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Created July 6, 2022 17:35
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Project Name: Arthouse (github)

Author Name: Tomiwa

Number of OP tokens requested: 50,000

L2 Recipient Address: 0x27F7e8d7C63C414Eae2BB07E1a9B9057a1D382cf

Relevant Usage Metrics: (TVL, transactions, volume, unique addresses, etc.)

~0. Arthouse ( recently launched. However, see our other Proposal for Atila to get a sense of the traffic our main domain ( gets. (6,000 monthly active users)

Optimism alignment (up to 200-word explanation):

Arthouse makes it easy to create, buy and sell NFTs. Arthouse currently doesn’t support Optimism and there is a lack of NFT applications on Optimism. Having a great NFT application is important for growing the NFT ecosystem because we believe that NFTs are going to be the best consumer application for onboarding millions of people unto crypto.

We will be specifically targeting students with our NFT marketplace. This proposal is especially important because there are no projects on Optimism specifically trying to onboard students unto the crypto ecosystem.

We believe that students are the ideal target market for cryptocurrencies because:

  • Lower switching costs to onboard personal finances to crypto:

  • The don’t have strong ties to existing financial ecosystem

  • More receptive to new technologies

  • More connected and active social networks means things spread faster

Proposal for token distribution (under 1000 words): How will the OP tokens be distributed?

30% development work: adding support for Optimism chain to NFT marketplace and creating ERC-721 smart contracts on Optimism.

30% marketing and promotion work: give workshops to students and student developers about topics they will find interesting. Mention that Optimism is one of the sponsors.

40% grants and bounties: give grants and bounty prizes for the best NFTs made on Optimism

Some ideas include:

  • $500 scholarship to any arts student that makes a cool solarpunk themed NFT

  • $1000 scholarship to any science student that tokenizes their research thesis as an NFT

How will this distribution incentivize usage and liquidity on Optimism? Why will the incentivized users and liquidity remain after incentives dry up?

Currently, there isn’t much to actually do on Optimism. As we said earlier, NFTs will be the first consumer application for crypto because it finally allows people to trade digital goods. Trading and collecting is an activity that has existed since the beginning of humanity and creates organic demand for activity on Optimism.

Over what period of time will the tokens be distributed?

6 months

Has your project previously received an OP token grant? If yes, what’s the status of these tokens?

No. However, we have submitted a similar proposal for funding scholarships and grants on Optimism: ​ [DRAFT] [GF: Phase 1 Proposal] Atila

How much will your project match in co-incentives?


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