All right, Send Out Podcast number 35.
Today we'll be speaking about the new SIP process that has been launched.
And specifically, it's a piece of DAO news with a little bit of commentary woven into
it.
The disclaimers that I do not represent the Sandbox game or the Sandbox Foundation, not
your financial or legal advisor, and nothing that I say should be taken as financial or
legal advice.
When I say the word SIP, I'm talking about the word Sandbox Improvement Proposal.
And when I say the word DAO, I'm talking about Decentralized Autonomous Organization.
Sandfam is in reference to the Sandbox community who participate in the people, product, and
purpose of the Sandbox ecosystem.
So we covered the Sandbox ecosystem back in episode 31.
People, product, purpose.
So the people is the gamers, the game makers, voxel artists, landowners, sandholders, DAO
delegates, participants, and the Sandbox team.
The product is the game client, box edit, game maker, market, and the DAO.
Whereas the purpose is not just the white paper released in 2020, but also the things
that Sebastian Bourget, Arthur Medide, Yeatsu all said in reference to why the Sandbox exists
and what they're doing to further it.
All of those things together equals a vibrant ecosystem that continues to coexist and has
since 2018 when it transitioned from a 2D mobile game into a 3D computer game.
So it's got a lot of stuff woven into it.
And this podcast is the Sandow podcast, which is a podcast all about the Sandbox DAO.
I'm your host, Lanzer, and I'm president of MetaWorlds.
We are one of the studios inside the Sandbox ecosystem.
We've published two experiences, Floor Droppers, which is currently in 00 and Alpha Season
4, and also Lava Defense, which was a Game Maker 2023 funded project.
I'm a WoW holder and mocha, and among other labels you could describe.
But today I'm just a podcast host talking about one of the newest things that came out
from the Sandbox DAO, which was the new SIP process.
So the scoreboard, we're still at 0 draft and 0 open for voting.
That's mostly because the DAO team is currently trying to finish bringing the delegation system
online with the approved delegates.
And so we're at 9 SIPs approved and 1 SIP not approved.
So it's 56% versus 37%.
And all the ones that are not approved, the 6, were not approved because of Quorum.
And MetaWorlds, we have submitted 6 SIPs to the DAO team, the first of which made it through
voting and it was one of the ones that did not make it because of Quorum, right alongside
our cohort SIP 15, the Metaverse and Disability Hiring by MetaFutura.
Checkbook.
We're currently, we're still at 2.3 million sand of 15.5 million spent and that is about
15% of the budget.
According to DAOBase.ai, we still have about 211,000 token holders and we have 2200 voters
in the Sandbox DAO who have cast 9200 votes.
So almost 10,000 votes.
Today's going to be broken up into about five, four sections.
Well, first we'll be going over the context of how we got today to today.
So there's going to be a tweet announcement, there's a forum post, there's a second forum
post and then there's a third forum post, all which leads us to the new SIP guidelines.
And then finally we'll finish with going through the new type form submission that replaced
the SIP template.
So first thing we're going into is the context.
So for the context, it all begins with a tweet on X which announced, and this was October
15th, so about 15 days ago, there was an updated SIP guideline page outlining the approved
SIP submission process.
It looks a little bit like this.
The DAO admin team has been hard at work behind the scenes.
Today's fruit of that labor is an updated SIP guideline page outlining the approved
SIP submission process.
And here's a link to the guidelines.
So the second link was the forum announcement post made by Cyril.
And Cyril down below toward the bottom under submission guidelines said that they've published
on the website this morning, and this was about 16 days ago, in an effort to be more
transparent on the process and guide the community toward better SIPs together with a new template
type form.
Follow this dedicated post on this very forum for more info.
All right, and then when you click that, you get into the new SIP guidelines post, which
talks about a new simplified process to make it more user-friendly by introducing a submission
form.
And as part of this transition, they will no longer accept SIP submissions through the
SIP email inbox.
All submissions must go through the new form once it's available, as it now is now.
And last, the SIP ideas category was linked.
So if you go all the way down here, you'll see an update by one of the DAO team members.
We're excited to announce the new guidelines are now available.
These guidelines are designed to help identify which SIP can be brought, which SIPs can bring
value to the DAO this time.
All submissions can be made directly through the form.
You must first share and discuss your idea with the community in the form here.
Then there's the SIP ideas category.
So this post here talks about kind of like an introduction to the process.
So here's how to get started.
Post your idea here first.
And this is the SIP idea forum.
So this is the SIP idea forum.
So you are to post your idea here first and SIP ideas.
Then there's a rough out idea outline.
It says don't worry about using the old SIP template.
Instead focus on key points like the problem you're trying to solve and estimate overall
cost and a rough timeline.
Read the guidelines.
Be sure to check out the guidelines for submitting SIPs to understand what the DAO is currently
prioritizing and important.
Don't submit your SIP just yet.
Use this space to refine your idea with community input before moving forward.
Feel free to ask for input.
So the gist of that post is it says don't worry about using the old template.
Instead focus on the key points like the problem you're trying to solve, overall cost, and
the rough timeline.
So that's the context.
Those are the things that introduced the new guidelines which you can locate on their website.
And the new SIP guidelines are on sandboxstyle.com.
Up at the top you'll see proposals, submission guidelines.
The way we'll do this is we'll go through what the actual guidelines say and then we'll
go through all of the comments surrounding it.
So up here at the top you have SIP guidelines.
And it starts with the DAO's mission is to empower community to actively shape the future
of the sandbox metaverse.
Before submitting your proposal, make sure to read and hear the below guidelines.
And then here are the guidelines.
There is a how it works section.
Before starting the submission, ensure you have posted in SIP idea subforum and the DAO
team has invited you to submit your SIP.
And then step number one says you submit your proposal by submit clicking on the submit
a SIP button.
Step two is the DAO team reviews it and helps articulate the SIP in a shared document, leaving
comments when necessary.
Step number three is the DAO, the council issues a recommendation whether it be positive,
negative, or neutral.
And step number four is you review all the comments and refine your SIP.
And it says once done, then your SIP is ready for discussion.
So the way the website is laid out is right underneath it, there are the SIP categories,
the SIP budget requested, then there is a my submission checklist, ineligible SIPs.
All of those things are things that happen during and around the process.
But then so you skip over that and then go down to what's next.
And under what's next is the rest of the process.
So once you're done with up here, reviewing all comments and refining your SIP, then you
go down here to discussion for 14 days, voting for 14 days, and then SIP implementation.
Then it gives you various things, tips and trips about discussion and voting, SIP implementation,
and what happens if your SIP is rejected.
We'll go over all of that.
So the first thing I noticed was under the how it works and what's next section, those
are the two things that really encompass what the new guidelines are.
So it starts with a number one, actually, in my estimation is number two, the very first
step isn't to submit your SIP to the new type form, which is this one right here.
The first step is actually to post in the SIP idea sub form, which is the smaller headline
underneath how it works.
So that's going to be our number, our step number one, and then everything else will
follow from that.
So submit to a new type form link will be step number two.
Step number three will be the Dow team reviews it.
Step number four will be the council issues of recommendation.
Step number five will be to review all your comments and refine your SIP.
And then step number six is going to be that it goes to discussion and the SIP goes to
the SIP draft forum, which is this right here discussion.
So it says on the website under what's next, step number one is discussion in the process.
That's step number six.
And then step number seven is the voting for 14 days.
Step number eight is the implementation.
And then if rejected, then then what happens after that?
So that's the way we're going to approach this.
I've renumbered it so that it is sequential to you and I, the SIP authors.
So like I said, step number one, submit your proposal to the SIP ideas sub forum.
That SIP ideas sub forum is right here under the sandbox style under proposals.
And in proposals, you'll see three sub forums, SIP actives, SIP draft, SIP ideas, and also
withdrawn, a fourth sub forum.
So you will first submit your idea here to this SIP ideas.
The SIP ideas sub forum.
So whereas before it was optional, now it's mandatory.
You will submit here under SIP ideas.
And as you can see, there's a lot of SIP ideas there already from before the new process
took hold.
So the, where it says in the smaller print and the Dow team has invited you to SIP to
submit.
The first thing I noted was that it wasn't really clear here what must be met to receive
an invitation.
It just says in all of the, all of the explanations and all of the literature that, that under
the guidelines, you just need to ensure that you've posted in the SIP idea and then the
Dow team will invite you to submit your SIP.
You can see the wording there.
So I'm not really sure.
It doesn't really specify what must be done in order to receive an invitation.
And I think, I think this might be a way to modulate the intake of SIPs.
So to make it a little bit more digestible for the Dow admin team.
I'm not really sure though.
They don't really specify, but you know, the, them inviting you after a set time or
set trigger or whatever it is, seems to be a way for them to, to pace themselves instead
of just getting all the SIPs all at once, like has been when you just submit your idea
used to be via email.
So that part is now, so there, that part's all, all good.
Now we go to step number two, which on the website says is step number one here, submit
your proposal.
So step number two here is submit proposal to the new type form link.
Again, it's not really clear what the indication is to submit.
I guess we're just, we're waiting now for the admin team to invite us.
Doesn't really see how that invitation will come about, but, but that's, that's now what
it is.
So what they're referring to is here at the top, on the top left, there's a submit SIP,
a blue submit SIP button.
And so that, that is the, that is the, that's the button that you click under SIP guidelines
at the very top, big old blue submit SIP button.
You click that, it'll bring you to the type form and we will go over that last.
Okay, so that's step number two.
Then step number three, which is labeled on the website, step number two, where you then
receive the Dow admin team's review and their comments.
And I think this, this acts as kind of like a first curation step.
There's, there's no, there's no clarity right, as of right now, how long the step will last.
And it's, I couldn't figure out if the comments need to be resolved here or later on down
in step number five, where it says review all comments.
Some literature seems to suggest that you do have to review all your comments before
moving on, but neither case, this is the step here you have to get to in order to move on
to step number four.
Step number four is the council will then issue a positive, negative or neutral recommendation.
My personal experience, having submitted six SIPs so far, and one of them did receive the
first one that went to vote, step number 14, did get a negative recommendation.
The recommendation itself seems to take one to two days, but even if you get a negative
or neutral recommendation, you can still elect to proceed to vote, as I did.
And then you go to vote and the only difference is that your proposal will have, it'll have
a sad face.
So here's mine, set number 14, and then at the top of step number 14, the council recommendation
was negative and it closed a couple weeks ago.
So that's step number four, and on the website it's listed as here, step number three.
Okay, listed on the website as step number four, but is step number five, to an author,
that's when you review all comments and refine your SIP.
And my experience is that the refinement is a back and forth between you and the Dow admin
team, where you refine comments, you change your SIP as needed, and the Dow team will
review, and you'll have a discussion with them back and forth until they are satisfied
with your resolution comments and the SIP has been refined.
It's still unclear how long the step lasts.
It could last as some of my SIPs are going on for about 120 days now.
As I said, I've submitted six of them and that's not taking into account the recent
pause on SIPs for delegations.
So there's a wide range of some SIPs go through within less than 30 days, some take longer
than that.
So this kind of, to me, seems like a second curation step.
So once you're up here, unclear if you have to complete the comments in step number three,
which is when you receive the Dow admin team review and comments, most likely you do, but
I'm not sure right now based on the reading of the instructions.
But here in step number five, when you receive a second set of review comments to refine
your SIP, that's when you will also need to refine your SIP and do so.
So I covered this in episode 33, when we talked a bit about the the Dow medium article that
came out.
So over here in, in episode number 33, here was in the first three phases, there doesn't
seem to be a limit on the Dow admin team's power to curate not their SIP.
Or is there any description of when curation becomes excessive?
So that was episode number 33.
And when the Dow team clarified, Dow admin team clarifies, then, then we can, we can
make that that clarity too.
So after SIP, after episode, excuse me, after step number five, which is again listed as
number four on the website, you then go down to the what's next section.
And on the website is listed as step number one.
But in the process, it's step number six.
That's when you enter into the discussion period, 14 days, and the SIP also goes to
the SIP draft subforum.
So if you go to the website, under your, your idea, your proposal first goes to SIP ideas
here, the red section.
But then when it goes to step number six, the discussion step, then it gets moved up
here to the blue section, the SIP draft.
And as you can see right now, there's nothing here.
While the Dow team does the delegation system.
So that is the, it gets moved there where discussion can continue.
And it enters in like a public comment period, which it's already done at that point.
So that however long it took to be in the SIP idea forum, that's publicly viewable as
well here in step number one.
