cosmos

Prop 717: Make Cosmos Hub the Sponsor of Game of NFTs Phase 2 Hackathon

Make Cosmos Hub the Sponsor of Game of NFTs Phase 2 Hackathon

This proposal is requesting approval to allocate 4,500 ATOM (~$50,000) from the Community Pool to make Cosmos Hub the sponsor of the Game of NFTs (GoN) Phase 2 Hackathon and cover the prizes for Interchain Challenge winners.

Benefits to the Hub

As a primary sponsor of the GoN Phase 2 Hackathon, the Cosmos Hub will be able to define a dedicated challenge, discover projects, select and reward winners.

For the Hub's track, it would be exciting to see something built that combines Interchain NFTs with Interchain Security and maximizes the capability of IBC. Some rough ideas are as follows:

  • Build NFT consumer chains
  • Build NFT dApps on a consumer chain
  • Build Interchain NFT use cases across consumer chains

We are hopeful that the hundreds of participants, the creativity and talent of the community, and the lucrative rewards for winners will result in opportunities that help grow Phase 2 submissions into viable products that add value to the ATOM economic zone.

If governance approves this sponsorship, the Cosmos Hub core team will support the hackathon by assisting with the formation of the challenge, and providing a judge and developer support (in relation to using Replicated Security).

Reward Details

The prize pool of Cosmos Hub challenge will be:

  • 1st Place: 2,750 ATOM
  • 2nd Place: 1,250 ATOM
  • 3rd Place: 500 ATOM

If this proposal passes, there will be a Cosmos Hub judge team which will award prizes in accordance with criteria outlined in the challenge. Any surplus will be returned to the community pool.

Multisig Committee is:

  • Haifeng Xi | Co-founder, Bianjie
  • Dayakar Reddy | Founder, OmniFlix Network
  • Jeffrey Hu | Tech Lead, HashKey Capital

Multisig address: cosmos1zgzegs68vwedup5ujsp67azhfgkcl8838k0u8g

Full details: https://forum.cosmos.network/t/proposal-draft-make-cosmos-hub-the-sponsor-of-game-of-nfts-phase-2-hackathon/10218