This is part of VN Artists Dao Monthly Funding Request
After several months of collaboration & hosting competitions, we realized:
- The conversion of money spent on rewards for bounty & competition is not as high as expected
- This kind of activity is not healthy for DAO fund
Hence, for August, there is no competition & the amount will be spent on bounty with smaller allocation of fund.
Previous proposal for competition & impacts was great, however this scheme of activity will be scaled down as follow:
Method: Quick draw challenge with weekly theme on TG and Instagram. Moderated by @Mer
For each week:
1st prize: $50
2nd prize: $30
3rd prize: $20
Costs: $100x4 = $400 for 4 weeks
- New followers on Instagram
- Strengthen the engagement of members
- New artwork from members to be submitted for the challenges
Actual impact on social media & numbers of artworks received will be reported back at the end of the month.