# \[APPROVED\] NxM Bounty DAO Funding Request **URL:** \ **Category:** Community Fund\ **Tags:** community-fund\ **Created:** [April 26, 2021, 5:41pm UTC](https://gov.near.org/t/approved-nxm-bounty-dao-funding-request/1419 "2021-04-26T17:41:15Z")\ **Posts on this page:** 5\ **Page:** 1
**Author:** ![vandal](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.near.org/vandal/32/11438_2.png) [@vandal](https://gov.near.org/u/vandal)\ **Post date:** [April 26, 2021, 5:41pm UTC](https://gov.near.org/t/approved-nxm-bounty-dao-funding-request/1419/1 "2021-04-26T17:41:15Z")
TLDR of the proposal: [Createbase](https://createbase.community/) is hosting the [Open Web Community Hackathon](https://createbase.community/hackathon/) from May 15th - June 6th! The NEAR Open Web Community Hackathon will coincide with events from Seed Club, Metagov, and the NxM Guild (Music Guild) as well. As part of this Hackathon, [funding is needed for the Bounty DAO](http://gov.near.org/t/proposal-createbase-guild-dao-funding-for-upcomming-hackathon-normal-ops/1306)’s that participants will earn from for completing tasks (Ideation/Presentation/Video Demo/Github Submission). Link to Forum for NxM-DAO info: [[Guide] Createbase Hackathon - NxM DAO](http://gov.near.org/t/createbase-hackathon-nxm-dao/1216) **Detailed proposal:** As a part of this Hackathon, the [NxM Bounty DAO](https://sputnik.fund/#/nxm-dao.sputnikdao.near) is requesting funding to ensure that the NEAR Music community has the necessary resources to hack at the problem proposed of: “Establishing a decentralized music community on the blockchain”. Planning for proposed DAO’s to hack away at the problem is already underway in the [NxM Discord](https://discord.gg/ZD5RC2gCkk) where 14 DAO’s are already being discussed! If each of these DAO’s are successful with a full GitHub submission in the upcoming hackathon, then 1400 NEAR is already planned on being needed for payouts. **Potential ROI/impact on the NEAR ecosystem:** The goal is to reach at least 100 unique NEAR accounts submitting on-chain transactions to SputnikDAO and earning a payout for successfully completing a hackathon task (Ideation/Presentation/Video Demo/Github Submission). This would be the start of a community forming around each of these creative areas with on-chain membership. **Specifics for musical communities:** - We are building the first music community for the NEAR ecosystem. - By supporting our members in their areas of interest (DAOs) through bounties we can establish a clear way for the community to engage and grow. - After the hackathon, We will continue to focus on under-developed areas of the community and be able to funnel new members into DAOs to get involved. **Community Socials:** - Telegram Group - [Telegram: Join Group Chat](https://t.me/joinchat/SZ5k3nhdfgJXNEl9) - Discord Server - [Discord](https://discord.gg/rpjuSXrSdD) - Instagram - [https://www.instagram.com/nxmlive/](https://www.instagram.com/nxmlive/) - Facebook Group - [Redirecting...](https://www.facebook.com/groups/930061564487917) - Twitter - To be created - Reddit - To be created - Website - To be created - Cryptovoxels Parcel - TBD **Amount of funding requested:** 3000 NEAR tokens to NxM (NEAR Music Guild) [https://sputnik.fund/#/nxm-dao.sputnikdao.near](https://sputnik.fund/#/nxm-dao.sputnikdao.near) **TEAM:** - NEAR point of contact: - NxM point of contact: _Poll ([view on site](https://gov.near.org/t/approved-nxm-bounty-dao-funding-request/1419/1))_ _Poll ([view on site](https://gov.near.org/t/approved-nxm-bounty-dao-funding-request/1419/1))_ > Voting and quorum thresholds: > > \<2K$ - 1X Yes - no minimum quorum (\* quorum defined as min number of members needed for the vote to be valid) > 2-10K$ - 2X Yes - no min quorum > 10-30K$ - 3X Yes - min quorum 4 of 7 - 4X members should vote in either direction > Above 30K$ requires Erik or Illia’s additional approval (Head of NF/Chairman of NFC) > Above 100K$ requires NEAR Foundation Council approval ---
**Author:** ![chloe](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.near.org/chloe/32/533_2.png) [@chloe](https://gov.near.org/u/chloe)\ **Post date:** [April 26, 2021, 6:13pm UTC](https://gov.near.org/t/approved-nxm-bounty-dao-funding-request/1419/2 "2021-04-26T18:13:29Z")
Great to see how far the Music guild has come in such a short amount of time. Looking forward to seeing how the community grows through the pricesses that get set up over the hackathon as well! ---
**Author:** ![Dedeukwu](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.near.org/dedeukwu/32/1676_2.png) [@Dedeukwu](https://gov.near.org/u/Dedeukwu)\ **Post date:** [April 26, 2021, 6:19pm UTC](https://gov.near.org/t/approved-nxm-bounty-dao-funding-request/1419/3 "2021-04-26T18:19:41Z")
This is gonna go a long way for NEAR if approved. ---
**Author:** ![starpause](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.near.org/starpause/32/3658_2.png) [@starpause](https://gov.near.org/u/starpause)\ **Post date:** [April 27, 2021, 4:19am UTC](https://gov.near.org/t/approved-nxm-bounty-dao-funding-request/1419/4 "2021-04-27T04:19:00Z")
> [@vandal](#): > > The goal is to reach at least 100 unique NEAR accounts submitting on-chain transactions to SputnikDAO and earning a payout for successfully completing a hackathon task (Ideation/Presentation/Video Demo/Github Submission). Love it! Joined NxM discord to see those DAOs coming together 🥳 May have some folks to steer your way. ---
**Author:** ![vandal](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.near.org/vandal/32/11438_2.png) [@vandal](https://gov.near.org/u/vandal)\ **Post date:** [April 28, 2021, 4:06pm UTC](https://gov.near.org/t/approved-nxm-bounty-dao-funding-request/1419/5 "2021-04-28T16:06:45Z")
Looking fwd to that! The more the merrier!