Fuelarts x BitBasel | The Artists & Collectors Polkadot Hub to onboard 2000+ new & engaged users, 300+ projects and 10K+ transactions
Beneficiary:Summary: Fuelarts and BitBasel have refined their previous proposal for Polkadot, integrating community feedback to address the ecosystem's needs. We propose a structured 6-month educational program bridging artists, collectors and brands in the NFT 2.0 space. Building on Polkadot's significant 2024 growth — where transactions tripled and NFT minting set records — the milestone-based proposal fosters supply and demand plus a revenue-sharing model back to the treasury. This strategy enhances sustainability and transparency, aiming to develop a thriving community of artists and collectors, and solidify a leadership role for Polkadot within this $1.7 Trillion Asset Class.
A discussion document has been posted ahead of the treasury proposal submission.
Tl;dr Amount requested: $316K USDT
The project was presented on AAG #216 on March 20 (video starts at the presentation segment):
Click here to view the Pitch Deck
Click here to view the Full Description
Click here to view the Project's Breakdown
Click here to view the Targeted KPIs
Polkadot has built an exceptional blockchain infrastructure — but adoption depends on engagement. Now comes the real challenge — activating both supply and demand. We need artists, collectors, brands and investors to engage with the ecosystem. This initiative closes the gap, equipping artists and collectors with the tools to bring NFT 2.0 to life.
We invite you to review our proposal, collaborate with us, and be part of shaping the future of creative technology on Polkadot.
Watch us live at AAG sessions in the coming weeks and ask your questions in real time! Thank you.
Denis, Fuelarts / Scott, BitBasel
Comments (8)
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Comments (8)
Dear Proposer,
Thank you for your proposal. Our first vote on this proposal is NAY.
The Medium Spender track requires 50% quorum and simple majority of non-abstain voters according to our voting policy. This proposal has received zero aye and six nay votes from ten members, with two members abstaining. Below is a summary of our members' comments:
Voters expressed significant skepticism about a proposal related to the NFT market within Polkadot. Concerns included a lack of strategic direction in the art space, doubts about the potential return on investment, and the disproportionate allocation of the budget toward management and supervision. Some voters suggested that the focus should shift towards building a stronger artist community and engaging with existing networks, rather than committing substantial funds at this stage. Overall, many felt that the current approach lacked the necessary structure and clarity for success.
The full discussion can be found in our internal voting.
Kind regards,
Permanence DAO
Lucky Friday would like to provide the following feedback from our team members. We have been specifically solicited to provide feedback on this particular referendum, collectively offering it and hope that it will help the proposer(s) of this referendum moving forward. As noted before, our team collectively landed on a NAY outcome.
While some team members were offered positive comments about the team and the idea, the majority of the team did not see the ROI or value proposition, especially when considering the state of NFTs in the Polkadot ecosystem.
Lucky Friday votes as a collective based on the results of our internal voting procedures and enacted on chain via the OpenGov server bot. No single team member is required to provide any feedback about why he or she has voted in a particular direction, although it is highly encouraged and happens often. With respect to our team members' right to anonymity and the private format in which we conduct our votes, we will not be sharing the names of individuals who have chosen to provide said feedback.
We encourage all members of the Polkadot community to join our OpenGov Public Forum on Telegram, and we respectfully ask that all proponents of referenda interact with us here for the sake of transparency: https://t.me/+559tyPSfmGg0NzUx
Dear Proposer,
Thank you for your proposal. Our first vote on this proposal is NAY.
The Medium Spender track requires 50% quorum and simple majority of non-abstain voters according to our voting policy. This proposal has received zero aye and six nay votes from ten members, with two members abstaining. Below is a summary of our members' comments:
The full discussion can be found in our internal voting.
Kind regards,
Permanence DAO
Lucky Friday would like to provide the following feedback from our team members. We have been specifically solicited to provide feedback on this particular referendum, collectively offering it and hope that it will help the proposer(s) of this referendum moving forward. As noted before, our team collectively landed on a NAY outcome.
While some team members were offered positive comments about the team and the idea, the majority of the team did not see the ROI or value proposition, especially when considering the state of NFTs in the Polkadot ecosystem.
Lucky Friday votes as a collective based on the results of our internal voting procedures and enacted on chain via the OpenGov server bot. No single team member is required to provide any feedback about why he or she has voted in a particular direction, although it is highly encouraged and happens often. With respect to our team members' right to anonymity and the private format in which we conduct our votes, we will not be sharing the names of individuals who have chosen to provide said feedback.
We encourage all members of the Polkadot community to join our OpenGov Public Forum on Telegram, and we respectfully ask that all proponents of referenda interact with us here for the sake of transparency: https://t.me/+559tyPSfmGg0NzUx