NFT Workgroup (NFT WG) February Progress Report
Executive Summary:
February was a standout month for the Near NFT Workgroup, marked by successful project completions, strategic initiatives, and community engagement.
Project Highlights:
Some highlights from the projects funded by NFT WG in February:
- NFT Club:
The NFT Club has dedicated itself to empowering the community with knowledge, hosting educational workshops, and increasing NFT awareness. Their efforts in educating both current and prospective NEAR users have been commendable. You can find a comprehensive report here: [Report] [February] NFT Club - Educational Hub
- Nearverse Labs – Dropcast:
Dropcast, the Allowlist Management Platform, is now fully operational. It is an Allowlist Management Platform, Dropcast provides users with an easy way to discover new NFT/Meme-coin projects and auto-submit wallets for allowlist allocation. For projects, it provides a way to collect and manage user wallets for NFT Mint easily. You can find a comprehensive report here:[Report] Allowlist Management Platform on BOS : Dropcast
- Near Tinker Union: Pending
Core Contributors’ Impact:
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Krik: - Krik has driven initiatives to reach out and guide founders, content creators, etc., who are seeking funding. She has also been a bridge between the Near Foundation BD team, founders looking for support, and the NFT Working Group. Her guidance and feedback have played a crucial role in educating and guiding grassroots efforts. Report link: Krik's NFT WG February Council report
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Tej (aka Punter): Tej’s impact is multifaceted – aligning projects with our vision. His insights during proposal reviews, strategic management of the NFT WG website on BOS, and his knack for steering ideas in the right direction have been pivotal. Report link: [Report] NFT WG Core Contributor Report: Tej (aka Punter)
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Aescobar: Aescobar has taken the reins on social media and business development, pushing our presence far and wide. By fostering relationships and maintaining our social channels, they’ve kept our community in the loop and on the rise. Report link: https://gov.near.org/t/aescobar-nft-wg-core-contributor-february-report/38473
Technical Advisor: Web3Plug:
Web3Plug, as our technical advisor, has been instrumental in assessing the technical feasibility of projects. His expertise has been crucial in our decision-making process, particularly in rejecting proposals that didn’t meet our stringent criteria, ensuring that our resources are directed toward ventures with the most potential for impact.
Community Engagement and Socials:
Our social media presence has thrived, with Twitter engagement reflecting a strong and active community. Regular posts on NEAR social platforms, along with diligent monitoring of our Telegram and Discord channels, have kept our community well-informed and engaged. We currently stand at
Twitter: 2100 followers Telegram: 515 members Discord: 1006 Members
Financial Overview:
We have managed our finances prudently. The breakdown of budget and spending are as follows:
| TOTAL FUNDING | Fund (in USD) | Comment |
|---|---|---|
| Total Funding Allocation: | 12,000 | |
| Recieved Funds : | 10,945 | Price volatility impact |
| Lost: | 1,055 | |
| TEAM SALARIES | ||
| Salaries Funding Allocation: | 3000 | |
| Claimed Salaries: | 2800 | Punter and Krik claimed 1K each, whereas Aesco claimed 800 and Shot did not claim any remuneration. |
| FUNDING DISTRIBUTION | ||
| Total project funding allocation: | 8000 | |
| Distributed funds: | 8000 | As per approval |
| MARKETING | ||
| Total marketing allocation | 1000 | |
| Loss due to volatility | 810 | |
| Total spending | 100 | ETH Denver video |
| Overall spending: | 10900 | |
| Left over budget: | 45 |
Outreach and Builder Inclusion:
Looking ahead, we are excited to unveil a referral program designed to catalyze the growth of our builder community. Our outreach isn’t confined to the NEAR ecosystem; we are casting a wider net to attract builders from across the blockchain space. This program will reward referrals with NFTs or Near meme coins, aligning incentives with our expansion objectives. Introducing three funding tiers adds structure to our rewards system, ensuring it caters to a range of contributions. We will publish the details at the start of the next funding cycle. We’re fostering a holistic approach to project growth and development. are connecting teams to the NEAR Foundation BD team for support beyond our budget capabilities.
Final Thoughts:
Wrapping up the month, we’re doubling down on nurturing an NFT scene that’s as varied as it is inventive. With the NFT WG’s diligent oversight hands-on rollout of platforms like Dropcast, and supporting quality business development initiatives, we’re all in on forging a path for NEAR’s NFT ecosystem to set the standard for community-driven growth and technical excellence.