The Yellow Collective on Base
The Yellow Collective is an onchain culture club on Base, dedicated to supporting & empowering artists & creatives on the Superchain. Daily “Collective Nouns” Auctions + more info @ https://yellowcollective.xyz
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YM Yellow fam!
@netnose and I have a proposal currently before the Collective and we’ve received some feedback that we wanted to address (prop is linked below.)
Some of these concerns are coming to us for the first time onchain, which is unfortunate, but we wanted to address them nonetheless.
What This Proposal Actually Does:
This is about expanding NEONCHAIN Summer, which already (in its current form) will put over $10,000 directly into the hands of artists who otherwise have almost no opportunities to earn onchain. With support from Yellow, we can add 6 more artists — with at least 2 slots guaranteed for Yellow Collective members, chosen with community input.
The sponsorship element (Yellow logos and branding in app and in all communications is really just an added bonus and something we are doing as a thank you for everyone involved in making this happen.
The implication that the ETH would not be going to fund artists is a bit odd to me and seems misdirected. Of course it will. Perhaps some are forgetting that I ran artist mints and collabs for Yellow for more than a year out of passion alone and helped them earn over 20 ETH in zora rewards, while also earning Yellow enough to operate for that entire time period without ever touching the auction treasury at all. I care deeply about helping creators get paid for their creativity, and so does Netnose. BETRMINT is an app in service of that goal, and so far it’s been working pretty well, as we have already paid out over 10 ETH to our featured creators in 3 months since launch. Not sure any other app, protocol or project has been returning those kinds of numbers for creators anywhere.
For Anyone Unfamiliar With BETRMINT
3 times a week, we takes a piece of minted content and feature it in our mini app with a prize pool of Base tokens. People show up and collect the content and then spin a wheel to potentially win bonus tokens back. Demand is sky high, with our $1500 prize pools usually getting fully claimed in 15 minutes or less, and driving 600-800 mints for the creators in that time. It’s proven to be a very effective distribution engine.
On Previous Funding
It was mentioned that I was previously funded by Yellow alongside Jack, which is true. I personally don’t think that should preclude a proposal for a completely separate and unrelated initiative. We have been working on the deliverables from that proposal steadily, with updates, and have already shipped some pieces — sponsor message is live on the most recent ZEROPOD for example, and we did the community-consultation / vote process to identify the subjects for our profiles. Jack has already been working with Brett on the first profile and we’ve both been working on the “What is Yellow” video, which should be ready for release next week.
Importantly, I want to specifically address Satori’s allegation that I am “using Yellow as a slush fund for my other projects.” I usually try to deal with civility on these types of matters but since that respect hasn’t been afforded to me, I will just be equally blunt:
Anyone can propose to Yellow. And I would love more people to do so. Where are all the proposals?
The treasury is meant to be spent for the betterment of artists and creators, the founders made that very clear when we started it. And yet aside from all of the work that I and the other founders like @brettdrawsstuff and @symbiotech have personally done to drive initiatives and collaborations, with a couple other notable exceptions, nothing would have ever been funded or done by this collective at all. So I would personally prefer to see less armchair quarterbacking and more actually doing something in the service of the collective mission.
As for this specific proposal, it’s a 1 ETH ask. Very modest. The initiative will go ahead with or without assistance from Yellow, but as a founding member I would be sad for us to miss an opportunity to actually use the treasury to support creators, the thing it was designed to do.
Vote your conscience of course, but I think I have given enough passion, time and effort to this collective to deserve a little more benefit of the doubt and some trust that I wouldn’t bring forward a proposal that I didn’t think was worthy of our mission.
Cheers
Link to prop:
https://nouns.build/dao/base/0x220e41499cf4d93a3629a5509410cbf9e6e0b109/vote/14?tab=votes 10 replies
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