So you're still publicly viewable here in step number six.
And that's where you get more public comment by SanFam.
And this is going to be the first time they've seen the the two curation steps where you've,
you've modified and adjusted your proposal based on the comments you've received thus
far.
So that's step number six.
Step number seven.
And again listed on the website is number two under the what's next section.
So down here, so this, that was discussion step number one, and here is step number two,
voting.
So the next one is the voting step.
So the SIP goes to snapshot here.
And you can also access this on the website under at the top where it says proposals,
voting SIPs.
And then if you scroll down here, you'll see the improved dashboard.
So you can now see the quorum here, you can see the ending day and how many votes.
So that's, that's really cool.
I like that a lot.
But here we're, we're at sit number 15 having been closed.
You alternatively, you can go to snapshot where you can see all of the SIPs here.
And down at the bottom of every, every proposal here, you'll see view more.
You'll see the discussion link.
So this will take you to the forum where you can continue to discuss.
And I covered that in a, there's a tutorial video I have there for if you want to know
how to vote, just search under the same Sandow podcast playlist.
Here's a tutorial for it.
This will select SIP 14.
View the proposal details.
The bottom you'll see comments with the latest forum replies.
You can click join discussion, go to that forum post.
So there's you can, there's a larger tutorial there for how do you cast a vote and how do
you then access everything?
How do you cast a vote on sandboxdow.com versus snapshot as an alternative.
So that completes step number seven.
So step number eight is the implementation step.
And that's listed as step number three on the, on the website under the what's next
section.
So this one right here.
And step number eight is when you start to, you're assuming your SIP has passed, you then
go to complete your milestones.
You deliver on the service and product that your SIP advertised and was approved.
And then you start invoicing for payment.
So a good example of that would be Sandow number, episode 34 where we cover SIP number
eight, which was Magic Pallet.
That was the first community SIP that, that was put out for vote.
Generators, that's Pepe right there talking, showing the Magic Pallet.
Games out of the box.
So that's us interacting right there with the Magic Pallet demo.
That was a SIP that was passed.
And then, and then, and then it was, it's now in development.
So it's almost done.
We'll be doing another update with Pepe here in the next coming weeks where it's, it's
getting very, very close to completion.
Okay.
So that's step number eight.
Then you get step number nine.
If your SIP is rejected, then you have to resubmit three months after a vote is rejected.
And I couldn't really quite tell if failing quorum is the same thing as being rejected.
Most likely it is, but failing quorum is a, is a subset, I suppose, of rejection.
Although there's, there's enough room there to not be a hundred percent sure.
So an example that, like I mentioned, the SIP number 14 was mine.
So review the, excuse me, enable when oversizing the resolution options.
It did have overall yes vote, but it did not reach quorum.
Another did the cohort that was at the same SIP at the same time with as mine, SIP number
15, as was five or six others across our DAL so far.
So if that happens, then I assume, I think that this means it meets the SIP rejection
and you, I would have to wait three months to submit again if I choose to submit again.
So there's your, your nine steps right there explained.
And the real comparison comes into what changed.
So what is it that, that really changed from those who have submitted so far to what is,
is now the process.
So here we'll do a comparison.
So the SIP process, which started in May of 2024 when the DAL launched, looked like this.
And this is, there was a five step process.
You, you first complete the SIP template and then you send the email to the admin team.
You answer the DAL admin teams review comments.
You, we, it could last for as long as the DAL admin team needs it to last.
And we, there was a wide range of different answers when I interviewed most of the different
SIP authors ranging from very short timeline, less than 30 days to, to much, much longer.
So this was Pepe's submission when I interviewed him.
Okay, gotcha.
And how long did that back and forth go on for?
A week?
More than that?
There was no back and forward.
Just the meeting that they said it's all good, you know.
So there you go.
That so Pepe's, which was the first community SIP, it was relatively short timeline turnaround.
So then after that you submitted it via the, to the sip at sandboxdow.com email.
How long did the back and forth go between you and, and their team before it reached
the...
It's been a while, man.
It's been a while.
I think it's been like a couple of months at least.
So there, that was the creator's first SIP, which was ultimately withdrawn, mostly because
it received a negative recommendation and, and Kirill there decided not to proceed.
So that was Sandow podcast number three, man, it seems so long ago.
We're in 35 now.
So there are two very different experiences and mine is, is somewhere in...
My earliest SIP took about 60 days, so two months, and my latest SIP took is now about
120 days.
So, and I also talk about this in Sandow podcast 33 when I covered...
This will serve as a model for future SIPs.
My comment here was that where it says in the sandboxdow's current configuration that
the council and admin team can curate the proposals received.
My question was, is how does the Dow admin team judge when curation has become excessive?
My experience has been anywhere from 60 to 120 days.
And that, and that seems to also be somewhat of an average somewhere in there.
That also includes feasibility studies.
So for some of my SIPs and some of others who needed to go back to either a legal opinion
or go back to the product team of the sandbox company, a feasibility study might have needed
to be done in order to determine if your SIP can be accomplished.
And so that timeline, that 60 to 100 day timeline could...
It also includes that feasibility study.
So there we are with a SIP number...
Step number one, which is submit the SIP to the Dow admin team.
Step number two was the SIP public discussion.
It was a 14 day period in the SIP draft subforum.
I showed you that earlier under the proposal forum.
And here it went straight to the SIP...
Sorry, you can't see that.
There you go.
It went straight to the SIP draft here, to the blue.
Okay.
And you could still freely make revisions at the time and send changes to the Dow admin
team to make those changes.
Okay, then next after that, we have the...
We have step number three, which is special recommendation, the special counsel's recommendation.
It could be positive, neutral, or negative, same as it is right now.
And that also took unknown duration, but my experience was two days.
And you can still proceed with a neutral or negative rating if you so desired.
And we had one SIP author who withdrew when they received a negative rating.
And I received a negative rating, as did some others, and they pursued...
They decided to proceed as well.
Okay.
Then we have step number four, which is still the old process, the SIP vote on snapshot.
It goes to snapshot for 14 days or the sandbox Dow website.
I showed it already, what it looks like.
Where sandholders and landowners vote, the SIP is then moved to SIP active forum, which
was the green.
Over here on the left, the green.
And then if rejected, then resubmission in 30 days.
If passed, then that's when you start completing and delivering on your milestones, service
and product, invoicing payments, and you invoice via request finance in accordance with the
payment plan.
Okay, so that's the old process.
So what is the new process?
Here is the new process.
The new process is now eight steps long.
If you count from beginning to end.
Step one is submit the SIP to the SIP ideas sub forum.
And there are some key points that the Dow team recommends.
So instead of following the SIP template, here you do the talk about the problem you're
trying to solve, talk about the overall estimated cost, and then talk about a rough timeline.
And that's where you receive community feedback.
And then you start you start acting on that feedback or, or otherwise improving your,
your SIP.
Step number two, then is to submit the SIP via the submission forum.
Now that is the the type form link that we refer to type form is a website.
And it has like this right here.
Like I said, we'll get into that as the last item to go through all the questions.
Alright, so it's right now it's presently it's unclear when to submit.
I mentioned that earlier, when we went through the guidelines.
And here it says under the importance of the thread, announcing the post says, don't submit
your SIP just yet use this space to refine your idea with community input before moving
forward and then at the top of the guidelines here it says you wait until the Dow team has
invited you to submit your SIP right there.
Okay, so whatever the whatever way it goes there, there's some sort of trigger that happens
where the invitation is extended.
Then you move to step number three, which is received out admin team review, and that
those admin team review comments.
Again that that part seems to last don't know how long it's unclear duration.
And that I think, as I mentioned earlier, access like a first curation step.
So it's unclear if those comments have to be resolved here or later on here in step
five, and here in step four, in the new process, special count, council recommendation, get
a positive neutral or negative unclear how long they take but in my experience one to
two days, then you move to step number five, review and refine your SIP all comments and
reviewing your find your SIP.
Yeah, here.
This is down on the, the website.
Right there. And this seems to act as like a second curation step unclear on the duration,
and not really specified yet.
Then we move on to step number six, which is the public discussion.
And in the public discussion, it remains 14 days.
And that's when your SIP moves to the SIP draft sub forum, where you can really make
revisions and send those changes to the Dow admin team.
Step number seven is then the SIP goes to vote on snapshot snapshot.org, and it goes
to a 14 day vote process.
Still same thing where sand and holders and land owners vote.
And then at that point, it moves to the SIP active sub forum, where you can continue the
discussion and receive input.
But at that point, you're at the vote.
So there really isn't much for you to do except answer q&a's and try and advocate for your
yes vote.
Step number eight, assuming that your SIP passes, that's when you start to complete
milestones, deliver on service product and invoice for payment.
And then they have some payment instructions there and will request finance, which will
go over in accordance with the payment plan.
Okay, so that's the new SIP process.
So we go from the older process back in May, it's five steps.
The new process now in October 2024 is eight steps.
And I did it, I did it.
I wanted to format in different ways so that my brain could understand it.
So I flowcharted it out.
And I hear still the old process, which I mentioned step one, submit your step, step
two was public discussion.
Step three was special council recommendations.
Step four, SIP vote.
Step five is SIP implementation, and if rejected, then you resubmit, go back to step one.
So that process took anywhere from 60 to about 150 days.
And I'm using both my averages and other SIP author averages.
That's just by counting here the days of the from steps one through five.
60 being on the lower end and 50 being on the higher end.
But if you then start overlaying the changes, it looks a little bit like this.
So here's how we're going to walk through this.
There's now a new step number one, which is submit step two SIP ideas on the sub forum.
That's however many days it takes you to submit on the sub forum ideas.
Step two is now step three.
Step step two, being the submit SIP DAO admin, an email that's no longer the case, you now
submit the SIP to the DAO via a type form link and unsure what the invitation is there.
So we don't know how many days it is yet.
Step number three.
Step number three is used to be SIP public discussion.
Now is now step number six in the new process.
But the new step number three is received DAO admin team review.
It can last anywhere from 30 to 100 day 120 days based on averages that I've I've seen
so far.
And then step three, what used to be step number three is now step number four.
This is special council recommendation that lasts about two days and and step number five
is review and refine all review and refine all comments.
130 to 120 days.
That old step number five is now step number eight SIP implementation.
But new step number six is SIP public discussions that takes about 14 days.
That used to be step number two in the old process, which was the public discussion.
Now it's step number six in the new process.
And then step number seven, which used to be step old step number four.
Now new step number seven, SIP votes on the snapshot.
And then finally you end with step implementation.
The new step number eight used to be old step number five.
So there's kind of the way things changed from the old step number one to new step number
two.
Old step number two is now step number six, new step number six.
New step number three moves into new step number four, which used to be old step number
three, and then old step number four is now new step number six, and new step number five.
Old step number five is not new step number eight, and you start number six, which used
to be old step number seven goes into new step number seven which used to be old step
number four and new step number eight but used to be also number five.
So that's the you walk through the the old to new process.
If you're confused yet, then we'll, it's okay, we'll, we'll, we'll turn this around.
This is the new process in the flow chart.
So it goes all the way from step number one, two, three, four, five, six, seven, eight,
from submitting your SIP idea, all the way to SIP implementation.
So nice flow chart process.
But the, the final things that we need to talk about here is the if rejected resubmit
thing.
So what used to be, what used to be where if you got rejected by the special counsel,
or if you got rejected by the SIP vote on the snapshot, those were your two kind of
points of entry for if you got rejected, then you would have to start all over 30 days later
if you so choose.
But the new step enters in three from, from what I could tell three new rejection vectors.
So step number two, when you submit the SIP to the DAO type form link, it could be rejected
there.
You could also be rejected at the, when you receive the, the DAO admin team review, you,
that's step number three, you could still be rejected at step number four, which is
special counsel recommendation.
Like if, if you're, if they deem your proposal to be illegal or that was the current description
for when a special counsel recommendation, you know, could, could stop that.
And then step number five, which is where the review and the refining and all the comments
with the DAO team occurs, that also could elicit a SIP rejection.
If you, if you don't satisfy the comments to the DAO admin team satisfaction.
So and then step number seven, if your proposal gets rejected on snapshot, then that that's
also a rejection.
So there's more rejection points that a SIP can experience.
So this, this is the new process.
It, it from my calculations takes at least 90 days now, given the new averages, and then
could take about a maximum of about 120 to, excuse me, a maximum of 270 days.
And so compared to the older process, which had five steps took about 60 to 150 days.
