Okay, so this is going to be a surprise podcast.
I decided I wanted to do this while I was preparing for a couple other podcasts.
And while that happened, I discovered that there are two new SIPs on the block.
SIP 7 and 8.
7 is for staking budget for landowners and 8 is for Paris City Jam.
I have not read through all of these yet so this will be the first time I read through
them.
But let's get after it.
So the scope of the talk today is going to be a review and analysis on the two newest
new SIPs that just released, 7 and 8.
And introductions, my name is Lancer.
I am president of MetaWorlds and podcast host for Sandow.
Sandow is a podcast about the sandbox DAO, DAO being Decentralized Autonomous Organization.
It's pretty much a community group centered around the sandbox game.
The sandbox is like a Minecraft meets the Sims meets Second Life.
And MetaWorlds, we are a studio.
We published two games so far.
Floor Droppers and Lava Defense.
And we're about to publish our third Portal run.
Or the Builder Challenge 2.
And I am heavily, heavily into the DAO because it's the cross section of my expertise as
a business person, entrepreneur.
I've been in government for a long time and I've been in contract negotiations and all
sorts of stuff in my professional life.
So I love what the DAO represents.
I love how the DAO comes together and operates and I want to grow with it.
I want to be a part of this.
So here I am.
I've been a podcast host a number of times for video games and sports stuff and all sorts
of things.
So yeah, that's me.
So disclaimer is I do not represent the sandbox game or the sandbox foundation.
I speak for myself as a SanFam community member.
I am not anyone's financial or legal advisor.
Nothing I say is to be taken as financial or legal advice.
That bit of administratively out of the way.
This is a slide I just put together.
The DAO scoreboard.
So I used to have a road to DAO and that kind of was a text version of this.
But here is the count so far.
So one sip is in draft on the forums.
That's sip X hasn't been numbered yet.
That's creator first by Cyril.
Cyril, I mean, apologize, Cyril.
He was featured in Sandow podcast.
I have my future episode.
Goodbye.
I accidentally removed it.
Sandow podcast three, I believe it was.
We did deep dive into the creator first sip.
There are two sips pending activation, meaning they've been submitted.
They are in between submitted and gone to community vote.
Those are the two that are just right now pending.
Let's call this activation.
So those are the two we'll be reviewing today.
One sip is currently open for voting, sip number six.
And good news is that it is reached a quorum.
A snapshot of it.
It reached a quorum.
So 31 of 30 million votes.
Congratulations again, Pepe, for Magic Palette.
And 99%, yes.
So less than 24 hours.
High percentage of that one is going to pass.
So great news there.
Five sips have closed.
Zero were not approved and five were approved.
So all five sips that closed were approved.
And I will have the Dow checkbook here done soonish, which is more of like an accounting
version of what's the budget, what's the expenses.
All right, let's get into it.
Sip seven and eight.
All right, sip seven, staking budget for landowners.
Just put that up here.
TLDR.
At the sandbox, we were used to reward our landowners with assets and sand based and
sand based on their involvement in the ecosystem.
As the community noted, the staking amount has been reduced a lot during the past months,
which deters a fraction of the community to hold their land and stake sand.
You're proposing to use a portion of the Dow's budget to increase the staking amount to better
reward the actual community.
Cool.
I have noticed that just like everyone else has, if you are either a landowner or you
are a regular staking pool person staking in the sandbox pools, you've noticed a sharp
decline in the past 12 months from what used to be.
I don't know, it was like double or triple what it was now.
It's just slowly declined month after month until now it's a fraction of what it used
to be.
So that's very true.
It is very true.
Why?
The Dow should focus on increasing sand and land value as this participates in the narrative
where landowners are key to our ecosystem.
We should reward the ones who are actively participating and staking is part of the equation.
Okay, that's a good why.
Go to how?
We are requiring a $750,000 sand total budget that will be spread till December 31, 2024
to add $750,000 sand to the total sand pool currently allocated for the staking by the
sandbox from the Dow staking treasury.
Okay, so they want to increase the current staking pool by $750,000 sand if I've interpreted
this correctly.
Alright, the win as long as this decision is approved the sandbox Dow will send the
total budget $750,000 sand to the sandbox treasury.
I think the wording there is off a little bit.
