Summary
Creator contests, largely inspired by prophouse, are an initiative in incentivizing community creatives, builders, and artists with retroactive rewards. Every 1-2 weeks, SharkDAO will run a contest in which participants will compete for ETH / ERC-20 / ERC-721 rewards. Whereas prophouse is designed to award grants for standalone projects, creator contests serve as a means to retroactively reward members for smaller contributions which are internal to SharkDAO and NounsDAO.
Motivations
- Incentivize creatives/artists/builders with voting power or other rewards
- Offer path to membership via proof of work which may otherwise be unattainable
- Looking forward, it’s possible that SharkDAO membership costs (pfp / token) could price out constructive community members. Contests could be utilized to allow individuals to gain access by winning contests.
- Attract more creatives to the ecosystem
- Cementing ourselves as a place that actively incentivizes and rewards artists/builders/creatives will attract more creatives to the space and greatly benefit NounsDAO and SharkDAO.
- Gamify collaboration amongst community members
- With various tunable contest parameters, SharkDAO leaders can create scenarios that incentivize participants to collaborate. This could surface as the creation of new community projects, proposals, and efforts.
- Curate excellent contributions
- For example, Art Reef and NounsDAO curators can hand pick submissions from Nounish art contests to feature in other products or help develop into projects of their own
- Increase governance participation
- Theoretically, incentivising creators and ushering them into ongoing projects will, as a byproduct, turn them into thoughtful/honest governance participants if they aren’t already.
Example Use Case
- SharkDAO creates a contest with a duration of 1 week and a reward pool of 100,000 $SHARK. SharkDAO defines winners as the 3 submissions that receive the most votes. 60% goes to 1st place, 30% to 2nd, and 10% to 3rd.
- SharkDAO creates prompts for the contest. Examples of possibly interesting prompts include novel nounish artwork, Nouns lore, jokes, memes, development work, etc.
- SharkDAO starts the contest.
- Submittors visit the contest and post their submissions to prompts.
- Submission period ends.
- Voting period begins.