The new process has eight steps and takes any could take anywhere from 90 to 270 days
because it's basically there's an increase in, in the DAO admin team to review.
So that's, that's the most, the majority.
Okay, and then so we're gonna, we're gonna change the lens and this is clearly a change
in the SIP approach.
It was foreshadowed by the, the DAO admin teams medium article that was published in
the sandboxes medium account.
And I did, I did go over that in, in a previous podcast episode.
And so this is, so we're gonna, we're gonna play out visually what the, what the change
is.
So here you have the sandbox style and you have all the players in the sandbox style
working on their proposals and those proposals and the old process used to be you prepared
the via the SIP template and then you sent an email to the, the DAO admin team, your
proposal, and that would start the process.
That would then go through the voting system and then unlock the payment if your proposal
was accepted.
That is no longer the case.
That is the old process that started May 2024 and now has this new process for October 2024
has started.
The new process looks a little bit like this.
The DAO admin team will select, invite different SIPs that get posted in the SIP ideas sub
forum and that access your, your, your go no go of whether or not you submit a SIP to
the new type form.
So we went from here, the DAO team invites you and then after the invitation, that invitation
gives you the ability to submit a SIP proposal via the type form and then that unlocks the
voting process for you.
So that right there, that right there is the visual change in the process.
Old process was send emails with your template, new processes, be invited and then submit
the type form.
Okay.
So now we can get into the rest of the website.
Hey, not Jackie Chan in chat.
Appreciate you so much.
Thanks for tuning in.
So now we can get to the rest of the website.
And the rest of the website is after you get to, you know, after the how it works section
and above the what's next section so that that's where you can start getting into the
details of what changed, what you need to look out for.
So here we go.
Under the SIP categories.
So under here under the SIP categories, SIP submissions have to fall under one of the
following categories and these are the budgets.
So if you go to at the top here under the dashboard, you'll see there's the the budget
allocations and all of the budgets.
But here are the categories, the new categories that you can apply for.
So here are the new categories that you can apply for.
The first one is the game content.
So that's that's a pre existing budget.
Those are SIPs focusing on enhancing the content and experiences available in the sandbox.
The past SIP that they hold as an ideal SIP is the the game jam prize here.
This was the game jam, Parasity Jam.
As it's under the the old SIP format.
So this TLDR, the SIP details, the description.
This one did not pass because of Quorum.
And then it had some the different events that they wanted to get funded to go to, rationale
and benefit, implementation plan, resources required.
Right there we'll go over that later.
And successful in options.
Okay, so there's the game jam, which is SIP number eight.
That's a past SIP there and the metrics explained is active users, events created, numbers of
attendees.
The next category is sandbox for good.
So SIP promoting charitable and socially responsible initiatives that use the platform and its
resources for positive impact.
And this the past ideal SIPs that they they quote two of them supporting Red Cross 2024.
That was SIP number five here.
And that was a Red Cross event, which by the way, just posted an update.
So starting about 13 days ago, you can be part of the initiative if you go in and and
purchase one of their NFTs, then you're eligible for the the prize pool.
But that was SIP number five.
And then carbon capture was the next ideal SIP that was quoted.
That was SIP number four.
And this one was about advocating for the removal of carbon dioxide through the purchase
of tokens from a company.
That passed as well.
So both supporting Red Cross for 2024 and carbon capture system are formed by both past
and the success metrics that are expected are now community engagement, funds raised,
social impact outcomes.
Okay, the next category is sand initiatives.
A SIP whose initiative intends to inform about the sand token.
And this is where you can do your creator days training a past SIP that they hold as
the ideal SIP here is the ambassador program.
This one did not pass.
Excuse me, this one did pass.
It only had about 50% quorum in the sandbox while it voted for it.
And in the past couple days and with this 27 million voting power and it passed after
that it did have a yes vote.
So this was the ambassador program which restructured the ambassador program and offered new a new
age of ambassadors different ambassador has that you can take.
And then there's some success metrics expected engagement metrics, mentions and media numbers
of attendees and return on investment.
Okay, then NFTs.
The NFT SIP category is a SIP that leverages NFTs to drive engagement, revenue and partnership
within the sandbox.
And things like that could be buying an NFT or a collection, organize an NFT event to
showcase sandbox DAO TSB collection.
It doesn't cite a specific article.
All right, see me a SIP, however, that that language is exactly the language that SIP
nine was which was the mandate for DAO NFT collection.
So that one did not reach quorum so it was not passed.
Okay.
And then, so I had an interview with off what on that one who was the SIP author, wonderful,
wonderful person, I hope he resubmits this SIP and tries to get it passed.
But the multimillion dollar NFT collection coming from some of the sandbox collections
was going to be transferred to the DAO.
I haven't really heard an update on that.
Not sure if if that happened or not.
But here here's a SIP that showcases very closely to what the website says of buying
an NFT or or or a collection and then organizing an NFT event.
That one also was a SIP that did not pass quorum.
That one was the SIP number 10, the budget for blockchain events in Asia and Latin America,
which was to showcase a lot of the sandbox game and the sandbox DAO as well and increase
the sandboxes presence and key regional markets.
So that that tracks very closely to what this was discussing, but it didn't.
I reference these as ideal SIPs.
Unsure why under success metrics expected here.
There's media exposure, NFT sales and NFT holders.
The next SIP category is platform.
So this is a SIP that improves the platform's functionality, security, players and creators
experience.
You would do this SIP if you were to develop an external product or feature to enhance
the sandbox experience or if you have a modification to the sandbox software suite, see feature
request pass SIP here is the magic palette.
Like I mentioned, SIP number six.
This was the first community SIP that passed.
And this is the first community SIP for the community and wonderful, wonderful thing.
We've done three episode through four with Pepe from Sandrush, who is the creator of
Magic Palette, which they're getting very close to finishing to offer to the community
and Magic Palette being that key to transforming an empty land into a playable experience with
a much more streamlined process using VoxEdit and some expedited game maker functions that
they're creating.
And then the success metrics expected is publishing product or new features in the production,
providing uses metrics, time efficiency, retention rate.
And the last category is SIP feature.
Feature requests are suggestions for improvement or new functionalities related to game client,
VoxEdit, game creator and launcher.
It further says if you're encountering a problem or have an idea for a new feature, you can
submit it through our form.
By form, they actually mean they mean on the subforum under the features request, not the
SIP form for the type form link.
Very important distinction.
It's not exactly specified here, but that's what they mean when you when you go down the
rabbit hole.
Simply describe the issue you're facing in the form.
And if deemed a current priority, the sandbox product teams will evaluate and work on potential
solutions, the budget associated with those requests is platform.
Okay, so those are the SIP categories.
So we go back to our slide here.
And in our slide, one of the things that that we make note of is that is that here in the
so the SIP submissions have to fall under the one of the following categories.
So we just went over those categories.
Game content.
It mentioned game jam prize as its passive sandbox for good sand initiatives.
Understand initiatives what I noted was that the specifically there, the ideal SIP passive,
which it noted was the ambassador program is is a little inconsistent with my personal
experience.
So what they they hold up as the ambassador program.
So what you can see here, it probably needs some clarity.
But as you can see, let's just zero in on what I mentioned earlier, under has all of
the the old sections, but under the budget requested, it just has a $400,000 marker here
doesn't really go into much more detail.
It has a couple milestones, which is no longer consistent with the new tiered approach.
But that aside, so my my Sandow podcast here, it's still in SIP ideas.
And I submitted about 100 and 100 something days ago.
So when I went back and forth with the under the Dow admin team review, I had to end up.
You don't see it here, but I had to end up extrapolating my budget ask into a very, very
detailed lengthy estimate.
And you know, like labor rate times hours, and then all the all the people.
So very, very detailed cost estimate with with direct labor, indirect labor overhead,
all of that.
But here in the ambassador program, they they did not do that.
It just said overall budget is 400,000.
So there there's, if you're using that link to these past tips to inform you of how to
do the new sips based on my experience with the six that I've submitted, there's more
required than just one number you see the Dow admin team seems to want a more detailed
cost estimate.
So just a little bit more clarity there would probably help.
And it is something I'm going through myself right now.
But our world's team that we submitted our six to the Dow admin team, which was before
this new process.
So the next one was the NFT category.
And this one, the one they mentioned there was the mandate for the Dow NFT collection.
And this one didn't didn't reach quorum.
As I mentioned, I really hope Arthmore does resubmit.
We had a podcast episode, I believe it was episode 11.
And that and that was Yeah, I really hope he resubmits under platform the passive that's
talked about there is the first community sip.
And then we get to the feature request.
So if you dig a little deeper in the feature request, we covered that in in
excuse me, the first community step under the previous bullets, we we did already go
over what that looked like under Episode 34 with Pet Pet from San Rush.
Okay, so the last one is a feature request.
So that one's a little bit of a of a of a throwaway.
Because if you delve into the details of that, if you have a suggestion for improvements
or new functionalities, you submit it, it says submit it through our form.
But it's not what they're not saying that sip is allowed there.
What they're saying is, submit it through the Dow features request subforum.
So if you click go to that link of that features request here is under the help and resources
forum and then Dow features request subforum, where you can ask for things to be improved.
And they explained all their reasoning there in the the medium article that Episode 33
here boarding and connecting the Dow to a third party system.
The good news is, there is no need to do a sip for that.
What I noted there in that sentence, there is no need to do a sip for that.
My question is, shouldn't the responsibility for determining what needs to be a sip fall
on the sandbox community and the Dow voters?
This was podcast 33.
I thought that was the point of the Dow.
For us to determine what needs to be a sip.
And the voters confirmed that it yes indeed that should be a sip and a proposal worth
passing.
Alright, the next section of the article reads, community members can simply make a suggestion
through the dedicated discourse channel.
If you click that link there, it will bring you to and the Dow forums under help and resources
forum and under there the Dow.
So there it is.
So on the the medium article, it explains the reasoning why features requests are now
on the subforum and not via a sip.
And I covered that in Episode 33.
Okay, episode.
Here's where things you can start to compare the changes.
So the thing that changed the most is the number of budget categories that are mentioned.
So as I meant, as I said earlier, if you go to the sandbox Dow website, you can go to
here, you go under the dashboard, you'll see nine budget categories.
Previously, you could submit for these nine sand initiatives, live ops, game content,
other operations, staking sandbox for good platform, and not an NFT.
So those were your nine in the May 2024 process.
The new process.
This new process here speaks to only mentions five of those nine.
So only five now are are.
That's not what I wanted.
Okay, here we go.
So only five now are seen to be allowed.
I'm not 100% sure but they mentioned that these are the categories that you will use
from now on.
And there's just the five and the five are the game content sandbox for good sand initiatives,
NFT and platform features request uses platform budget.
So that one doesn't count.
If you were to count the budget for those using the dashboard, and I go and what I use
is I use the checkbook that we go over.
I went over in the beginning, we here the sandbox checkbook.
So I just kind of counted the the budgets for each.
So if you count the budgets for each, then what you end with is 7.4 million sand, which
is approximately 47% of the budget that's mentioned that you can apply for with your
SIP.
What's not mentioned are the four budget categories staking live ops operations and other that
accounts for 8.1 million, which is about 52% of the full budget.
So that's the that's the big change.
And my recommendation to the Dell team is to please clarify the intent behind the unmentioned
categories.
Does that mean that 8.1 million is now inaccessible to to the invited SIP authors?
That would be really helpful to know.
I think I have a few of my SIPs that are in live ops or other.
And so what happens to the current SIPs like mine and and some of the many others that
were that mentioned are listed in the queue for when Cyril posted his biweekly updates
and the Dow announcements.
What happens to our SIPs that are already in the queue?
Do they continue with the process?
Do they have to resubmit?
How does that work?
And I'm most especially interested in how does that work with the budgets that aren't
mentioned that you can no longer apply for.
So please please add a little clarity there.
I think that would be really really helpful and appreciated.
Okay, so that is the that is all of the SIP categories under under guidelines.
Okay, so what is next after that?
Let's take a look.
So after SIP categories, scroll down and beneath that you'll see SIP budget requested.
All right, and this is what we'll get into the tiers I mentioned a little bit earlier.
So under the SIP budget requested reading from the website, when submitting your SIP,
it is important to outline a clear and justified budget based on the scope and goals of your
project.
Mutually agreed upon milestones ensure that funding is provided progressively as your
project delivers on its promises.
This encourages accountability and ensures that resources are allocated efficiently through
the project lifecycle.
Okay, now there's three new tiers.