The treasury is where the money is now.
Tell when you go to the dashboard.
So this is the budget allocation here.
And this is the treasury 2024 budget 25 million sand.
So I'm thinking that what they want to do here is increase this $900,000 by $750,000.
Okay, $900,000 plus $750,000 is 1.6 million sand.
So I think that's what this is saying.
I think I'm actually not sure is this staking budget dedicated to the staking.
Okay, so that that probably does mean plus $900,000.
Where is the money coming from?
I don't know.
I don't know where this is coming from.
Maybe it's coming from sandbox game.
We'll keep reading maybe will tell us to the sand.
So as long as this decision is approved sandbox Dow will send the total budget $750,000 sand
to the sandbox treasury so they can increase the starting on the first week of August.
They want to do this within 30 days.
Boo Remy Bumpar director of land ecosystem at the sandbox x profile is Bell.
And structure.
Yeah, I struggle to follow.
That's Remy for reviewing your sip now.
Sit live via twitch right now.
Great idea.
I'm loving what I'm reading so far.
Let's tag the sandbox Dow.
Oh, I have spoken to to Remy for F. I'm pretty sure it was Remy when he first got on the
and he asked everyone, all the landowners to schedule a time with them just to get an
idea of who who we are and what we're looking for.
Oh cool.
That's a picture with Seb.
So there we go.
So there's your sip author for number seven.
Council recommendation is neutral.
What does that mean?
That's the first time I've seen that.
What does neutral mean?
Huh.
Let's mark that one red because that is the first time we've ever seen anything not positive.
I'd like to know what that's supposed to mean.
Let's find out.
So on it.
Let's go to the sandbox Dow.
The sandbox game.
All right.
Then we have zero forte.
Sebastian.
And we have.
Yeah.
Sue had Fred.
Sorry, Montagnon.
And we have Shannon.
Shannon Snow.
And this I'm missing one aren't I?
What am I missing?
Take a look.
John.
He'll.
He'll hon.
Right.
He's the founder of a grail, which also founded Ledger.
So and that was and I'm not sure if he has a Twitter.
John.
Go get lucky.
Try and Google it.
There he is.
J.M. pale on.
A sandbox council.
I was reviewing sip seven.
That was the staking budget.
And I saw.
Or the first time that it was marked neutral.
And let's include the smiley face.
Look like it's just that smiley.
That's my that there we go.
Neutral.
Aren't neutral or council recommendation.
What does this mean?
And I am.
Let's let's include a little.
Sure.
There we go.
A sandbox council and this is the advisory council.
Yeah.
But he.
The special council.
OK.
I was reviewing step seven taking budget.
And saw.
First time that it was marked neutral.
For counseling.
That.
Council recommendation.
Marked it.
True.
This means.
Us understand what this means.
And thank you.
See if anything happens.
So the council recommendation is.
True.
OK.
I love to know what that means.
So background context.
Landowners are the cornerstone of our community representing over twenty five thousand people
globally.
And owning one hundred thirty thousand land.
That is a great.
Want to fire.
Let's keep that.
Twenty twenty two.
We launched an airdrop of sand to landowners based on their token allocation specific traits
and land locations given the evolving market.
We need to carefully manage the distribution of sand.
And the value.
We place on our community rather than conducting another sand airdrop we aim to support our
active and committed landowners.
OK.
These key stakeholders who contribute to the appreciation of land and sand values.
And this is taking.
Yeah.
That would keep the value inside.
Yeah.
Inside the.
The community.
So that's good.
I support that.
OK.
Next rather than conducting another note we were.
That.
Talked about that paragraph staking involves locking a certain amount of cryptocurrency
in a wallet to support block chain operations earning rewards in return usually in the form
of additional tokens.
Staking has been available in the sandbox environment since September twenty two accessible
here.
Good.
Good on you Remy for including the link.
And lately I think probably about eight months now.
Sandbox region locked all of the American.
And I piece out of their their front end on sandbox game staking so you can't stake more.
However you can stake if you do it on the poly scan contract.
You are.
There's a video out there where it is right now but there's a video that shows you how
to do that.
So you can do it via the contract which is the same thing that you do on this website.
It doesn't know much more friendly manner.
Twenty million cent currently locked by forty five hundred stakeholders.
