Project title: Inverse Space:
One-liner: An artist-owned and curated NFT gallery.
Project DAO: inversespace.sputnikdao.near
Challenge area: the arts.sputnikdao.near mission: cryptoartist community growth initiatives
Repo: GitHub - InverseSpace/inversespace-near: inverse.space nft market on NEAR
- Max Jackson (mxjxn.near)
Inverse.space aims to be a cooperatively owned and curated gallery.
Current open NFT marketplaces do not incentivize artists to submit high quality work. A community-curated platform introduces a layer of healthy competition. A community owned platform rewards all participants, even if their artworks dont always sell. Allowing artists to curate the gallery for themselves provides a sense of ownership you dont get on other markets.
This unique mechanic would incentivize artists to join NEAR and submit their artwork. The rising popularity of artworks within the gallery will be a focal point for collectors.
Becoming a member
Artists should be able to submit their artwork to inverse.space and receive a basic membership token and a few curation tokens. Those curation tokens will be used to pick your current favorites in the submission pool and are used as a voting mechanism for weighting the distribution of the gallery fees for any sales.
minting and sales via mintbase
Inverse.space should be built on top of mintbase for the initial split, royalties, and general compatibility. The initial sale will be split between the creator and a gallery fee to inverse.space. All further royalties go to the creator(s).
Membership, and voting
Submission of your first NFT earns you a basic membership token which entitles you to a number of curation credits. Those are to be used as favorites you can pick from current submissions.
Member picks should be used as a quadratic voting tool to weight the distribution of gallery fees to membership tokens.
By using quadratic voting, the gallery fee distribution cannot be single-handedly dictated by one artist with a lot of membership tokens. As a result it is more egalitarian and does not encourage manipulation via curation tokens.
The exact ratio and distribution of membership tokens per sale is not decided on yet.
Cashing out membership
Membership tokens may be redeemed for their proportional value of the current holdings of the gallery.
Distribution of Platform Fees to Membership tokens
Any fees from sales generate a proportional amount of membership tokens. Those tokens are distributed to the selling artist, to current artists in the gallery based on curation scores, and to the dev fund.
Create a vr gallery for a mintbase contract
description: Using A-Frame, mintbase.js and next.js, make a 3D gallery single-page-app.
Mint from InverseSpace collection
Enable other wallets to mint to the inversespace collection with a predetermined gallery-fee split. Allow collaborative minting (multiple beneficiaries of initial and royalty) with the gallery fee split.
Membership Token + Curation credits
A non-transferrable membership token which entitles you to a number of curation credits (votes for what is best).
artist gallery view
A second gallery page for an artist’s current submissions and curated picks.
curation-based distribution of sales via membership tokens
curation should act as voting for weighting the distribution of membership tokens upon gallery sales. A base percentage (perhaps around 50%?) should always go to the selling artist regardless of their curation score. I dont yet know how this is going to be accomplished, and presume the hackathon will be an exploratory phase for ways of integrating the token and building a distribution mechanic.