Make Stargaze the Sponsor of Game of NFTs Phase 2 Hackathon

Summary

This proposal is requesting approval to allocate USD $50k in $STAR from the Stargaze Community Pool to make Stargaze the sponsor of the Game of NFTs (GoN) Phase 2 Hackathon and cover the prizes for Stargaze Challenge winners.

Background

The Game of NFTs is a two-phase interchain event that intends to thoroughly test out the underlying Interchain NFTs (ICS-721) technology through incentivized testing (phase 1), and build vanward dApps/projects on top of it through a hackathon (phase 2). Game of NFTs event site: https://interchainnfts.dev/gon/

This is a joint effort by the Interchain Foundation, Cosmos Hub, IRISnet, Stargaze, Juno, OmniFlix, Uptick, and many other talented teams across the ecosystem.

Phase 1 of GoN is live from March 1st and participants are now testing the Interchain NFTs technology across IRISnet, Stargaze, Juno, OmniFlix and Uptick testnets and competing for rewards funded by the Cosmos Hub community pool.

In addition to testing, we believe ecosystem building with more use cases and applications is critical. Therefore, a multi-chain hackathon is planned after phase 1, where participants are able to approach Interchain NFTs, build on top of it, communicate their ideas, win rewards, and connect with teams and institutions in and beyond Cosmos, such as Amazon Web Services, HashKey Capital and IDG Capital.

For this reason, we're bringing up this proposal to discuss the Stargaze-sponsored challenge in GoN Phase 2 Hackathon.

Proposal Details

This proposal is requesting USD $50k in STAR from the Stargaze Community Pool to cover the prizes of the GoN Phase 2 Hackathon Stargaze challenge.

As a sponsor of the GoN Phase 2 Hackathon, Stargaze will be able to own a dedicated track and name a challenge, discover projects, select and reward winners. This will bring new and more innovative NFT and IBC NFT dApps/projects into the ecosystem, fund talented developers and builders, and benefit the community with brighter cross-chain NFT future.

The prize pool of Stargaze challenge will be:

1st Place: $25k in STAR
2nd Place: $15k in STAR
3rd Place: $10k in STAR

*The STAR amount will be calculated using the 7-day average closing prices on CoinMarketCap before the proposal submission date.

Judges of Stargaze challenge will be:

humanalgorithm
……

*Stargaze is able to decide and invite judges of the challenge freely.

Judges will award prizes only in case the submissions are of high quality and meet all the criteria outlined in the challenges, and any surplus will be returned to the community pool.

There will be a multisig committee which is assigned to distribute the tokens to the winners.

In addition to prizes, hackers are able to get support from technology learning, project creation, to business model building and more through

Workshops/Videos from top NFT experts
Industry and business insights from mentors
Direct connection chance with venture capitals to introduce projects/teams
Extra cloud resource credits chances
……

To help you better understand Interchain NFTs and the Game of NFTs, we listed some useful links.