So a great one.
You distribute over eight point eight million sand toward landowners thus far.
Digging the.
It's sound bites here to further incentivize participation we propose allocating a portion
of the Dow's budget to the landowner pool and increasing APY for the second half of
the year.
Nice.
This will boost APOI current rate five percent during this period.
Assuming the number of stakers remain stable.
So this would increase it by seven hundred and fifty thousand.
OK.
So it would deduct it from the nine hundred thousand.
It's currently in the budget.
On the allocation.
So it would be.
And the dashboard.
Fair strikes again.
Description.
We will allocate a portion of the Dow's budget specifically seven hundred fifty thousand
sand to enhance the landowners taking pool.
This additional budget will be distributed over a set period thereby increasing overall
award volume for landowners.
They would.
My accounting.
So this is the one I said I was almost done with.
So for sip seven under staking going to be a deduction seven hundred fifty thousand.
Cool.
Which will leave one hundred fifty thousand out of a nine hundred thousand dollar budget
for twenty twenty four.
That's the proposition there.
OK.
And it says it's going to raise the current rate which is APY which is currently five
percent to some unknown number doesn't say.
OK.
It's go allocate a portion to enhance.
There we go.
This additional budget will be distributed over a set period thereby increasing the overall
award volume for landowners.
Set period I wonder what the significance of that is.
Does that mean that if they do it all at once and it won't.
Maybe it won't.
Won't give the increase in APY.
The Dow will decide whether to implement this operation.
Sure.
On approval the Dow will transfer the funds to the sandbox block chain team did not know
that.
Makes sense that there would be a block chain team.
So then allocate the new budget to the staking pool users can take advantage of this enhancement
by staking sand tokens in the pool dedicated to landowners.
As a reminder each land allows its owner to take up to two thousand.
I really like the way Remy has put this together so far he walks it.
Builds knowledge rationale benefit.
Landowners have been requesting more rewards for some time.
True.
Especially as land price have been dropping.
Very true.
The land price is now at one point one.
We believe that provide additional value to landowners presents a significant opportunity
but we want to ensure that these rewards benefit only our active members.
OK.
We emphasize the importance of remaining engaged with.
Within the sandbox community.
Only users who stake in the landowner pool will be eligible for these enhanced rewards.
Currently the weekly rule pool is fifteen thousand sand which averages out to approximately
three point five sand per week per staker by increasing the pool forty seven thousand.
Which seven hundred fifty thousand divided by twenty three weeks we can potentially raise
seven percent.
Oh.
Oh I see.
You're not just going to increase the overall locked value.
You are you are giving out seven hundred fifty sand on top of the.
Average sand earned.
In the seven day period.
Cool no that that that makes.
OK.
So the block chain team I guess would receive the money and instead of staking it they would
then dish it out and that's why he says that's why Remy says that he wants to do it over
a period of time.
Yeah OK.
That makes sense.
It's.
So.
Supply the layout here.
It a little bit.
Down a little bit.
Step eight after this.
Okay.
So good to know.
So weekly reward pool is $15,000.
Average is out to $3.5 per week per staker.
By increasing the pool to $47,000, potentially raises rewards to $7,000.
Increasing the number of active landowners remains stable, and the total value locked
persists at this level.
Cool.
Okay.
We believe that this initiative will not only address the concerns of our landowners, but
also reinforce the value of staying active and engaged within our community.
We are rewarding those who contribute to the ecosystem.
We aim to create a more dynamic, prosperous environment for all stakeholders.
Okay.
Risk analysis.
Increased participation is one of the advantages.
Attract more stakers.
Higher reward can attract more participants, increasing the overall stake and security
of the network.
Okay.
Greater network activity.
Stakers can lead to higher transaction volume and greater engagement with the network.
Second advantage.
Market demand.
Token appreciation.
Increased demand for the staking token can drive up its price as more people buy it to
stake and earn higher rewards.
Enhance liquidity.
Higher rewards can boost liquidity as more tokens are bought and staked, potentially
leading to more trading activity.
Okay.
Third advantage.
Ahead of edge.
Differentiation.
Offering higher rewards can differentiate the staking programs from competitors, making
them more attractive to potential stakers.
Increased adoption.