So for SIPs, zero up to 100, excuse me, zero up to 50,000 sand, the budget requested must
be in euros, US dollars or sand, the payout can only be in sand, and you have to have
at least two milestones.
For tier number two, if your SIP is between 50,000 and 200,000 sand, then your budget
requested must still be in either Europe, US dollars or sand.
Your payout is still only sand, but your milestones required must be at least three.
Then tier three is SIPs that have more than 200,000 sand requested.
The budget requested must be in still the same European euros, US dollars or sand, and
the payout currency must be sand, your milestones required must be five.
So you go from two, three and five for the three tiers.
The difference is being the dollar thresholds.
Then down there, the bottom, there's a fine print here that we're going to read.
The fine print here at the bottom says all requested budget and fiat currency, which
is euros, US dollars, will be paid in sand.
We guarantee 70% of the requested budget in US dollar terms at the time the proposal is
published for discussion in SIP draft subform.
To manage excessive forex volatility, we cap our financial commitment at 110% of the requested
budget in US dollar terms.
All right, so it's a very important fine print that will affect you as a SIP author and as
a business person trying to get your SIP funded and then deliver and SIP implementation.
And we'll go over that here, why that's so important.
All right, so that's the SIP budget requested.
Then we return back to the slide where we have the notes that I prepared.
Okay, so under the SIP budget requested, the very first thing is that all the tiers look
the same except for the milestones that are required.
So you've got different dollar thresholds, zero to 50 is two, 50 to 200 is three, and
200 plus is five.
There didn't seem to be any other difference between them.
So okay, got it.
So the milestones change when your, the milestones increase by three, or by one and then two
for three tiers.
And then we get to here, the mutually agreed milestones.
I read that there.
So this is an important phrase, because as I've learned in my personal experience going
through six SIP submissions, is that mutually agreed milestones is what the Dow team uses
to interpret when a SIP is ready to go to vote.
So your SIP won't proceed past them unless you have mutually agreed milestones, meaning
you agree on the milestones and the Dow admin team agrees on the milestones.
All right, so that's my personal experience.
SIP number 14 here took me 78 days to go through the process.
And so we, it took 78 days to reach mutually agreed upon milestones.
And my longest SIP right now is 124 days.
So that's SIP number two, which is the the end game filter.
So you know, you run around in game, you have a lot of NFTs, you click the inventory right
now, it's this big, big long list of your NFTs you have to hunt for what you after,
and then double click.
My SIP number two is install a filter in the game.
So where you can click, I want a power item that's above 70 and a sword on my hand.
And then it will, it will filter your big NFT list down to what you filter to.
So if you only want speed items, then you click the filter for speed, and so on and
so forth.
So that one right now is at 124 day mark, since I submitted it 124 days ago.
So my recommendation here would be to, to install a limitation to the mutually agreed
upon milestones.
Hopefully I would recommend install it to three months or 90 days, anything longer than
that.
And unless the SIP authors is dragging their feet with, you know, waiting weeks to respond
to run out the clock, then then that can be kind of a, then you can, you have every reason
to continue.
But if you have a very diligent SIP author, then three months of diligence and working
through mutually agreed upon milestones should be the time limit to, to progress that along
the process.
And then this is something that I was having a hard time seeing the incentive here for
the DAO admin team to process things in a timely manner.
So just mutually agreed upon milestones mean that the DAO admin team can take its time
and where that on one end means a better SIP, on the other end means a SIP that never leaves
that step.
So I recommend a little bit of clarity there and installing a standard to which business
people, SIP authors can expect when we're planning because there is so much that goes
behind a SIP, authoring a SIP.
And I'm going to be doing a podcast on it that I'm going to probably incorporate in
the business of sandbox podcast episode, where, like I said, I've done six, I have business
entities, partners, some of them are some of the top consulting firms in the world,
where I've garnered relationships and contacts who will partner, who are standing by to partner
with me on, on some of my SIPs that I've submitted so far.
They're waiting to clear this part of the process so that they can proceed to vote and
so that I can, if it passes, get to SIP implementation.
But if it remains in this forever, then the message then becomes like, like I had to update
them just the other day that it's still in this step, it hasn't progressed and sorry,
we have to just wait for the process to unfold.
And for business entities and partnership agreements that have to be done in order to
make these SIPs worthy of being voted on, it's just too much to expect that there's
a limitless time slot for it to proceed past this.
So that's my recommendation and impose a timeline there so that business people and SIP authors
can plan their business solutions in this SIP authorship program.
All right, and here's the next part.
It's very, very interesting thing, very important thing to consider here is that fine print
where it said, we guarantee 70% of the requested budget and US dollars at the time the proposal
is published for discussion in this in SIP draft.
Okay.
So, the first thing is, I don't know what the Dow team is referring to when they say
they're guaranteeing the requested budget.
So I'm not really sure exactly what the 70% is guaranteeing.
I think we'll just keep going because the volatility thing doesn't really answer that
problem or that question.
So my first my first recommendation is to change SIP draft to SIP active.
Okay, so when you're talking about the process, when you get to when you get to SIP draft
here, actually, it's probably better if we do this one here.
Okay, so SIP draft happens at step number six.
Okay, set number six here public discussion.
However, you still have to go through a 14 day period.
Right.
So that public discussion still has to make it through a 14 day period.
So when it starts counting from SIP draft, the clock starts at 14 day period, but you
can't go to vote yet.
So you're stuck for those 14 days, just waiting for the volatility to change that the price
of sand changes every day, and that's the forex volatility that that the fine print
notes.
And then once you get to the step number seven, you get to voting the snapshot, you then go
through a 14 day period just to vote.
So that's, that's 30 days.
That's 30 days before you get to actually start to get to the point where you can invoice
for payment.
And that's not even counting the milestones that progressively pay you.
Right, so you have to have two, three and five milestones depending on your, if you
have five milestones, you're not getting paid in full for, it could be months.
So not just 30 days, but at a minimum, you have to, you have to stomach a 30 day forex
volatility before you're able to be paid one, $1 a sand, which could have changed up or
down 200% more or less.
That's just how cryptocurrency goes.
So that's why I say change SIP draft to SIP active because at least you save us on 14
days and the price can still change after SIP discussion.
So what the price that you submit here could just change again here based on what you,
you make changes to.
So you're not, we're not really losing out on changing it to active.
So that's my recommendation is change it to SIP active instead of draft.
And so what I noted here below was I pulled from CoinGecko the seven day range, just so
you can see the seven day range for a according to CoinGecko a few days ago was 14% change.
So anywhere from 25 cents to 29 cents.
And the higher your SIP is, the more that hurts.
So that I'm not really sure how the 70% guarantees that I can't, I couldn't really figure out
the math on that one.
But what is certain is that that volatility already proves itself to be 15% change just
recently.
Okay, and then I pulled it again and got another number.
But within a 30 day period, CoinGecko noted a 12% change and with a year period, a 22%
change.
So this, this, this is significant to a SIP author and to a business person trying to
run a business.
It's, there's a lot that can go wrong here.
So what immediately what this does off the bat is it disincentivizes any high budget
SIPs, which might be a good thing, might be what the Dow team is aiming for here.
You know, this, this tier three.
So it might be to reduce the number of tier threes that gets submitted or even tier twos.
But also with that high budget comes high value.
So you would expect high budget, high value.
And with the new SIP process, it is geared to ensure that high budget SIPs go through
a multiple step, an eight step process, whereas before it was five.
And now that should ensure high value comes out of high budget SIPs.
So it disincentivizes those high value requests and long term projects.
The longer your project goes on, the more SIP goes up and down.
And then when you reach a certain point, you start losing significant money on an approved
SIP.
I'm not really sure what my recommendation is here.
I ran out of time before I wanted to do this episode and running the math as to what I
would recommend.
I'll keep going because I have at least a semblance of it, but I'm not really sure what
to change that 70% to because I'm still not exactly sure what it's guaranteeing.
I think I'm going to need the Dow team to help me out there.
It's not clear to me what is being guaranteed and how that masks out with budget numbers.
But if you know, I'm going to post a thread on the admin forum.
Please help me.
Please help me understand that remark.
So the short experience here, 90 days, right?
So we established that in the Dow process.
If you were to count the number of steps in the process at a minimum, it looks like there's
now a 90 day period to get through.
Maximum could be upwards of 270 days.
And again, that was me pulling numbers from my SIP experiences, which I submitted six
and then other SIP experiences and other authors of which we've, we've interviewed over 10
at this point.
So yeah, so it could be anywhere from 90 days to 270 days when your SIP goes to draft here
to when, when it goes to vote.
So that's either a short experience or it's a very long experience.
And both experiences incur a significant risk to a business person like myself, a SIP author,
and their sand volatility.
Like I mentioned, the seven day range just last week was 14%.
A few days ago, it now shows as 7.4%.
You see how fast that changed a week.
It went from 14% to 7.4%.
Excuse me, let's go down.
So the next part of the fine print was the excessive volatility part.
So the excessive volatility, I got, I got a little bit more specifics on because that
math was a little bit more straightforward.
So it read to manage excessive for FXs foreign exchange volatility, we cap our financial
commitment at 110% of the requested budget in USD.
So let's math that out for a second.
Here's your examples for $50,000 SIP, or I'm sorry, 50,000 sand SIP.
110% of that is 55,000.
So meaning, no matter how much it changes, and I'm not really sure that's why I'm not
sure what the 70% means.
So 110%.
I think what that might mean actually now is that it, it won't go below 70%.
Maybe it's not really clear.
So I recommend clarity there.
In any case, for the 50,000 sand SIP, if you go to above 110%, then you will not get paid
more than 55,000 sand.
That's only a 5,000 sand buffer.
And if you are an experienced business person in sandbox, that is not large at all.
That is small.
That is extremely small.
So yeah, so 50,000 sand limits exposure to...
Okay, there we go.
So my recommendation is to change tier one.
And so because of the new tier approach, I think we can, we can give a little bit more
grace and fidelity to the business realities of cryptocurrency.
Because that's, that's what's really going to, that's what's really going to kill this
is I experienced this when I did the GMF 2023, where I was an approved budget based on what
I submitted my sand for.
And that changed drastically over time.
And it caused quite a bit of clarity and back and forth between my company and the sandbox
company where we had to figure out what that compromise would be because what I submitted
it for and then what it was worth by the time that I reached my milestone, it had devalued
so much that I couldn't pay my bills at that point.
So just that's how much time had elapsed.
And so I know the reality of this just having done it through the old Game Maker Fund, which
was just earlier this year.
The Game Maker Fund changed to the Builders Challenge, which in about early 2024, so not
even like eight months ago.
And I was approved this time last year in 2023.
So that gives you a timeline there.
So I was approved about October, November of 2023.
And my first payment came out in about, I think, February ish timeframe.
So that that change in window, it devalued.
And I couldn't pay my bills if they gave me the what the sand was worth at that time.
And I'm paying my bills in US dollars because I'm a US company and I'm contracting with
different companies who don't accept sand, that sort of thing.
That's just a business reality.
Most of the world is not Web 3, it's still Web 2.
So my recommendation is to change it per tier.
So for tier one, I recommend 150%, not 110.
For tier two, I recommend 115%.
And tier three is 110%.
And once you math that out to what the thresholds are, it makes a little bit more sense.
So for a $50,000 proposal, which is the max for tier one, 150% of that is 60%.
Excuse me, 60,000.
That's a 10.
That's a 10k buffer.
Okay, that's that's more reasonable than five.
All right, I'll take that.
It's still a high risk.
But it's it's tolerable ish.
It's tolerable.
So better than nothing.
For tier two, for tier two, that's 200,000 is the upper limit.
So a 115% financial commitment cap is 30,000.
All right, so as you scale up your your your financial commitment percentage decreases
but that's because if it were 150% for tier two, that would be 240, I think.
Right.
10% is no I'm not that wrong.
Am I am I Matt Mon?
Oh, 300,000.
Right.
So 150% of 200,000 would be 300,000.
That's $100,000.
That's a good buffer that I mean, I don't find that unreasonable.
But but the down might so I decided let's just bump it down to 115% stop 115% and your
buffer then is 30,000 at 115% for tier two at the max that you can ask for.
That's you can stomach that I can stomach that some of my sips.
I think one of my sips is a little under 200,000.
So I would I would have to eat anything that goes a devalues it to above 230,000 at that
point.
But if you keep it at 110%, then your your 200,000 is capped at 220.
That's a 20,000 sand margin.
