Roops! Thanks so much for your reply. No worries on the timeliness of your response, the vote is still live so more than happy to discuss, and will most likely continue to discuss post vote as we are for the community, by the community.
Thanks so much for saying that you see the value in the proposal. As for some previous responses, I will attempt to answer your questions and concerns point by point.
Will the monthly âTonight Showâ-like interview be live implementing some sort of Generative Adversarial Neural Network or something to produce something similar to deep fakes but with our doodles? So the interview will be streamed live. This would be an added trinket that can be utilized in mini project to add value to the community.
So this is something we have very much considered. Currently the interviews will be recorded and then hand animated by our animator, Jimmy. We have actually been in discussions with a team that could provide this kind of AR solution which would facilitate the potential for these kind of live interaction plus a higher output of content. Currently the initial cost to implement something like this was too high as we are very budget conscious for out pilot proposal. But this is very much something we intend to pursue over the next six months because we want to mirror the innovative spirit of Doodles.
Mind explaining the following items listed in the budget: âContingencyâ, âContracted Assetsâ and âPromo & Distributionâ?
No problem explaining these, great question. Contingency is 10% added on top of the total to account for anything we could not predict. While we were very thorough in our planning, what we are attempting to do is pretty unique so we wanted to make sure we werenât setting ourselves up for failure by not have any reserve capital. Contracted assets refers to any original artwork or digital media that will need to be created that we cannot create on our own. We want to make a point of utilizing community artists to help build our sets and lore pieces as well as artwork for merch and digital collectibles. Promo and distribution will cover the hard costs of doing promoted social media spots as well as the labor for social media management. We intend on posting our content on many web2 and web3 social media platforms so the work that goes into that takes time, clipping, formatting, copy, etcâŚ
Could you provide a list of advertisers that have reached out to you or you have reached out to that expressed interest in advertising on TGID?
We have not reached out to any advertisers nor have any advertisers reached out to us. In hindsight this is something I wish we would have devoted more resources to, but we felt it was not the right time as we didnât want to put the cart before the horse. Regardless, we as a team do have a well of social capital/goodwill and we have not monetized yet so we feel confident in our ability to leverage our networks to gains sponsorships.
I donât see the need for you to host spaces. We have JKB. We also have doods that self organize and host spaces themselves. Though I do acknowledge youâve got some great team members that can handle the task, I donât see the need. Mind explaining the value of your spaces compared to all the others? Which part of the budget accounts for that?
To be clear off the bat, there is not really a budget line for spaces as this is something Tony and I already do. We have hosted a weekly space for over 4 months. We actually recently went on JKB to discuss our proposal. We both agreed that we are providing a different kind of space, ours is news oriented and structured, and JKBâs is JKBđ. They are so unique, we love JKB. Both teams agree there is no competition and ultimately even if we drift towards offering similar spaces, we think with the expansion of doodles and the community, there is room for all at the table.
You stated you will provide a return to what was in the Doodlebank plus a bit extra. So why the halvening of the sponsorship revenue? If you are that confident in the self sustainability of TGID and providing back value to the Doodlebank, why not keep the 50% revenue share until the ROI is reached and keep it constant at 12.5%-25% onward? That way the community can see a long term commitment for TGID
Our internal goal is to donate back the full investment by the end of 2023. We felt the structured reduction of the Doodlebank donations would support the growth of TGID and ideally we would still be donating more and more each year to the Doodlebank. This accounts for our growth as well. It just seemed imprudent to promise to donate double digits of our profits in perpetuity as where we felt a single digit percentage would support our growth as well. We attempted to structure the TGID X Doodlebank relationship in a way that expressed our gratitude to the Doodlebank but that was ultimately symbiotic not parasitic.
A couple weeks ago a founder mentioned a re-structure of the Doodlebank to make it easier on proposals; possibly including a community council. Why not wait until that is implemented to make your proposal?
We were aware of the future restructuring and weighed out our options carefully. We believe that we knew the challenge we would face using the Doodlebank in its current format and believed we could rise to the challenge. We have been told by many, including some team members that this was the strongest proposal they had seen come through the Doodlebank. While we were flattered by this, we knew that in order to pass in its current form we would have to put out an incredibly strong proposal. Maybe we are a glutton for punishment but we were excited to get started ASAP and thought we would take our chances. Should we not succeed in passing this round we are prepared to reevaluate our approach and this is something we will consider heavily.
I, like Nes, am leaning towards the need for the proposal to be fractionalized and have further mini proposals be integrated as the community continue to see value in what you are providing. Itâs a big ask, and with royalty issues, weâve got to be smart with how we decide to utilize the doodlebank. Your responses will affect how I vote at this stage. Regardless, I am in full support of TGIDâs mission, but it we may need some refinement. So not necessarily the proposal.
We considered fractionalizing the proposal but wanted to avoid that at this stage because we thought the effectiveness of our approach is maximized in its current form. Additionally we did not want to appear as trying to finesse our way to quorum by proposing 3 x 20Eth proposals. We thought this might be disingenuous and slimy. But should our proposal should not succeed in its current form we will be looking at this approach and how we can implement it with integrity.
Alright Roops! hopefully I have answered some of your questions/concerns. At least I hope sođ If not, please reply back so we can continue the discussion! Thanks again, your participation in the voting process is vital, we appreciate it very much!