This can lead to a broader adoption of the network and its ecosystem as higher rewards
might entice users from other platforms.
Okay.
And on here we'll do thoughts.
And I will paste these thoughts into the forums.
That's where they are right now.
So what do I think so far?
Now let's go to the whole thing.
Risks.
Inflationary pressure.
Token inflation.
Doubling the reward often means increasing the supply of tokens, which can lead to inflation
and reduce the value of the token if demand doesn't keep pace.
I thought that that was an advantage.
Token appreciation.
Increased demand for the staking token can drive up its price.
So there's kind of like a yin and yang going on there.
Second risk.
Market volatility.
Price swings.
An increase in staking rewards can lead to significant market volatility as speculated
buy-in for short term gains leading to potential price swings when they exit.
Dumping risk.
Once the rewards are distributed, there is a risk that stakers might sell off their earned
rewards leading to a sudden drop in token price.
Okay.
Considerations for mitigation.
Possible increases implementing reward increases gradually and help mitigate inflationary pressure
and market shocks as per a staking reward.
Oh, so that's why you want to do it over time.
Makes sense.
Transparent communication.
Clearly communicating the reasons for and the structure of reward increases can help
maintain community trust and support.
Public adjustments building in mechanisms to adjust rewards based on network conditions
and participation could help maintain balance stability, sustainability.
Okay.
Implementation plan launching between July 22nd to July 25th because it matches perfectly
with the blockchain operations conducting the rewards for the next four weeks.
Okay.
It's going to be a tight window because 14 days from I think it goes to public.
Public view for 14 days or seven days and then 14 days after that.
I don't think you're going to make it.
Even if you do 14 days today, you're still not going to make it.
So you have to wait until probably the next month, I suppose.
Resource required over 23 weeks.
We will allocate 750,000 is 23 sand per week.
Oh, per week for 23 weeks so the DAO can send the full amount so the blockchain team can
set up the staking pool properly without creating delays.
Okay.
The sand will be deployed on Polygon as per the usual staking program.
We won't create a new pool of staking, stacking, staking.
It will be directly be added to the existing landowner reward pool.
It will be added and I guess he estimated that it will give a increase of up to seven
sand per staker.
Okay.
I don't know the math well enough to say but I believe him.
We can measure the number of stakers staked volume during the period of activation.
We can also track land and sand prices and also claim rate of staked funds.
Okay.
Appendix.
Alternatives considered.
We also thought about air dropping.
You did mention that, yeah.
Opening a claim to landowners but we felt that it wouldn't target the really active people
and we also wanted to increase the rewards of stakers who are here for the long run.
Yeah, I agree with that because the claim when you drop it, it'll drop across all the
profiles and then it'll some people won't remember to click claims unless you're in
the, unless you're in it all the time.
Very easy to miss.
So yep and then discussion.
Join thoughts on discourse.
Sip actives.
Okay.
I'll definitely, I'll definitely give my thoughts there.
And here is the snapshot.
So it hasn't started yet.
It will start July 10th.
So tomorrow.
Yes, no abstain and we need a 30 million quorum which was very difficult to get for our first
community sip.
So we'll see how that works.
Although I have a feeling this is going to reach a quorum a lot faster because the author
is Remy who is part of the sandbox team.
So I'm sure he will benefit in some way from the power of the sandbox's team which is more
likely I guess to promote their own.
We'll see.
And everything else looks the same.
Snapshot.
Cool.
So what are my thoughts?
Let's switch over for a second.
My thoughts.
I like the idea of it.
I'm glad he spelled it out the way he did because I wasn't sure if the implementation was specific
enough to really communicate to me what was happening.
But he did.
He did do that.
He made sure to specify that it would be 750,000 sand over 23 weeks and he anticipates an end
result of increasing the current 5% which yields about 3.5 sand per week per staker
to 7.
So that's more than doubling.
Or that is doubling.
That is doubling it.
So cool.
Cool.
I think that's a good idea.
It does only benefit the landowner.
So let's do this.
My thoughts are what are the pros?
Seems to incentivize the right thing which is loyalty.
So that's the same thing the mochaverse is doing right now with their airdrop.
So loyalty and and what?
Loyalty and not activity because if you're already staked would you stake more?
You might.
Yeah if you get double.
Sure.