That's not a lot when it comes to the expenses that you have to pay and the devaluing and
the volatility of of sand.
So then you have tier three and capping that at 110%.
So you I feel like that's probably that's probably the same.
So normal, it can be normal.
So 10% of 500,000 is 50.
So that gives you a 50,000 sand buffer.
That seems reasonable ish.
Again when you start getting into these multiple hundred thousand dollar sands, your your ability
to program manage and your ability to to stay under cost.
Being wrong hurts a lot more if you if you if you underestimate your costs.
So the financial commitment, you're given a 50,000 buffer that's that seems reasonable
to me.
So that's where I recommend change it to 150% for tier one.
Change it to change it to 115% for tier two and change it to 110%.
Keep it at 110% for tier three.
That gives you a 10,000 buffer for tier one 30,000 sand buffer for tier two and a 50,000
sand buffer for tier three respectively, even though you are you are decreasing the percentage
of that max financial commitment.
That to me seems pretty reasonable given the realities of the sandbox.
And that's just being in San Fam for a while and seeing how seeing how it all plays out
over time.
There are a lot of studios, a lot of studios in their small businesses.
So our ability to eat that buffer is very, very limited.
In fact, the reason why I could not progress past my two, maybe three experiences is because
I'm not able to sustain myself in the market right now.
And Tempest Studios announced their departure, as did Touche Studios, to the longest standing
and most well known studios in the ecosystem.
Again, when I do my business of sandbox, I will cover that sort of stuff and really articulate
how that's important to businesses trying to survive.
And the 10% across the board is tough.
That's really tough.
So I hope that the Dell admin team recognizes that.
And I recommend a change to those percentages.
I recommend a change to the 70% because that I don't I still understand it.
But it seems really low.
Yeah, really low.
I don't I don't understand the map on it yet.
Okay.
So that covers the zip budget requested.
Okay, now let's go to the next section, which is the My Submission Checklist.
All right.
So the checklist here is underneath the the SIPC categories.
Underneath the SIPC categories, and here underneath the the budget requested, you'll find My Submission
Checklist.
So here are here is the checklist.
You have the first checklist item is ensure idea is first posted in SIP ideas.
So that's not a surprise.
We knew that one was coming.
They had already mentioned it in the announcement.
The next one is proposal must be refined or ensure your proposal refined based on community
feedback.
Not surprising.
We're already doing that.
And you were already doing that in the current process or the old process when that started
in May.
The next one is ensure motivations and personal or financial interests are disclosed.
That is a fascinating one.
That's a new mention.
And that has some pretty significant implications.
When you take into account the Dow article that was published on Medium, and we'll go
into that.
The next one on the list is proposal is categorized accurately within a SIPC category.
And as I mentioned, of the nine categories, the only ones that are mentioned is five of
them.
So we're not really sure what's going on with the other four.
It looks like per this checklist, you're no longer able to to ask for for sand from those
budgets, which is 52% of the budget, 15.5 million sand budget.
So the next one on the checklist is ensure proposals is maintainable and scalable.
The next one on the budget, excuse me, the next one on the checklist is a detailed budget
with all expenses associated.
I guess ensure your budget is detailed with all expenses associated.
And if I associate, I guess they mean allocable, reasonable and and they're allocable and reasonable
to your your ask.
And then the next one on the checklist is ensure clear project milestones with success
success metrics.
And up above on the checklist, or excuse me on the website, you can kind of see the success
metrics they now expect.
That was in the categories section of the website.
And then the second to last checklist item is ensure supporting materials like images,
diagrams, or references are attached.
That was already a best practice.
So no surprise there.
And the very last thing is ensure feedback from the Dow Council and PM team is incorporated.
And as I mentioned, I think in the new process, there's there's multiple rounds of feedback
from the the PM team.
And and still the the one feedback from Dow Council, which is a special council.
Okay.
So when we look at the the analysis slide here, here you have the the checklist items
on the left.
All right.
And then this is all the notes that I have for it.
So in the submission checklist, the very first one there says the ideas first posted in the
SIP idea.
So that used to be optional, as we noted in the in the old the the old process the new
here.
We went from, you know, the SIP, the old process was the submit the SIP to the Dow admin team
email.
That that was what started the process.
And then you could go into public discussion and all that.
But now we submit the SIP on the SIP ideas subforum.
And then you're invited to submit via the type form link.
Okay, so that is that's a change.
It was now optional, but now it's mandatory in the new October 2024 guidelines.
And it's on the SIP author to complete.
So you as a SIP author must go to the the SIP ideas subforum and post.
Okay.
So the next one is the second checklist item on being refined community feedback that,
like I said, no surprise there.
That's fine.
And then the third checklist item where it said motivations and personal or financial
interests must be disclosed.
I think that's awesome.
Like I said, in episode 28, the the personal or financial interest disclosure, I think
is wonderful.
The only caveat I have there is in episode 28, I mentioned just how complicated I think
this is going to be.
And specifically, because in one of the posts, it mentions potential, right?
Where does it say potential?
Potential personal or financial interests are disclosed.
Where does it say that?
Oh, that's in the SIP.
Never mind.
So we'll we'll go in there.
But the explanation for the motivations and personal or financial interests disclosed
is a new addition to the checklist.
And I would recommend explaining it a little bit.
So here's what I did in in podcast number 28.
When we when we talked about the delegation system that arrived and it was announced by
the Dow back on October 1st, conflict of interest is broken down into three, three parts as
is right.
So the personal interests disclosed as I mentioned in episode 28.
So here we go.
Interest is broken down into three, three parts as is as is section section five.
When I say section six here, I'm referring to the the new code of conduct that that the
Dow delegates are required to to adhere to if you want to become an approved delegate.
It has all the ships and relationships where delegates must forfeit their conflicts as
delegates must avoid conflicts of interest and declare someone with a close personal
or professional relationship is the author of an SIP or stands to gain protections.
Any actual or potential conflicts must be disclosed to the community promptly.
The delegates are required to not vote on any of this.
Okay, so we'll go over the conflict of interest thing separately later.
But what's key there, which I think tracks to this new checklist item is that per the
code of conduct as explained there, which again is not the same thing as here, but it's
the closest thing I had.
And as soon as I saw that checklist item, it reminded me of exactly very closely what's
written in the code of conduct for delegates where you must declare if someone with a close
personal or professional relationship stands to gain personal benefit from a voting action.
And give me a second.
Right.
So that's the explanation.
What does it mean exactly when when you need to ensure that motivations or personal financial
interests are disclosed?
There are many DALs who have disclosure rules, like WellDAL, which just launched a long ago,
is currently looking at a SIP to expand its disclosure rules from being just you personally
and what you stand to gain.
So like if you have this SIP and you stand to gain X number of thousands of dollars from
endorsement deals or whatever, you are required in the WellDAL to disclose that.
But the new SIP that just came about in the WellDAL would expand that to close family.
And so different governments require disclosure laws.
Some require you to disclose your spouse's financial positions that get affected by your
actions and some only require yourself.
So how extensive is the disclosure rule here?
Would really appreciate some clarity from from the DAL admin team on that.
Because it's going to matter when I mean, you submit a 200,000 sand SIP and the difference
between disclosure of close family, spouse, cousins or friends or whatever, it's a big
difference in how you prepare your SIP in terms of how long it takes to prepare it and
how much of the back and forth.
Like how much documentation do you require to prove stuff?
I'm not really sure.
So I would appreciate some clarity.
And so then we move along down the guidelines checklist item number four.
We're missing four of the nine categories, which accounts to roughly 52%.
So please clarify what's supposed to happen there.
Because it's not clear right now.
What's going on with those four categories?
By the reading of the definition of things, I think that means we're no longer allowed
to apply for the four that I mentioned earlier, which is over 52% of the budget.
So that's a lot of of sand budget that's going away.
So where does it go then?
Where does that 52% get spent?
Or how?
Unclear right now.
All right, next is the proposal is maintainable and scalable.
This is a new rule.
And I'm not sure what they mean by scalable, scalable to what?
So would appreciate a little bit of clarity there from the DAO admin team.
What does scalable mean?
Scalable to 211,000 token holders of the sandbox DAO, which we find, which I report as the
DAO based AI statistics, scalable to the 2000 voters that currently participate, still scalable
to the over one million users of the sandbox gamers, scalable to the 330,000 creators.
So not not really sure what scalable means there.
Big difference in how you program manage or project manage a proposal or a SIP and implementation
based on your scalability definition there.
And then the next one on the guidelines list that I noted was where it said detailed budget
with all the expenses associated.
Again, I already noted the inconsistency with the ideal SIPs.
And I just use mine as an example, my Sandow SIP requiring the DAO admin team requiring
a very detailed person itemizing the persons that I want to hire onto the Sandow podcast,
their rates, times their hours, time and then indirect costs, all sorts of things.
Pretty much every dollar I want to spend is accounted for and detailed out.
But in the in the ideal SIP for my category, it's the Ambassador one and it only mentions
a $400,000 line.
And that 400,000 is not broken out in any way.
So there's a there's a bit of an expectation management, I think that that could really
help with with this these rules.
The next guideline clear project milestones with success metrics.
I think that's pretty clear.
You look at the success metrics that they they site on the website and project milestones
that they expect the two for 50, the three milestones for two for whatever it is the
200,000 and then above 200,000 is is five.
That's fine.
Makes sense.
Okay, the next one is supporting materials like images, diagrams or references being
attached that used to be optional.
Now looks like it's mandatory.
So just to note there, whereas before you you could have a banner if you wanted to now
you have to have a banner.
It was always a good idea to have visuals like that.
That just helps sips when people look at your stuff and you see like a flowchart or a banner
versus just a wall of text.
That's always a best practice.
And as you'll see later on, they asked that they notate that and some of the zip guidelines.
But the last one feedback from the Dow Council and PM team is incorporated.
And again, I mentioned this in in my episode 33, that there doesn't seem to be a limit
on what might end up being an excessive curation.
So especially when you start getting into sips that have a lot of external partners
relying on your sip to pass.
You need to get it to vote but you can't get the vote because it's still in curation.
And you're you're talking all sorts of stuff with the Dow admin team.
So I cover that here in episode 33.
The thing that I noted here was in the first three phases, there doesn't seem to be a limit
on the Dow admin team's power to curate not their sip.
Nor is there any description of when curation becomes excessive.
So that was episode 33 when I was reacting to the Dow Medium article, which goes into
depth when it comes to the review process and what they're looking for.
So this was only 15 days ago.
So it preceded the change here to the sip process.
It was clearly a setting up for the new process and trying to explain it a little better.
Okay, so I would appreciate a, like I mentioned in the previous slide here, would really appreciate
that a limitation be imposed on that.
Okay, so there you go.
That's the sip checklist.
Going over in a bit of detail.
Now if we go back to the next section is ineligible sips.
So here below the checklist with all the checks, you get to the ineligible and eligible sips
with the with the red crossbars.
Okay, so let's go through each of those.
So now double sips.
The first one sips that do not comply with international regulations and local laws is
the first one.
The second one is projects or teams is based.
Okay, I'm going to restart this one so I can get my wording right.
You have an ineligible sip if your sip does not comply with international regulations
and local laws.
That's one.
You have an ineligible sip if your project or team is based in Iran, Syria, Cuba, North
Korea, Donetsk, Crimea, Luhansk, Zaporizhzhia, and Kyrgyzstan, regions of Ukraine.
So that's the second one.
Your third ineligible sip is if you have a sip involving the exploitation or harm of
people, animals, or environmental degradation.
I see you not Jackie Chan Lurkin, thank you, in the chat.
Your fourth ineligible sip is sip voting violence, hate speech, discriminatory practices, gambling,
drugs, or firearm, illicit trade, money laundering, or any criminal activity.
Your next ineligible sip is a sip involving data privacy breaches or misuse of personal
information.
Your next ineligible sip are virtual asset services, including public token launches
and holding, selling, issuing virtual assets on behalf of others.
Your next ineligible sip is sips focused on token or security issues, including token
distributions, creating a new token, making investments and generating returns, buyback
or dividend features, etc.
Your next ineligible sip is a sip that is appropriately not, excuse me, not appropriately
licensed or involving the unauthorized use of intellectual property.
The next ineligible sip is a sip with no impact on the sandbox ecosystem.
Your next ineligible sip is a sip submitted by individuals with potential conflicts of
interest, there's that word I mentioned earlier, potential, highlight, underline, that's a
very important word for the way they explain it in the Dow Medium article.
