$RARI at the moment doesn’t serve any purpose for most of the community. Most artists are not interested in governance, and there is no dashboard to vote weekly on featured pieces with $RARI (as is outlined in the introductory medium post). Even if weekly featured voting was implemented, I still think the problem I will outline in this post is not fully addressed by just featuring a small set of NFTs weekly.
$RARI could be used to solve an issue many artists face, and through this mechanism $RARI could be taken back to the treasury and either burned or redistributed in some way.
Here’s the problem: A lot of artists/collectors get drowned out by the many NFTs being created every minute.
Their pieces end up getting buried by a bunch of new NFTs, so what a lot of artists/collectors do is cancel their sales and then resell again to put their NFT back up to the top of the page so everyone can see it. Even after this, their pieces will still get buried pretty quickly by new NFTs and they will have to waste more and more gas to keep resurfacing their pieces.
What if users could pay in $RARI to boost/feature their token to stay within the top ~30 tokens (or on a seperate and collapsable menu/row) for a certain amount of time?
The more $RARI you pay, the higher up it stays or the longer it gets featured. We could also have only a limited amount of featured slots, and then the amount of $RARI used to be featured would work like ethereum gas prices: a natural auction of everyone one-upping each other until they find the price too high, and decide to hold off until later.
This would add a lot of incentives to buy and use $RARI, and the $RARI given back to the treasury could be used to airdrop or burn which would decrease the supply (and in theory increase the price).
What do you all think?