The AUDIO GRANTS (AG) pilot program has taught a great deal to its genesis Committee (AGC) over the past three months. Throughout this period, the AGC has mobilized a motivated group of creators to run operations and communication around a new web3 program. We are proud of what our team has accomplished in this initial trial period and strive to continue to learn and grow as we move forward. In the last month of the pilot, we have revised our structure, incorporating our learnings as a team and with community feedback.
We approach you today with a revised setup and highlights to date. The Committee appreciates your time and patience throughout the initial pilot.
Over the past three months, the AGC has allocated almost half of its initial pilot amount to artists in the Audius ecosystem. We would now like to extend the program through the year (ending DEC 31 2021), incorporating a re-configured team built entirely from community elections.
The AGC safe (Gnosis Safe) currently holds 50,757.002 AUDIO.
The pilot program granted 41,824 Audio to unique artists & initiatives over its 3 months of operations.
IRL art x MOCA show - Crypto native event promoting the intersection of music and web3, including live performance, NFTs and Audius education.
https://www.irlunderground.com/ - 2500 $AUDIO
Disclosure - Ongoing weekly remix competition for one month, hosted on Audius platform as part of the #MarketMonday series on Twitch (40k subs) - 1000 $AUDIO
Godfrey Meyer - VR music video involving prominent artists and digital creators spotlighting Audius - 2500 $AUDIO
SenjienZ - Audius party bot development in the Audius Discord
https://twitter.com/SenjienZ/status/1421111777551548417?s=20 - 2500 $AUDIO
Illexotic - Remix competition for a track off their new album, premiered on the Audius Discord with SenjienZ’s party bot - 350 $AUDIO
BRUX - Remix competition for a new EP on Deadbeats(Audius Gold Tier member), hosted on Audius - 2500 $AUDIO
Atlantis Worlds - Integrating Audius into the metaverse of Atlantis Worlds, a new digital space still in development. - https://atlantisworld.io/- 2500 $AUDIO
This is only a small selection from the pool of approved grant applicants. For a more comprehensive list, please visit the AGC Twitter.
During the pilot, each Committee member naturally gravitated to a role they felt best utilized their skill sets. Each of these positions have proven essential to running the program, detailed as follows:
Metsa: Overseeing internal operations, ensuring that decisions and signatures on incoming grants are made in a timely manner.
Maxwell: Assisting metsa in overseeing internal ops, encouraging engagement on grant recipients’ initiatives in the Audius Discord, working with community event hosts to provide AUDIO rewards to contest winners
Verite: External Communications Lead, managing the AGC’s public voice on social media
PLS&TY: Social & Marketing Lead, ensuring Twitter is up to date, setting up AMAs.
Pat Lok: A&R Lead, overseeing outreach and onboarding of higher profile artists, driving exposure and traffic to AG program via their communities
Camoufly: Internal Strategy & valued contributor to discussions
Houses: Development, integration of internal operations with Airtable / Discord / Gnosis.
Galazy, StormwavZ: Moderators/Veto Board. Closely evaluating all incoming applications and offering insight on their potential impacts, vetoing grants if necessary.
In addition to those listed above, the remaining members of the committee fulfilled their duties by discussing, voting on, and signing off on proposals in a timely manner:
In exchange for acting as members of this committee, each of the above 15 members received a tiered amount of $AUDIO based on their role and participation. This amounted to a total of 3750 $AUDIO distributed per month, and would total to 11,250 $AUDIO over the extension should it be approved in the same manner.
Looking ahead, we’d like to ensure that the community has complete control over the lineup of this committee. Starting this next term, we will be transitioning to an application process, where all committee members who wish to serve for the proposed extension will need to complete a form and be judged by the community, including those involved with the three-month pilot. Our goal is to have a newly elected committee prepared to begin operations by the end of this month. Our flow for achieving this would be as follows:
Phase 1 (we are here): Initial proposal is released, decision regarding whether or not the AUDIO Grants Committee continues under the terms of this proposal is made by the community via Snapshot within one week of this being posted on the governance forum.
Phase 2: Should this proposal be accepted, we will release a form where community members can apply to serve on the AUDIO Grants Committee for the proposed period of time. All non-personal information contained in each application will be shared with the public, and every community member will be eligible to apply so long as they are in good standing with the Audius community (have not been banned from Audius’s Discord, Reddit, or Telegram communities, as well as this governance forum). The deadline for applications should be within the third full week of September (19th - 25th).
Phase 3: All applications will be shared with the community on the governance forum for discussion, and community voting will initiate for the proposed roles of the new committee. For each election, the community will vote between each applicant as well as a “no confidence” vote; should the latter be the majority pick, a new set of applicants will be asked to apply for the position in question and a second vote would take place. Unless a “no confidence” majority is reached for a proposed position, voting would end and the lineup of the newly elected committee would be announced during the last week of September (26th - 2nd).
Regardless of whether they are voted to continue through the extension, current committee members will be obligated to aid the newly-voted panel through their first two weeks of operations. This process of “handing over the torch” will not entail any $AUDIO payment.
The pilot program has proven to us, as well as to all of our grant recipients, that $AUDIO can be an unprecedented driving force in propelling artist communities and initiatives forward. It can massively boost momentum in the careers of independent creators, while also introducing them to the potential behind web3 technology. As Audius continues to inspire and empower artists around the world, we believe the AUDIO Grants Committee is a perfect avenue for augmenting creators’ endeavors and rewarding their fans.
Grant the right to distribute the remaining ~50k AUDIO tokens in the committee multisig found at 0xeABCcd75dA6c021c7553dB4A74CACC958812432A.
The committee is responsible for overseeing the distribution of monthly rewards to members and the ongoing allocation of AUDIO to grant recipients.
Any unused AUDIO that remains at the end of the extension should be returned to the community treasury, but only if the program is not extended after the next 3 month period.
- Provides artists with a more granular way to earn AUDIO for one-off campaigns
- Empowers key contributors to seed the community with AUDIO rewards
- Creates a funnel for creative experiments to be rewarded in real time, without having to go through on-chain governance
- High degree of trust to grant recipients.
- Multiple committee members may be new to overseeing a grants program and governing large sums of tokens. Tokens distributed to community grants are not subject to any vesting.
Voting on the continuation of the committee is tentatively planned to occur via Snapshot, a web3 governance protocol. Snapshot will allow community members to place one vote either in favor or against this proposal so long as they hold $AUDIO in a Metamask wallet. No transaction fees are required to vote (only a signature), and the amount of $AUDIO you hold will not affect the amount of votes you receive. The voting period should last approximately five days.
If voted yes, the program will move into community elections to bring in new members for the next term (until Dec 31 2021). If they wish to continue their duties, members of the committee’s pilot program will need to reapply and be considered alongside the community.
If voted no, the committee will cease to exist in its entirety.
Yes - Continue the AGC program.
No - Do not continue the AGC program.
Before voting goes live, we welcome feedback from the forum regarding any aspect of this proposal. Please provide your thoughts below.