Alright, and your next ineligible sip is sips lacking a clear and feasible timeline for
implementation and delivery.
Your next ineligible sip is a sip without a detailed risk management plan.
Your next ineligible sip is a sip requesting funding for research and development without
a clear path to market.
Your second to last ineligible sip is a sip with excessive funding requests without scalable
impact or that lack a clear, ethical and sustainable business model.
And your last ineligible sip are projects that do not have a qualified and experienced
team to execute the plan.
Okay.
Now when we return back to our analysis slide, here is what I came up with.
So on the left, you see there's the ones we just read.
And now here's my analysis of that.
So the very first one, an eligible sip that if you do not comply with international regulations
and local laws, I think it would be very helpful to know what that limit is, or if there is
a limit.
Are we talking the international regulations and local laws of the Grand Cayman Islands
where the sandbox foundation is incorporated?
Are we talking about the European Union, the People's Republic of China, United States
law, France laws, Malta, where the sandbox company is incorporated?
Unclear to what extent or it could be all of them.
I just don't know.
Not really sure because the laws differ greatly between the entities listed here.
They differ greatly.
So what might be, what might comply with the law in one country might not comply with the
law in another country.
And so what does that mean?
Do you only, do you worry about where the sip author is and then applying those local
laws to them?
And then if a person in France submits a sip, then the local laws in France versus a person
in Belgium?
Or do you apply all of the country's laws to every sip author, no matter where they're
located?
Unclear right now.
What I would really appreciate some clarity because that's going to change the cost of
a sip for ensuring that you abide by the regulations.
We know this just by how the sandbox foundation, how much it costs to run the sandbox foundation.
And that'll be my next podcast is the analysis of the constitution, the bylaws and the articles,
the memos of the sandbox foundation and all the regulatory requirements that we are required
as a sandbox foundation, as a Dow to adhere to in order to remain at Dow, incorporate
as a company in the grand Canyon islands.
So those regulatory costs for regulatory regulation compliance costs something if the pay people
to do things that have certain specifications or certain expertise, certain certifications.
We'll get all into that in another podcast episode.
But for now, episode 34 just did that, which is the birth of the sandbox style.
I cover a little bit of that here.
All we knew was the sandbox company, the sandbox foundation advisory board chairman of a Namco.
I certainly didn't know that really, until I really started researching the Dow.
I really didn't know any of this company.
I had no idea.
I did.
I knew the name and who they were.
None to have started researching interviews.
I like many SanFam people.
I was worried about the ecosystem.
I was worried about game maker and playing the game and the rewards.
I wasn't worried about.
So it starts there and then we go through a revelation of what connects to what.
And you'll see all of the entities now involved in the sandbox ecosystem at the sandbox Dow
level.
I'm not sure I got it 100% right, but I was able, I had to Google search.
I wasn't able to get a little as much clarity as I needed from the Dow admin team to fully
flesh this out.
So I did the best I could.
But we do know that there are entities that are there to help with the foundation, like
the Maples group.
So they're helping with regulatory compliance.
Travers Thorbal Berga group, they're helping with the legal aspect.
The International Corporation Services Limited group, we're paying them to be the secretary.
The International Protectors and Advisors Limited group, we're paying them to be the
officers, the director and that sort of stuff.
So there is, you have to pay people to do things in order to be compliant with local
laws and regulations.
So when you say SIPs that do not comply with international regulations and local laws,
what you're saying is those SIP dollars are going to increase because now as a business
person I have to ensure that my SIP is compliant with some number of international regulations
and local laws.
I'm not sure how many.
The local laws of the United States, where I live, is very small compared to the laws
of the rest of the world.
So which one am I taking into account?
That was going to matter how much I ask for.
That's just how business goes.
Alright, so that's the first one.
The second one here is here in the middle where it talks about virtual asset services,
the SIP focus on token or security issues, SIPs that's not appropriately licensed.
I really, really think that we should get a legal read from our attorneys that exist
in the Sandbox Foundation.
So the ones that protect us.
Again, this is SandboxDAL Podcast 34.
When I look into the birth of SandboxDAL and all of the entities that are involved, then
taps a law firm, Travers Thorpe Alburga of the Cayman Islands.
So, there you have, we have a law firm that is definitely involved with the SandboxDAL
Foundation.
And, and also we have a regulatory compliance group that helps us and Maples.
So we have people who can help us with these sorts of things.
Data rights, intellectual property, securitization or security laws, those are complex.
They're really complex just within the United States.
I can't imagine how complex they are in the rest of the world.
I don't know the rest of the world's laws that I need, we need help.
So if, I guess what this is saying is you can't submit a SIP if it meets these things.
But what meets these things differ from country to country.
So we really need clarity on that very first one.
Which laws are applicable?
Are they applicable where I reside?
Or are they applicable worldwide?
Or some static, they're going to be Cayman Islands plus Malta plus whatever.
What is that going to be?
Because that's going to change the definition of how these things are interpreted.
It's a very complex topic.
So really request some help from our legal experts within the foundation to help clarify.
It's going to matter to SIP authors.
Especially myself, when I'm a business person I have to now abide by those rules.
And the reason why I'm doting on that is because when I read this, so let's look at token distributions,
making investments, that sounds strikingly similar to one of the ideal SIPs that's mentioned
on the website.
That would be SIP number four and five, I believe it was.
So if we go up to NFTs, I think.
No, platform, no, not feature request.
Scroll up a little bit more.
There it is.
Carbon capture.
So carbon capture was SIP number four.
It purchased a, it purchased a token, a lot of tokens.
How many, how many tokens?
200,000 sand worth of CDR token.
All right, so that sounds like a token investment.
But I don't know if that's a legal thing because I don't know which law it's based on.
I'm not, I'm not sure.
So it looks like SIP number four would have been ineligible under these new rules in October
2024.
But this SIP was closed, I think, in July of 2024, a month, May, June, maybe it was
June, like a month or two after the SIP, the DAO was launched in May.
So it wasn't adhered to or didn't have to deal with, I guess, these new rules.
But everyone else now has to.
So does that mean that if someone wanted to propose a SIP number four clone, would they
be allowed to?
Would Net Zero Company be allowed to propose this again?
So unsure with the current reading of things.
And then what was the second one I saw?
Holding, selling, issuing virtual assets on behalf of others.
Where was the staking?
I think it was.
It alluded to staking as well.
So that was SIP number, what was that?
That was a staking SIP.
I don't find it right now, but it did pass.
And it recently, it recently paid out to the stakers, the landowner who were stakers.
And so some of the reading of this makes it seem like that might too have been, have been
applicable to these new rules as a prohibited SIP.
Unsure.
So let's take a look.
Which one was it?
It was SIP number, SIP number seven, the staking budget by landowners.
So this one right here.
And it was, so the 200 million, 20 million sand that was locked by 4,500 stakers and
they were requesting 750,000 sand over a 23 week period.
All right.
So does, does the new rules apply to that one?
Unsure.
Would really request some clarity because it gets really complex nation to nation.
And that first one colliding with, I'm not sure which laws apply.
Okay.
So moving on.
The next one is where it talked about the SIPs requesting funding for research and development
without a clear path to market.
So that's at R&D.
That seems to me a conscious choice to restrict R&D.
And R&D is an important thing in just developing options from unknowns.
So we have your, your known knowns, your unknown knowns and your unknown unknowns.
So R&D explores your, your unknown unknowns, turns them into at least known unknowns or
known knowns.
And this looks like it might restrict the R&D into unknown unknowns.
And the one that I tagged here was my revenue options SIP.
One of the ones waiting, I have some major partners waiting on.
So this is still in the SIP idea phase.
I think it's sitting at about 90 to a hundred days in the old May 2024 process going admin
review.
And so what I proposed here was to commission a team of professionals to create a realistic
plan for the sandbox DAO to establish a sustainable cashflow.
We took a lesson learned from the 8coin DAO, which is a little bit in an emergency management
mode of its budget.
It went from 1.3, 1.6 billion dollars two years ago to just over a hundred million today.
So it burned through over 1.1, 1.2 billion dollars of dollars, right, dollars of the
8coin DAO budget in two years.
And they're they're at proposal like 400 something right now.
So 400 proposals, we have 15 and by comparison, but they did not establish any sort of sustainable
cashflow.
And because of that, they have no money coming in.
So they're trying to scale the ape chain which is launched to trying to scale the banana
bill, all sorts of things that they're trying to bring money back into the DAO before all
the money goes out and there's not enough to replace it in the DAO.
The DAO stops at that point, or the very least, the DAO slows down considerably and is no
longer able to just fund people's business ambitions for the apes.
And this SIP that I that I proposed and the SIP ideas and then I submitted it a few months
ago to the DAO admin team.
This SIP is to do some research and development into establishing a clear path to a sustainable
cash flow.
The only trouble is one could interpret this as an unknown unknown, where we don't know
exactly what it is.
This is that's why we're commissioning a professional team.
So we're talking like top, top consulting firms in the world.
We're talking toke, tokenomists, economists, finance, financial experts, sort of crew you
need to put together in order to determine and there's my price tag 281,000.
It's going to cost a lot.
It's going to cost a lot to put together a team of professionals who know how to churn
out sustainable revenue options for our DAO.
And if we don't put into effect now, we could really be sorry later on.
So this is one of those such things that I'm no longer sure meets the definition of the
prohibited SIPs.
I sure hope so.
This is one of the most clear cut things that we could do to ensure our long term sustainability.
I have all the contacts I need to make it happen with certified professionals who do
this for a living.
We're not talking hobbyists.
We're talking certified professionals that I met in the course of my professional lifetime,
which is going on 15 years now in the contract negotiation program management, financial
background, that sort of stuff.
So they are real people who know how to get this done.
So I'm really hoping that the prohibited SIPs does not render that prohibited.
I sure hope not.
That's a project that I really want to see funded because I think it's I don't even make
a lot of money on that one.
That's just me paying the professionals to do the work.
So yeah, unclear if that is restricted now.
I don't know.
I sure hope not.
But that to me was like, that's an unknown.
That's at least a known unknown for some things.
Some things you know you need to get like, well, different podcasts for different day.
So next one is the next prohibited SIP is SIP with no impact on the sandbox ecosystem.
And like I mentioned earlier, I'm kind of unsure what this is referring to.
No impact on the sandbox ecosystem.
The sandbox ecosystem is huge.
It's huge.
So here is here's Sebastian.
He is the sandbox co founder and currently the chief operating officer of the sandbox.
This was a podcast done three months ago.
And it was on the the coin gape TV.
So this is him explaining how big the sandbox ecosystem is.
We have grown today to over 6 million users with an account.
Like we're one of the main entry point for many people into web free for the first time.
And we have over 400 major brands and collaboration with top tier brand from all around the world
that we collaborate with.
Like Atari.
And into the metaverse.
So he just gave you some numbers and then if you go to some other podcasts with him,
he'll he'll disclose other numbers.
Really big numbers.
So the ecosystem has about 6 million users.
Million users, 6 million, 400 brands, some of which are the top in the world, like Atari,
I mentioned earlier, Gucci, the fashion brand, the Snoop Dogg celebrity brand, the Walking
Dead of really well known TV show brand.
So some of the top brands in the world, 400 as what Seb said.
And then in another podcast, he mentions there is over 130,000 creators.
So that's like game makers, studios, VLOX editors, all that.
And I mentioned that in the sandbox ecosystem, I go over the extent of that.
This was Sandow podcast 31 about half a month ago.
What are we left with?
How does it how does it all function together?
You have on the left, your white paper and the why the sandbox exists, spoken by the
people who are the main movers and and leaders behind it.
Then you have the products, the market activity, the game client, the game maker and the Vox
editor.
After that, you have the Sand Fam, which are the gamers, the game makers, Voxel artists,
participants and the sandbox team.
When you put them all together, what is it that you're left with?
What do you get?
You get that ecosystem and of all the people, purpose and products.
So there you have it.
That right there, kind of articulates the ecosystem is huge.
So I'm sure there are sips that could you could literally define as having no impact
on sandbox ecosystem.
But sandbox ecosystem is so big, it affects so many things that I'm not sure that list
is very big.
But for what it's worth, OK, just it's a it's a little unclear when you take into account
how big the ecosystem is, what that means.
So the next one is projects that do not have a qualified or experienced team to execute
the plan.
Hey, Sammy, how are you?
Good to see you in chat.
So projects that do not have an ex qualified or experienced team to execute the plan, highly,
highly subjective.
Now you start getting into the more Web to realm of you need experience to get experience.
