Bootstrapped by SharkDAO, creator contests are a experiment in creating incentive systems for community creatives via retroactive rewards. The platform allows DAO leaders to run contests in which community members can create submissions in response to prompts and vote on their favorites. At the end of a contest, votes are tallied and rewards are disbursed to winning submitters and voters. We just launched and started running our first contests. You can find them here: creator contests
For SharkDAO, we hope that Creator Contests will be a tool to increase collaboration, foster creativity, assist in curation, and help with onboarding. Depending on the setup, contests can be run in open rounds that allow prospective members to earn membership via proof of work. For Nouns, we see contests being a useful application for twitter spaces contests, community engagement, and onboarding. We believe that contest submissions will act as a jumping off point for new ideas and proposals in Nouns & SharkDAO.
Flexible parameters allow contest creators to experiment with unique community incentive systems. Here are a few of the custom params that we support:
- Contest duration
- Winning submissions (1st place, 2nd place, etc.)
- Submitter rewards (eth / erc20 / erc721)
- Wining voters (voters that accurately choose nth place submission will split xyz reward)
- Voter Rewards (eth / erc20)
- Submitter restrictions (token threshold or discord role based)
- Voter restrictions (token threshold or discord role based)
- Voting strategy (token or arcade – uniform voting credits for all qualifying participants)
- Contest hard cap (limit # of useable voting credits across a contest)
- Submission hard cap (limit # of useable voting credits on a single submission)
- Prompts
- Anonymous submissions (on / off)
- Vote visibility during voting period (on / off)
- Self voting (on / off)
How will the funds be used?
We will use the funds to market, further develop, and begin to scale creator contests as an ethereum public good. A large portion will go towards developing the smart contracts required to truly scale contests. This involves development work and costs for getting audited by trusted organizations.
How is this different from Prop House?
While Prop House is a tool to award grants on a ranging scale to Nounish builders and creators, Creator Contests are not quite as serious. Rather than funding early / pre-idea stage ideas with grants, we are focused more on awarding small sum retroactive rewards to community creatives for much smaller contributions. Said in a different way, we hope that submissions surfaced from Creator Contests can snowball and develop into proposals which make their way onto Prop House and Nouns. At SharkDAO, we will use both creator contests and prop house.
Requested Transactions:
8 ETH to 0xa943e039B1Ce670873ccCd4024AB959082FC6Dd8