Loyalty and activity.
Sure.
Cons.
Only.
Targets landowners.
And I think as he mentioned that means only 25,000 people.
And what did we learn about how many people there are in sandbox?
I don't recall but it's a lot more than 25,000.
With 20 million sand currently locked by 4500 stakers.
So not even 25,000.
Only targets.
So it has the ambition to target 25,000 landowners.
So they he wants to increase both the amount of currently locked sand which is 20 million
and increase the number of stakers from 4500 to a maximum of 25,000.
So let's yeah seems to incentivize the right thing.
Has the potential to increase 4.5 thousand stakers to 25k landowners.
So that's a good thing.
What else is the con?
Only targets landowners.
Seems expensive.
Look at the budget.
How much was it again?
So of 900,000 let's do a quick little.
So it's 750,000.
Divided by 900,000.
750,000 divided by 900,000 gives us 83%.
So this is 83% of the staking budget.
That's a lot.
That's a lot in one go.
A lot in one go for it to only affect.
You know what?
Now we need to calculate them.
But the good news is is Seb has said many times how many people there are.
How many?
So it's 330,000 creators.
Players.
A lot.
He says it every now and again.
5.8 million wallets.
So let's stick with that number.
So that's 5.8 million wallets.
Across a thousand experiences.
Okay.
Landowners.
Okay.
And landowners.
25k only represents.
That's going to be a really, really small number.
What was it?
5.8 million wallets.
0.4% of the 5.8 million wallets in sandbox.
This was for NFC Lisbon.
Yeah.
It's the best I can find right now.
5.8 million wallets means that those wallets could be staking as well.
The regular pool.
So I don't know.
I think it's a good way to start though.
It's the most, not active, but targets the most.
Not even invested.
It targets the most.
I don't know.
Maybe it's not a pro.
I guess targets the most invested maybe because land is one of the most expensive things.
Invested investors in sandbox.
And Sand Fam.
Members of Sand Fam.
Cool.
Yeah I think that's good.
Boost APY.
Doubling of sand per week from 3.5 to 7 is very enticing and could be foundation for
more.
And if successful, it could be a foundation for more SIPs.
Okay I think we're good on that one now.
Let's SIP 7.
SIP 7.
Staking budget for landowners by Remy.
Alright let's hit up SIP number 8.
Ocho.
Okay.
I'll just do it on here.
Alright SIP 8.
Game Jam.
Paris City Jam.
Oh this is probably the thing that Panda Pops announced not long ago.
Where she was going to, somehow the community was going to vote on the Paris City Jam and
as I see the current results, that is exactly what's about to happen.
Quorum of 30 million will be required but everyone will get to choose who they want
to vote for.
That's kind of cool.
I really like that idea.
That's novel.
Go ahead and just put that pro.
Notable idea to allow votes for game city jams on-chain.
And people can vote for multiple.
So it takes advantage of the blockchain.
Yeah.
So SIP 8.
Game Jam.
Paris City Jam.
TLDR.
Vote for the best experiences of the Paris City Jam.
The Y is reward best creators and select who will be published on the Paris Estate.
Oh okay.
How?
Games will be playable either through a direct link on the game client or in the game maker
draft gallery.
Win.
Experiences are live on the map on July 30th.
And I don't think you can make it unless it goes to vote before July 16th.
Because once it hits July 16th it'll have to be on there for 14 days which is July 30th.
Council recommendation is neutral again?
What is going on?
What does this mean?
I don't get it.
It's not obvious to me what council recommendation neutral means.
Does this mean that the whole council majority voted that they didn't like it?
Does this mean that they don't believe that it follows the vision but they're willing
to let it go because it doesn't outright go against the vision?
I'm not sure what this means.
And in fact for Mrs. Platt question what does neutral a neutral council recommendation
mean?
Yeah let's find out.
Okay.
Sip details.
This is not a very long one too so might be a good one.
So background context.
Sandbox game jams are creator contests open to anyone passionate about creating games.
We invite you to enter our vibrant ecosystem where creators come together and make their
dreams come true and build our platform's future.
Only your imagination sets the limits.
Let's build a metaverse together.
This particular city jam Paris encouraged creators to recreate parts of the famous city
gaining inspiration from its monuments and neighborhoods but also in its rich culture
and history because yes creators can select any time era when they want to picture the
city for info on the city jam here.