That's been a critique of the Web to industry for quite some time.
It's a meme at this point that you need experience to get experience.
And that's what this one kind of kind of insinuates.
So it's highly subjective.
And then Web3, we're all Dowing right now.
I'm Dowing.
You're Dowing by watching.
You're Dowing by posting on Twitter.
When you post on Twitter related to San Fam, you're Dowing when you vote and your experience
level is not really it's not a.
It's not emphasized in the Web3 world like it is in Web2.
And this sip this sip prohibition here makes it mandatory for you to have qualified and
experienced team, which is a great thing on paper.
But if it's so subjective and we're not really sure what standard that means, then you could
easily turn into a a highly.
You could turn into the opposite of an inclusive Dow.
So the inclusive thing is is that is that play there.
And when you start talking about qualified experience, you start talking about certifications,
resume and all those sorts of things that could be the opposite of inclusion.
So could could use a little bit of help there and understanding what that means.
The next one is the sip submitted by individuals with potential conflicts of interest.
And I'm going to say the word potential there because that word means a lot to the Dow article
that was submitted not that long ago, but but the word potential, the way it was explained
in the code of conduct for the delegation system means almost the entirety of San Fam
as it's currently stated right now.
And I cover that in Episode 28, which was the delegation has come to sandbox Dow, which
is currently what the Dow team is working on saying that you're required to not vote
on any proposal.
This right here is me analyzing the the words of the code of conduct and all the other things
that that delegates have to go through in order to become a delegate saying that you're
required to not vote on any proposal also required to not vote on any proposal where
a potential conflict of interest exists.
And that is huge ecosystem within the sandbox is very highly interconnected.
And we just figured out how highly connected and how huge it is based on that podcast episode
with coin gave and said.
Dows advocacy groups connecting networking with the Web 3 community.
The sandbox is owned by an Amoco brands, communities and companies on the planet, which itself
has a Dow, which itself votes within the sandbox and the sandbox votes in the Mocoverse Dow
and it votes in the Apecoin Dow and people in the Apecoin Dow vote in the sandbox Dow
and the Mocoverse Dow.
It's this this huge interconnectivity going on.
So there you go.
And I have here listed that the Mocoverse is a million members.
I misrepresent.
I got that one wrong.
The Mocoverse has eight thousand eight hundred and eighty eight mochas that make up the Mocoverse
and it has a million plus members of mocha ID people.
So that all kind of equals the Mocoverse.
But the eight thousand eight hundred eighty eight NFTs are the ones who participate in
the Mocadao, whereas the million members are the ones who had the mocha ID and participate
in the quest and all sorts of stuff.
Both of them, I think, equal the Mocoverse.
But the important point that that G is us helped helped me help clarify with me during
a during the Twitter X space.
But as you can see, regardless, there are so many different interconnected dowels, external
entities.
The ecosystem is so large and those ecosystems that are partner ecosystems are large and
sometimes they're larger than us.
Like Whale Vault has fifteen thousand members.
That's just that's just one of the major landowners of of the sandbox.
So you have ecosystems surrounding ecosystems and it's it gets really, really complicated,
really fast.
So when you say potential conflict of interest and the way it's written in the code of conduct
for the for the delegates, that could mean and I think right now it means the entirety
of San Fran.
So probably needs a little help there by the Dow admin team to to work on over time.
And the last thing is SIPS promoting violence, hate speech, discriminatory practices, gambling,
blah, blah, blah, blah, that all of which don't no disagreement that those are some
bad things.
The one thing that is happening right now in the eight coin Dow is that multiple posts
are being flagged on their discourse forum for hate speech.
And that's important to to flag.
That's important to highlight because the people being flagged and this was we learned
this in the the eight coin GWG, which has since been disbanded as of a few a few weeks ago.
The governor's working group for eight coin was hosting a space about the eight AIP four
six six, which was to get rid of the AIP working groups.
So delegate this led by Aaron Haber.
Shout out to Aaron.
He he went through this and then and had a lot of participation from eight coin down
members and a number of them, even the SIPS author, one of his posts got flagged.
He got banned, wasn't hate speech.
There's no way that that post was hate speech.
And most of the community, almost all the community agrees with that.
But at least all the most of the people who voiced their opinion on the on the Twitter
space and then one of the GWG people in responding to the the post there was flagged as hate
speech and his post where there was there's no way you could interpret it as hate speech.
No way.
It was just simple simply asking, can you clarify?
Like those were almost I'm paraphrasing, but almost literally the words were and in this
recording here, you can if you read it and listen to it, you can you can you you'll hear
him read his post and he had it up and it was said something along the lines of, hey,
this this needs a lot of clarity.
Could you please clarify that post got flagged as hate speech?
Zero, zero chance that that's hate speech.
Zero chance.
But he was flagged.
And so what we found is that the administrators of discourse can apply that word specifically
or other words, interpret it in a very liberal way.
And what looks like some sort of not really sure why, but flagging posts on on people
who are trying to interact with in a very reasonable way and very civil, even one of
the co-authors that flagged a band under under circumstances that seem less than obvious,
definitely not hate speech.
So that's something that I wanted to note, just something we need to watch out for.
Because taken to the extreme, some of these reasonable things that we do can be can be
misconstrued as discriminatory or hate speech.
Whereas gambling drugs, firearms, illicit trade, money laundering, like those are criminal
activity.
Absolutely not.
Don't do that.
That's bad.
All right.
That is just the ineligible sips category.
Okay, so if we then return back to our SIP guidelines, going beneath ineligible sips,
we now get to we're going to skip what's next because we already went over that as part
of the step process.
We now get into discussion and voting.
It says, download this guide to promote your SIP during this phase to convince the community
and gather, gather quorum.
This guy is a PDF is PDF explains guide to promote your SIP.
It goes over some pretty cool tips.
And as I noted in my, in my analysis, I really liked this guide.
It's clear.
It says things like, it alerts you the fact that your post is going to be viewable by
anyone.
It's clear to know that anyone can view your stuff and they don't have to be logged in.
And so then they start talking about what, what you can do to, to promote your SIP, how
you can engage the community and sending messages to people on discourse or discord, posting
AMA's through X and Twitter spaces, or YouTube or Twitch and posting on your social media,
using graphics to communicate messages, contacting influencers and key opinion leaders also knows
KOLs that got rolled out in the recent sandbox ambassador program.
That was one of the SIPs and then reaching out to them to do AMA's.
And then during your voting process, make sure that you use many of the same tactics
that we just described.
AMA's with a sandbox.
Also contacting their streamers, community AMA's, community key opinion leaders and influencers,
continue discussing on the sandbox discord server, hashtag DAO discussion.
We go over that over every sandbox DAO episode, Sandow episode, excuse me.
And you can host your own AMA's and streams, post social media, and then promotional assets
talking about doing a banner, doing a CTA call to action video, which they recommend
a 60 minute or 60 second or less.
And they give you a template, give you questions to answer, right?
And they give you a script.
Like this is real good stuff.
Excellent job.
I assume Cyril did it because he mentioned his name here in brackets where you replace
his name with yours.
And whoever made this wonderful job, wonderful job.
I love it.
Love what's going on there.
And very applicable to anyone.
You can pick this up, read it and be like, oh, okay, this is where I should engage.
And then video guidelines.
It even gives you like, how do you, how do you arrange your smartphone doing in landscape
instead of portrait?
And then recommending wearing sandbox shirt if you have one.
I don't know many people that do, but if you have one, sure, I guess you can buy some merch
somewhere.
They've actually seen that.
So it'd be nice to know what that link is.
If there's sandbox merch or if I have to create it myself and buy it.
Not sure.
File formatting and then uploading it.
So there's a Google drive here that you can upload it to.
So right now it seems seems blank, but here it is.
Google drive.
So you can upload your video to the Google drive and then the sandbox style, I assume
will post it to their, their Twitter X feed.
That's pretty cool.
That's really cool.
And then feel free to add your own, your own creative touch.
So my analysis on this was excellent job.
Great job.
This was a great job guide.
Very easy to follow.
Very value added.
Things that people can apply to themselves as authors now.
Okay, the next section is SIP implementation.
So underneath the discussion and voting section is the supplementation section.
Let's go ahead and read it.
Congratulations on getting your SIP approved.
Below is an overview of the next steps to secure your funding, track your progress and
report back to the community.
Implementation step number one, milestone completion.
And step number two, payments.
Implementation number three, funding pauses or revocations.
So explain, so explain SIP implementation step number one is milestone completion.
It reads the SIP author is responsible for reporting the completion of each milestone
outlined in the approval in the approved SIP.
The report should include detailed evidence.
Examples are documentation, deliverables, links or screenshots.
The validation process includes verifying the quality of deliverables, confirming that
the milestone is in alignment with the original proposal.
After validation, the proposal will be shared with the community to maintain transparency.
Okay, so you can see transparency.
Maintaining transparency is an important part here.
SIP implementation step number two, payments.
Reads, payments are released once you complete a milestone and submit a invoice through Request
Finance.
So if you click that link there, it brings you to a PDF, which gives you steps to go
to request.finance where you create an account, set up your account, build a sandboxed out.
And it gives you links and the billing address.
And there you can see the billing address is that it's the same address that we found
in the Cayman Islands on South Church Street.
So we already identified where that is and that you choose your currency.
It gives you some step by step to get through that.
I've used this myself for the GMF 2023.
So that's where I talked about the fluctuation where from the time you sign the contract,
the time you get paid, there might be a huge amount of fluctuation.
So if you put, if you put 43,000 sand and your bills are not $43,000, then, or I guess
trade at 26 cents, you can do the math there.
Then you could be only given $20,000 worth of sand versus the $40,000 worth of sand
that you're contractually entitled to.
So that was how we had to find a compromise to figure that out with the sandbox team because
it had devalued so much that I couldn't pay bills with it.
And it's just not, it's not right to, to force a company to, to not be able to pay their
bills when most of the world is still operating in Web 2 environment with USD and the United
States dollars and the Euro.
So that's that PDF there.
So we're turning back to the payments step.
Clear communication of milestone completion will help you receive funding promptly.
That's where they start talking about the progress reports mentioned earlier that we
need to be giving.
And again, I endorse that.
I think that's great.
And then implementation step number three, funding pauses or revocations.
Your funding may be paused or revoked if the following conditions occur.
Failure to provide progress reports according to the roadmap and milestones set in your
proposal.
Delivering progress reports that do not meet the expectations outlined in your SIP.
Okay, so progress reports doesn't say how often, but progress reports, you know, could
mean weekly, just establish something and go with it with the sandbox style admin team.
So keep on, we're keeping on reading.
You are expected to address the issues and get back on track.
If progress is not made within this period, further actions may be taken, including the
potential revocation of the funding.
All right, so that's SIP implementation period.
So in on my analysis slide, I only noted a couple of things.
This is pretty, pretty self-explanatory.
Under step one milestone completion, where it said after validation, the progress will
be shared with the community to maintain transparency.
I think this has really been working very well.
So an example of that is SIP number seven, which is the sandbox staking budget.
So this was approved SIP seven a few months ago now, and it applied that was a 750,000
SAN that was applied across what, 32 weeks, I believe.
Right, 32 weeks.
It was approved and then it was implemented.
And you knew it was implemented because the DAO admin team gave updates.
So let's see, where was the first update?
Here it is.
So July 24th, the DAO admin team said this SIP has been accepted at a majority by the
community and quorum is reached.
Implementation will start soon.
So it was July 24th.
Then the next update a month later.
Dear community, I am pleased to inform you that the sand pool for land owners has been
updated according to the SIP.
As it was deployed last week, the 750,000 SAN are split among 18 weeks, which is until
the end of the year, which is an additional 41,000 SAN per week to the 15,000 SAN.
Regardless, sandbox DAO team, this was posted August 26th.
Okay, so that's an example of the transparency and progress updates working well.
DAO team posted these updates, having received progress reports from the team, I assume,
and then posted that on the forums in the SIP implementation subforum.
And if you're like me, I only noticed it because I saw the posts there.
So I saw that the staking had been implemented.
And then all the other SIPs are undergoing the same thing like Magic Palette, which had
an update too.
So this is awesome.
And I really give kudos to the DAO admin team.
That's awesome.
I think it's great to know what's going on.
It helps us in the ecosystem function and participate.
So that second one, I didn't have any comments about the payments.
It's pretty self-explanatory.
And if it's a little bit, if you haven't gone through it at first, it takes a little
bit getting used to.
