[PROPOSAL] Huddln Content Staking

TLDR


The Huddln Protocol aims to provide monetization features for social networks/games/marketplaces.
A unique feature that is being developed is Content Staking. This features allows people to purchase temporary stakes in content which provides partial ownership of funds. This provides patrons with a vehicle to invest into content without the owner needing to auction/sell of their content.

This feature is unique and has an obvious route to success, it provides gamification and allows people to invest in content on marketplaces, currently the only way a creator can make money on these marketplaces is to sell their creations.

Huddln Social Network - The first NFT Powered Social Network - https://apps.apple.com/us/app/huddln/id1503825604

Problem / Opportunity

The problem currently is there are not many financial instruments for creators of content. There are many instruments in defi for investors and curators. The Huddln protocol aims to change this and empower creators on all platforms including gaming/social/marketplaces.

Funding Milestones and Payments

Milestones & payments:

  • Phase 1: Convert staking feature into RARI compatible system (primitives) & create payout logic and calculations. -25k July/Aug

  • Phase 2: Introduce NFT logic, stakes will be NFTs themselves so that the ownership of a stake can be moved to different owners. This also allows other financial instruments to be introduced that incorporate this stake object. Contracts will be highly reliant on a partner fee system, that will incentive other marketplaces to use the feature and showcase cross platform staking. - 25k Oct/Nov

Total payment: $50k USD, Nov 2021

Payments will be made to the following Ethereum address:
0x10FBe2060Ce56cF136806e557FC83A091d3Df46E

We consider ourselves independent contractors of the Rarible DAO and will report taxes accordingly. Forms W8-BEN and W9 will be filled out accordingly before funds get distributed to our team.

Use of funds

Funds will be used to hire contractors and to pay the current team.

Business Model

What is your business model? This is important if Rarible or the Rarible ecosystem will need to pay for your services after funding.

The business model is to extract fees from profits made. Feels will go to Huddln directly as a protocol provider as well as the owner of the content & any partners providing the feature.

Team Members

Contract Person: Joe Gonzalez
telegram:jgonzalez0886
email:josephgonzalez@huddln.io
Discord:Joe Gonzalez | Huddln#4695
Discord Server(Huddln): https://discord.gg/B4xdPJKB5U

Accountability

Our project will attend weekly community calls, and provide updates on our milestones as we make progress. In the event that we can’t fulfil our commitment, any available funds will be returned to Rarible DAO. We will also work with community members to ensure updates are distributed through the Rarible communication channels.

Why should Rarible DAO fund this?

We are providing more utility in the RARI ecosystem, and utility that is focused very specifically on creators.

Huddln is already creating the protocol to empower creators on social networks. We will proceed in our vision to create a sustainable web3 creator ecosystem. If we can move toward that journey with RARI holders it will only benefit the future of web3.

Useful Links & Media

App: The social network we are building -> Huddln Social Network - The first NFT Powered Social Network - https://apps.apple.com/us/app/huddln/id1503825604

This is the first network of its kind focused on content ownership for mobile creators, powered by the Huddln Protocol.

Website: https://Huddln.io

3 Likes

This is fantastic and that fact that you’ve been able to advance the product and vision this far as a small team speaks to the unseen discipline and execution (day in and day out) over the past 2 years. Well done. Just downloaded from App Store and setup my own account. Worked perfectly. I fully support this proposal.

3 Likes