Oh there's a I'll take you to an article.
Right right right yeah I do remember.
First place is 3000 sand.
Oh first through ninth place.
3000 500 sand for 15.
The contest goes live.
Submission closes on June 27th.
Public vote ends July 3rd.
Okay so she is accounting for it.
She is accounted for the two weeks.
Now votes open.
How did she know.
It's interesting.
That means there's a there's a certain amount of cooperation going on in the background
between the Dow Foundation and the sandbox because this was published some time ago.
Yeah June June 7th.
So this was published over a month ago.
All right and they knew then that it would it would reach the Dow.
Pass public vote.
Really public comment.
It would then reach the Dow for voting on July 10th a month later.
So if if say already knew that this was going to reach the Dow then there was some sort
of heavy coordination.
Going on and this was only a few days by the way only a few days a week after it was announced
on May 28th.
The Dow itself.
So interesting interesting.
Nothing wrong going on here but that is an interesting amount of coordination going on.
Well let's put that out.
Let's put that in my thoughts.
Let's go with neutral.
Neutral was the medium article.
Let's link it.
The medium article was on July 7th.
So let's edit the slide.
Medium article on 7 June 24.
This was only.
So last week 7 June.
This is only.
Week and a half.
1.5 weeks after 28 May sandbox Dow announcement projected a timetable.
Where.
Now vote occurs 10 July.
That's one month later.
So this will say that's that's interesting.
That is an interesting fact.
Not saying anything was wrong.
That is an interesting fact that means there was there's quite a bit of coordination going
on ahead of time.
That's what that means.
They knew then that the public.
Comment would end and it would go to vote tomorrow.
And then there there's 14 days so it it does abide by the rules.
That's cool.
I really like that.
All right let's keep reading.
We're on.
Creator selection.
So it gives a bunch of the selection.
Submissions.
So.
Graph palm.
Use genie.
Certage.
Addie beyond.
This is my reality.
EGV lab Montparnasse.
Bellinger's.
By Afiel.
Cool name.
DSP game.
GAMKER also called name Yuri.
Hey Yuri.
I've seen him a number of times in AMA's around sandbox.
It's neat.
J. Wrong.
NFT.
Gion.
Ryan.
The.
Rational benefit.
Sandbox is an exciting ecosystem where the lines between creators and brands are blurred
and everyone comes together to build the future of the platform.
Whether you have dreams of creating your own gaming franchise or work alongside your
favorite brand there is a special place for you in the sandbox.
Also true.
Regardless of your experience level game jams have much to offer for all creators.
It requires quite a bit of time especially if you want to win.
If to learn.
If to learn how to do it.
Benefiting the DAO community and its content creators.
Exciting prizes reward your favorite with exciting prizes.
Publishing opportunities and recognition within the sandbox community.
Exposure game jams are a great way to show off your game development prowess to become
a recognized game designer in the sandbox ecosystem while also gaining valuable feedback
and connections within the community.
Build your resume with strict strict time constraints.
Also one of the reasons why I said earlier that it.
It is something that while it does so much to offer for all creators there is.
You got to pay attention you got to work fast and that's why I said this.
So build your resume with strict time constraints.
These contests offer the creators a great opportunity to rapidly build your resume as
a creator and show the world what you are made of.
Skill enhancement sharpen your game maker skills and experiment with new ideas.
The game jams are an opportunity to learn grow and refine your competencies.
Community spirit take part in a vibrant community of fellow creators where you can share your
progress exchange ideas and collaborate with others who share your passion for game development.
I'm willing to bet you this was copy and pasted from the article.
Let's just copy and paste a small phrase.
No not that one that didn't work.
Maybe refine your competencies.
No maybe build your resume.
No just resume.
No okay this sound is very canned like a PR team wrote it.
So I thought that it might have been come it might have come from the medium article
but maybe not.
Maybe it's somewhere in the FAQ the docs.
Nothing about resume okay cool looks like they wrote it for the sip.
Put on them.
Risk analysis.
Minimum risk for the platform.
The experience will nevertheless be reviewed by our internal team to ensure respect of
the city jam rules and DAO guidelines.
