BAYOR is still in the creation process. Currently, we have music producers, rappers, and singers in one telegram group chat, together with Graffiti DAO and VanDAO councils.
We have two options for the release:
- Via TenK:
- If we want to release it via TenK, we are going to need a variety of images representing different traits, same with music. This makes the project more challenging, as we’d like to release it with a 300 NFTs supply.
- Via DAOrecords AudioNFT launchpad - FonoRoot:
- FonoRoot is an upcoming DAOrecords AudioNFT launchpad, where supply adjusts to the demand. Every single purchase of the NFT is minting new copies, the owners of the first copies are able to get a profit share from future sales of new-minted NFTs. Also, by releasing it in FonoRoot, we will be able to do the staking with BAYOR songs. The challenging part here is the launch to the public of the FonoRoot, as the estimated timeline is planned for Q4 of 2022, therefore it may create a delay in the release, however, it’s more convenient for music release rather than TenK, as they are focusing mostly on pfp NFTs. Also, releasing it with DAOrecords will allow us to stick to the 5 artworks rather than 300 with different traits.
To sum up, Graffiti DAO is working on draft images representing BAYOR EP. We agreed that those will be trains with graffiti on them, as BAYOR will be in a Hip-Hop vibe mostly.
Rewards (locked in BeatDAO and VanDAO treasury) haven’t been paid to the artists yet, as we are still working on a common consensus with this project.
Also, rewards are going to be increased a little by BeatDAO and VanDAO in order to stick with a $100 payout to each artist for the studio costs and commission. Mastering costs are going to be covered by VanDAO.
Stay tuned, as updates will be delivered as usual.