do so or default. Once that timeframe has cleared we will certainly share it here. We will be providing much more information on the Community Treasury when we have the go-ahead from legal – again, we do not make that call within our group.

I hope that this has helped to give more information, and context and supports our dialog in general.

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