Response and Proposal to Measure 3:
First and foremost, there should be an option included to allocate nothing. With that said, this may be a unique opportunity. Adhering with the mission of “We envisage that the purchase, sales and/or donations of specific works will be determined by a community-led curatorial board, and that purchase, listing, and sales procedures would be developed by the community”, this is my proposal: We can come together as a community and create something never done before. A community-led force that buys, sells, and manages art in an Algorand virtual collection/museum. Digital art has been something museums across the world have been investing heavily in. Digitalizing art has one of its biggest pros in accessibility, which is why many museums have digital galleries. The museum world would benefit greatly from blockchain technology, and this may be a good step into that niche. I can do more writeups about blockchain technology in the museum world, but I feel as though I’m losing focus.
The community can highlight interest with certain NFTs and community action can possibly be voted on (up for discussion). There can be funds allocated to digital gallery creation, metadata creation, community engagement, etc. Also, NFTs with utility can be a huge bonus to this Measure 3. There are NFTs from projects utilizing Algorand that have utility. CHIPs has faucet NFTs (and they are more than a casino–you can stake and earn without betting a dime) among other rakeback NFTs. This is Algorand’s first casino and it is doing quite well. Also, Day By Day launched and is developing the first insurance platform and asset management system utilizing Algorand. You will be able to mint NFT insurance policies (you already can) and own that policy. Anyone using that policy will pay you 20% of premiums. We can mint art protection NFTs and promote museums and art enthusiasts to opt in and insure their physical art. This can bridge between the museum/personal collections, insurance, and blockchain world–all while supporting Algorand projects. There are also environmental NFT projects that make real world differences like Crypto Trees. I’m sure there are many others, but these come to mind for me. Any income from utility NFTs can be voted on–distribute back to projects, spend on acquiring more art/NFTs, among many (probably better) option.
I think this measure has a lot of potential, and I think there needs to be a deeper discussion and a more refined mission in the wording of it. This has the potential to create a community that values art/NFTs, the displaying of it, bridging blockchain and museum world, helping aspiring creators, aiding museums, etc.