All applicants must have completed KYC just know your customer for the wallet provided
in the registration form read more about KYC and sandbox other terms and conditions.
Implementation plan June 27th in the submission phase July 3rd qualifications for Dell vote.
I think what they meant was public comment.
July 10th Dell vote starts.
July 3rd so a week oh seven days yeah that makes sense and I need to go look at the back
the process submitted.
There we can put in the sip process.
Reaction.
Alright so there's a seven day community reaction and then a 14 day vote.
Remember to.
It's my.
Fix the one where I did that with Pepe.
One where I did.
I did.
The process copy and paste that.
So community review.
Voting.
Cool.
We added it here.
All right.
Now though closes 24th experiences alive on the map on the map six days later resources
required cash cash price cash prize for top nine voted submissions 3000 sand each thousand
sand times nine equals.
Just the top nine but the article mentioned that.
There was a step down from that.
There we go.
Step to 15 place was 500 sand that not in here.
Oh not mentioned okay so it is just going to be.
The cash prize or 27 sand 27,000 sand total.
Let's update our little accounting checkbook.
So we have.
Where will it go go game contest most likely.
Budget dedicated to game experience.
That sounds about right.
The sip number eight.
And it is projected to take out.
3000 sand times nine people or 27,000 sand that'll decrease the budget from 2.5 million
sand to 2.47 million sand.
So that that seems like a pretty good.
Pretty good one.
Plenty of budget for game content.
Okay.
So let's put that into prose.
Budget request is.
So long as it's just that.
I'm worried not worried but I'm wondering about the tent place thing.
So if it's.
If it's 27,000.
Of 2.5 million.
That is point one percent.
Point one percent.
Yeah.
Point one percent.
So budget request is your point one percent of 2.5 million.
Or game content category.
Budget category.
All right so that seems like a pretty good use of resources.
I really want to know.
What this council neutral thing is.
That's odd to me.
That's odd.
Monitored metrics to track success.
NB of experiences published on Harris's estate.
I don't know what NB is.
KPIs key performance indicators.
Traffic KPIs.
So I guess that means they're going to look into something.
Not something that they'll look into.
How many unique users visit them I guess.
But that'll be a question I have out of this.
Which is.
What is NB of experiences?
Under.
Monitored metrics.
All right there we go.
Voting options.
You will be asked to spread your voting among the 15 qualified submissions of the city jam.
Best nine experiences will be awarded three thousand Sanchez rewards and will be published
on a dedicated estate.
You should vote on the experience that recreated Paraciti in the most immersive way.
Its monument neighborhood.
Or just a distinctive vibe.
All right there's the article.
I think it's the same one.
It is.
To test the experience.
Install.
Okay cool.
Now I like this very well made.
Good picture.
It's the same picture as the article.
Yep it sure is.
So cool.
I support.
I support both of them.
So what would be.
What would be the con.
So we have.
A sip that talks about the game jam.
This is a city jam.
What I don't know is how many participants are in the jam.
So there are one two three.
Five six one two.
Five six seven eight nine ten.
Eleven twelve thirteen fourteen fifteen.
So fifteen contestants.
Council recommendation is.
True.
Same question to them.
What is a neutral.
Council recommendation.
Just copy paste in.
What it is.
I already said the medium article.
Fourteen contestants.
Regardless of your experience and exciting stuff.
Minimum risk.
Nevertheless be reviewed.
So what they're basically saying is they don't think there is a risk.
Risk is required.
Cash prize.
Give the formula.
But on them for giving the formula.
Monitor success.
OK.
And they asked you to vote.
For the most immersive.
And the what is going to be vote.
Cool.
All right.
So those are my thoughts on it.
It's a novel idea.
It's very cool.
I like the fact that we're trying to vote on chain.
That request is very miniscule and it seems like there's.
I've seen game jams.
I mean they're all over.
Sandbox.
Game.
So.
Game jams are prominently featured in the events.
So in the events.
So down here in the events.
Here's Builders Challenge 2.
There's the July.
Avatar.
Last Valley.
Builders Launchpad.
More Builders Launchpad.
Where were they?
They just saw it.
Oh.
Parasite Jam.
There's one.
There's more jams out here.
I know I've seen them.
So many of them.
There's a game jam right there.
There's another game jam.
