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Proposal: Isolating Collections on the Main Wilder World Contract
We propose to isolate 6 of the 7 NFT collections on the main WW NFT contract into separate collections.
These include Wilder Cribs, Wilder Crafts, Air Wild Season 0, Air Wild Season 1, Wilder Guild and WOW Poster 0. Wilder Wheels will retain the same contract address as well as legacy.
To enable proper DAO voting for all NFT industries.
To simplify browsing specific collections, easily compare like assets when collecting.
To enforce royalties through updated contracts, benefiting industry DAOs.
Easy identification of Genesis assets and collections for Trinity snapshots and future rewards.
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The mechanism will be to Burn and Swap by updating the current NFT JPEG to indicate the need for an upgrade. We will then use admin rights and the upgrade function in the contracts to burn existing NFTs and reissue them on new collection contracts
As a function of each industry DAO, the industry DAO would be responsible for covering the cost of the contract update. These funds would be removed once the contract updates are finalized.
PROS:
No action required from holders
Won't need to perform any transactions
Zero fees incurred by the community :diamond: Clean swap without any lingering NFTs or collections
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CONS:
Systems may not recognize new NFTs without adjustments (3rd party staking)
Requires coordination with the community and 3rd party systems
Potential unforeseen effects
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Enacting this proposal will be required to enact DAO voting. Therefore, we will be running this vote as a Discord Poll. The option that has the most votes by the end of the voting period will win. This is a widespread community vote, as this will greatly impact the project as whole as well as the individual collections listed above.
To vote on this proposal head over to the Discord Polls Channel on June 1st.
Vote Poll Opens: June 1, 12 PM PDT.
Vote Poll Closes: June 10, 12 PM PDT
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On Tuesday May 30th 2023, Sunshine and Frank hosted a Contract Isolation Proposal Open Forum AMA with the Discord Community. Catch up with the recording here.
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What is the Proposal to Isolate Collections from the Main Wilder World NFT Contract about?
Wilder World originally consolidated the first seven NFT collections on the main Wilder World Contact Address. The proposal aims to isolate each individual collection on its own contract so that we can enact further functions of Industry DAOs and Collections.
The proposed isolation will take 6 of the 7 NFT collections from the main WW NFT contract and place them into separate individual contracts. Wilder Wheels will retain the original contract address and keep the legacy contract information and stats. The collections effected will include:
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Wilder Cribs, Wilder Crafts, Air Wild Season 0, Air Wild Season 1, Wilder Guild, WOW Poster 0
What collections will be impacted by this vote?
The collections affected will include: Wilder Cribs, Wilder Crafts, Air Wild Season 0, Air Wild Season 1, Wilder Guild, WOW Posters and the 7th NFT Collection, Wilder Wheels, will remain on the original legacy contract.
What are the Benefits of Isolating Collections?
1. Enable proper DAO voting for all NFT industries and allow specialized gated experiences to exist.
2. Simplify browsing specific collection on OS, easily compare like assets when collecting.
3. Enforce royalties through updated contracts, benefiting industry DAOs.
4. Easy to identify Genesis assets and collections for Trinity snapshots and future rewards
What are the options for voting?
Options for voting on this proposal will be a simple Y or N vote where Y= Yes and N = No. The vote will take place on Discord from June 1st - June 10th starting and ending at 12 PM PDT.
Why is this vote necessary?
Currently, we are unable to execute some of the intended DAO and Collection functionalities like creating specialized gated channels for just one collection or Industry. This will also be required to enact DAO Voting.
Isolating NFT collections in Wilder World will enhance functionality and support future developments to:
- Enable proper DAO voting for all NFT industries and allow specialized gated experiences to exist.
- Simplify browsing specific collection on OS, easily compare like assets when collecting.
- Enforce royalties through updated contracts, benefiting industry DAOs.
- Easy to identify Genesis assets and collections for Trinity snapshots and future rewards
Who is eligible to vote?
The entire Wilder Nation Community is encouraged to vote.
Where will the vote be held?
We will be running this vote on Discord in the Discord Polls Channel June 1 - June 10th 12 PM PDT.
The option that has the most votes by the end of the voting period will win. This is a widespread community vote, as this will greatly impact the entire WW project.
What is the voting time frame?
Important Dates for this vote include:
Announcement of proposal: May 25th, 2023
Vote Poll Opens - June 1 - 12 PM PDT
Vote Poll Closes - June 10 -12 PM PDT
Trading Freeze - TBD (possibly 24-48hrs)
Implementation Time Frame - TBD (requires feedback from devs)
How many NFTs would this impact?
We estimate that this update will impact roughly ~950 NFTs, some of which are owned by the community or DAO and some have not been purchased.
WOW Posters will be moved to the Guild Contract
Wilder Concept will be burned (as no one purchased them).
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How will this proposal, if enacted, impact my NFT?
During the execution phase, if your NFT is part of Wilder Cribs, Wilder Crafts, Air Wild Season 0, Air Wild Season 1, Wilder Guild, WOW Posters, your NFT will be impacted with a metadata update that will signal on your asset JPEG the changes being made including the trading freeze.
After the execution phase, if your NFT is part of Wilder Cribs, Wilder Crafts, Air Wild Season 0, Air Wild Season 1, Wilder Guild, WOW Posters, the trading history for these assets will be cleared. Trading history will essentially begin at 0 for your asset and the new collection.
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How will this update impact my transaction history on the blockchain?
After the execution phase, if your NFT is part of Wilder Cribs, Wilder Crafts, Air Wild Season 0, Air Wild Season 1, Wilder Guild, WOW Posters, the trading history for these assets will be cleared. Trading history will essentially begin at 0 for your asset and the new collection.
What will happen to previously flagged NFTs on OS?
We are currently scraping the blockchain to understand how many NFTs are currently flagged. We will communicate flagged assets to OpenSea, however, this will ultimately be up to OS to re-flag reissued NFTs.
What will happen to NFTs being staked or used on 3rd Party Services? (ie: lending, staking, etc)
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We are currently scraping the blockchain to understand how many NFTs are currently being lent or staked on 3rd party platforms. We highly advise Wilders to unstake and reclaim NFTs into the owner wallet where you’d like to receive your new token. We encourage you to avoid the use of 3rd party services during the execution process.
What is the cost of the isolation process and who will pay for this?
We estimate this project could cost around ~$50K (~$20K for on-chain fees and ~$30K in development). The Wheels Industry DAO will be covering the costs of these updates.
What is the process for submitting queries for customer support regarding a specific NFT?
Please open up a support ticket in Discord in the Wilder World Customer Support channel. Click the “WilderWorld” tag to open your ticket and our Community Team can support you from there.
Here is a quick link to that channel in Discord → Channel Link: https://discord.gg/wilderworld
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Last modified 7h ago