So there they are.
Game jam.
She inspires.
Quite a bit of game jams going on.
And cool.
I support.
So I will copy and paste my comments into the discourse article.
Let's go ahead and.
That link.
The SIP 8.
Alright.
And then.
Course.
Link.
I like this format.
I like going through the SIP as it comes online.
And then I can get my thoughts down like this.
And just copy and paste it right in.
Participate.
That's pretty cool.
Discourse link for.
Q.
Alright.
What are the cons?
Cons are.
I don't know if there are any cons that I can think of.
It doesn't say who the author was actually.
What was the who section?
There is no who section.
Who is the author of this SIP?
There we go.
So that's my next question.
Alright.
So what's left?
What are the cons?
Let's go.
Let's get at least one con and then we can be done.
For today.
Con might be.
Con.
Got to be something.
Got to be something out there.
I can't think of anything right now.
I think it was pretty well put together.
It was concise.
It spoke to the value.
Maybe that was the one thing.
Light on impact.
Unknown because the article, the SIP doesn't communicate the expected impact from increased
traffic or visibility.
San Fam.
Visibility.
Now let's put as a con the unknown impact.
Yeah, I think that's good enough.
That works out.
Okay.
So we discussed and analyzed of SIP 7 and analysis of SIP 8.
SIP being Sandbox Improvement Proposal.
They just released I think today.
So I am this is hot off the press.
Cool.
And we'll end it here.
So we did our analysis of SIP 7 and 8.
Before we close out we will raid someone.
Hopefully there's someone on Sandbox.
So that closes out surprise episode 5.
Episode.
Episode 1 was Community Reaction part 1 with Andy, Richie and Hoddle.
Hoddle Hill.
And episode 2 was a look into the SIP process with Pepe.
That was Magic Pallet.
Episode 3 was a look into the SIP process with Karel who was the creator first SIP author.
Pepe's Magic Pallet is still ongoing.
It only has a few hours left.
Two hours left.
It's ending very soon.
But there's the Blasted Cloudfare Forbidden again.
But it's at like 99% yes and it's reached core.
So very likely to pass.
And then not long ago Community Reactions part 2 with Crafter and Joseph.
So we got our reaction on Sandbox Down there.
And then the surprise one I decided to do this podcast for SIP 7 and 8 which just released
and is about to go to vote here very shortly.
As you might see here I do have another podcast coming up.
Episode 6 scheduled tentatively with MochaCN.
CN being the Chinese community for a mochaverse.
And I'll be doing that with Old One.
I reached out to him through the...
Through trying to help Pepe reach a quorum.
I started looking at some people who he hadn't touched out, he hadn't reached out to yet.
And G mentioned that some of the mochaverse people were major landowners and didn't look
like they had voted yet.
So he mentioned Old One.
I looked up Old One on Twitter and sent him a tweet and turned out that we reached an
agreement on a podcast where we can kind of ask him about the mochaCN where I think G
mentioned that mochaCN is the biggest delegation within the mochaverse.
And the mochaverse has a large member base that owns and participates in Sandbox.
So a potential look into a community, what they like to do, how they vote, what they
look for when they vote.
So really interested in that.
And then I am putting the finishing touches on my dive into the Sandbox Foundation articles
and documents.
That's all the legal stuff that I did in a previous setup podcast.
And it'll...
I'm trying to get Cyril there who is the Sandbox DAO architect.
So I have a list of questions and analyses and remarks that I noted as I read through
both the articles of association and the articles of the memorandum.
So that was what we call the bylaws and also the articles of incorporation, like the Constitution.
So I would look very much forward to getting Cyril in on that podcast episode as soon as
I'm able to get in touch with him.
So Cyril, if you're watching this, please reach out to me.
I've tweeted at you, sent you a LinkedIn message.
So if you are able to, please respond so we can talk about being on this episode or diving
into the Sandbox Foundation.
I know you mentioned in AMAs about three or four weeks ago, you asked if anyone had read
it and there weren't many people who did raise their hand.
So I read all of it and I made my notes and there's some things I'd really like to ask
about to understand better so that the community can understand what is the foundation of the
Sandbox Foundation.
So cool.
All right, we're going to start the raid and outro.
So thank you all.
I appreciate it and have a good night.