You kind of have to finagle with the chain that you're on and then the token and then
you have to, the way it works is just a little bit.
You have to work with it to make it give you what you're after, which is enter the payment
as SAN or at least get paid as SAN, even though your contract or your proposal might say USD
or Euros.
So you have to kind of finagle that.
But pretty self-explanatory.
But then set number three, where it says your funding may be paused or revoked if you have
a failure to provide progress reports or reports that do not meet expectations.
And I think that makes a lot of sense.
That's just standard compliance reporting, regulation reporting, all sorts of stuff that
is standard in the business world brought out here.
So cool.
Love it.
I love this SIP implementation section.
Makes a lot of sense.
All right.
The next section is a SIP rejection.
It's a pretty short section.
All it says is you can resubmit three months after vote rejection, carefully read the feedback
and identify areas that need improvement.
So our analysis of that is just highlighting that you can only resubmit three months, so
90 days after your vote is rejected.
And again, we're not 100% sure, but pretty sure that rejection also means if it fails
quorum.
And then the next bullet was you have to carefully read for your feedback in areas that need
improvement.
So all the feedback that you got on discourse, Twitter, everything else, incorporate as best
you can so the next time it goes around, it either makes quorum or passes.
Okay.
So got through SIP rejection.
And let's just look at a high level.
Now the template.
All right.
So the templates, the last thing we're going to go over the template, the old template
was based on a Google Doc.
All right.
That Google Doc now shows here old template, but it had this you, you copied it to your
own drive and then you modified it.
And this is what you shared with and submitted to the Dow email.
You filled it out, sent it to them.
All right.
So that's the old process.
It contained three big sections, really two sections, but three if you count the intro
part and there was about 17 questions you had to answer.
All right, everything from proposal title banner, the who, what, when, why, how, the
problem description, the budget, the implementation plan, additional resources, all that.
17 questions.
The new template uses the type form.
All right.
We're about to get into that now.
Uses the type form and it is delved into kind of one, two, three, four sections.
So SIP overview, proposal details, the implementation plan and the team.
And it numbers about 25 questions.
So if you have only a tier one SIP, so two milestones, then you deduct that by three.
So 23 questions you have to answer because of the milestones.
But if you have a $200,000 or more SIP, then you're at a tier three SIP, which means you
have 25 questions you have to answer.
Okay.
So that is the high level.
We went from Google Doc with 17 questions you have to answer to a type form with 25
questions you have to answer.
Okay.
And here's how you map that.
We're going to just mapping the way it all kind of connects together.
You can see the proposal title banner.
It links up and combines with the TLDR.
And now it's done in what they call the SIP interview or SIP overview, excuse me.
The SIP overview is itself eight questions, eight sub questions.
So I didn't even count that when it comes to the 25.
So it is longer than that, but it's kind of like sub questions to the SIP overview.
And I just counted as one.
So we're tomato, tomato.
That's just how I did it.
And so you can see kind of the TLDR and the proposal title banner is getting combined
in that SIP overview, whereas the SIP details in the old Google Docs is now split among
the proposal details, the implementation plan, and some parts of the team section.
But a lot of the questions in the beginning and the team are not a lot.
So a lot of the questions in the beginning are new.
And then some of the questions in the team section are new.
That's where you'll see a lot of the new stuff.
The old stuff you'll see combined in the middle, which is the proposal details, the implementation
plan, and most of the team.
Okay.
And then there's one one here that gets a little squirrely where it kind of gets stuck
in the middle of the alternatives considered.
So they reorganized it.
And that is that is the high level view of the new template to the new type form.
And we're going to go into the depths now of of that type form here.
So I'm going to show you what it looks like.
All right, let's here we go.
So it says that when you go to the type form, you see the banner at the top, and then it
says welcome to the sandbox style SIP submission form.
Please complete each of the questions to provide us with the information we need to assess
your project or request.
The sandbox style team will get in touch about the next SIPs and follow up information.
If your proposal meets the guidelines, it will go under curation before undergoing a
final vote across the Dow.
And as we explained earlier, there's there seems like a multi step curation process there.
If you have any questions about the application process, visit the guidelines page on sandbox
style.com slash guidelines.
We just finished going over that web page in this podcast.
And then there's here's the get started button.
So let's get started.
All right, I really like type form, because it gives you the ability to use your keyboard.
So as you'll see here, you can see the yes has a has a y here.
So if you press y, or n, it will register that vote.
So that's pretty cool.
Very modern.
But anyways, here's the first question.
Are you require?
Are you resubmitting a SIP that has been put to vote?
All right, if you say yes, you are resubmitting.
So meaning your SIP got rejected and three months later, you're submitting it.
Yes.
It's going to ask you to link your previous SIP.
That's question number two.
But it's really a sub question because this question doesn't appear if you say no.
So you linked your previous SIP, if you say yes to the first question.
Okay, so let's go back.
Are you resubmitting a SIP that has put to vote?
Most of us are going to say no, we are not resubmitting a SIP that has been put to vote.
This is the first time where we're submitting a SIP.
And we've been invited by the Dow team per the new rules.
So no.
Next question, question number two.
Have you been contacted by the Dow team to submit your SIP?
All right.
So if you have not been invited, right, so that's that invitation period that we move
to now with the new rules.
If you say no, and you hit submit, it will then say await approval from a Dow team member
and you'll have to start the form all over again.
Right?
So this form assumes when you get started that you have been contacted by the Dow team,
by the Dow admin team, and you are now submitting your SIP right now.
So you hit yes.
Been contacted by the Dow team, you're now submitting your SIP.
Question three.
Have you read the SIP guidelines?
All right, so there's the guidelines.
It wants you to read them.
We just went over them for the past three hours.
So if you want to see that in detail, go back and listen to all of that to your heart's
content.
So have you read the SIP guidelines?
You would say, if you say no, it still lets you continue on to question number four.
We'll go back and we'll say, yeah, we've read the guidelines.
I assume, I assume they're not going to be happy if you say no, they're going to say,
hey, make sure you read the guidelines or I don't know.
I'm not really sure what what no means there if you can continue.
But question number four, let's just say yes, we read the guidelines like good sandbox style
community members.
We read them.
And which category are you targeting is question number four.
And it reads, select the category that best suits your project.
So if you click that little bit hard to read because of a dark gray background, but it
goes over the one, two, three, four, five, six budget categories that we went over earlier.
There were nine before the new rules.
There are now six, which only represents 47% of the 15.5 million budget.
So still need clarity on what happened to the other four, which represents 52% of the
budget is it accessible now?
For this form, it does look inaccessible, but maybe there's a realignment of some kind
coming really requests some help from the data I'm attaining to figure that out.
So let's just say we are a sand initiative.
It's kind of a good catch all.
So we're we're applying for the sand initiative budget.
The next question asked sip overview, provide us with the main information of your project
proposal.
Okay.
So you hit continue and here is the first subsection.
So we talked about here, the in the sip overview, there were eight questions.
So we already cleared the first four.
We're now in the fifth question and we're about to hit this eight sub questions.
Okay, that's the one that said I need to put there.
We're going to go over here.
Sip lead or founder name.
So you put your founder name.
So I am Lancer.
Hit okay.
Beneficiary wallet address, you'd copy and paste your wallet.
So they do a little bit of, I guess, KYC know your customer site stuff.
And then you put that in whatever that's supposed to be.
And it must be an Ethereum address.
So this is where you'll they'll send your your funds.
But in request finance, you have to do that again.
So I'm not sure quite what that means except maybe KYC.
But when you go to request finance, you have to input your wallet there too.
So this reads this address will receive the funds.
This must be an Ethereum address.
Okay, so that already tells you.
Yeah, Ethereum address, entering a non Ethereum address that cannot receive sand may result
in a permanent loss of funds.
Okay.
So standard disclaimer, insert your beneficiary wallet address in question number five.
All right.
Question five C, your Sip lead email reads your email address will be used by the Dow
team to track progress and maintain communication.
It will be publicly visible in the proposal.
Interesting.
That's new ish.
Not every proposal used to require email be publicly visible.
The only time it would need to be known was to the Dow team when you shared your Sip Google
Doc to the Dow admin team, but now it will be publicly visible in the proposal.
So if you prefer an an enemy using email without personal details.
Okay, so then I would just do email at email.com.
But you put your email there and you click OK.
This is project or company name.
I'm going to put Meta world's company or Meta world studios.
That's my my company.
Hit OK.
And then now we're at eight E.
Question five E. Where is the team located?
This might be where they apply the local laws regulations.
I don't know.
They have a lawyer on tap the Traverse Albarga group.
So maybe this is where they start applying the local laws regulations.
They have a legal read on what the laws are and if this is contradictory to the laws of
France or the laws of Colombia.
Chile, United States, Mexico, Italy, Italy.
So you you choose your country.
I am in the United States.
I put that.
Sip title.
This title will appear as the header of your sip and the forum thread for your proposal.
But just what do I want my title to be?
Let's do.
This is the title.
So put your title there.
This title will appear as the header of your sip and the forum thread for your proposal.
Click OK, then.
Question five G is project description.
Provide a concise elevator pitch summary of your project.
Highlight the key features and benefits your project aims to deliver.
You will be able to describe the project plan in detail in the following steps.
So put project description.
Right project.
Description here.
All right.
You could also click shift enter to make a line break.
So I would.
Right.
Oh, that's show shift enter and then second line here and then shift enter more stuff that
you can write.
So you could also copy and paste.
Let's put copy paste line one copy paste line to copy paste line three.
So you can then.
There you go.
Copy and pasted that from a Word doc or wherever it is that you want to first put your stuff.
So you could potentially still use the SIP template Google doc.
Input all the stuff you need to and then copy and paste in here.
The questions don't match up exactly.
But as we showed.
As we showed.
They match pretty close.
So you can't go wrong.
Can't go wrong.
A lot of them are still very similar.
All right.
So here you go.
Copy paste line one.
So you write.
Project description here.
Okay.
So.
Press enter.
The next.
Here is your project banner required.
Not required.
So you got to make a.
Pretty nifty banner.
Something that is is eye catchy.
Right.
So what is my banner going to be.
It's going to be.
What I want it to be.
Let's just put.
Where's my.
Cover art.
There we go.
Some of them are.
So if I was doing something like for Sandow podcast.
Then I would use.
Something like.
This.
Oh.
Sandow podcasts banner.
Looks pretty cool.
I love it.
And that's your banner.
So the size has to be 19, 20 by 1080.
Or at least I guess no bigger than.
And the format must be a pinger jpeg.
Okay.
So then you click okay.
And then the next.
So this is the next section.
So we're now out of.
Sip overview.
And we're now in proposal details section.
So we're now progressing to question number six.
All right.
So question number six is.
Proposed details.
So let's dive deeper into the specifics of your proposal here.
You will outline the technical aspects development roadmap milestones and any dependencies or
risks.
This section should offer a clear understanding of the project scope and its intended impact
on the sandbox ecosystem.
So you can start to see some aligning of what they talked about earlier in the SIP guidelines.
So the SIP implementation.
The discussion and voting and eligible SIPs.
The My Submission Checklist.
All this stuff that we just went over.
Is also starting to come into play here.
And the type form.
Okay.
So we are proposal details.
So if you hit enter now you're at question number six.
What is the problem you are trying to solve?
The description reads a problem is not an absence of solutions.
Include references to previous discussions, decisions or relevant external information
here.
So then you would.
Explanation about the problem.
Okay.
And then.
Question seven.
How your solution can solve this problem.
This should include a description of the feature or content you want to create what needs or
goals your work may satisfy for game experience detail the game concept and key features.
Solution goes here.
All right.
Question number eight.
Benefits go here.
Question nine.
Provide a risk analysis of your project.
Identify any potential risks that could impact the successful execution of your project.
This can include technical challenges, resource limitations, security vulnerabilities or market
related uncertainties.
For each risk briefly explain how it might affect the project and what mitigation strategies
you have in place to address them.
Risk analysis.
My recommendation I've done.
Let's go back one.
My recommendation I've done a lot of risk analysis.
A lot of risk as a program manager of many projects.
I have to do risk analysis.
I have to have a very strong risk analysis.
It would call it risk management framework.
RMF.
You have to have a strong risk management framework in order to properly manage your
cost schedule and your performance.
If you have your PMP it's called cost schedule and scope.
So you want to manage that and how do you manage that?
You identify your high risk areas, your consequence and your likelihood and then you try to mitigate
those risks.
There are also other risk strategies like avoiding, accepting, transferring that sort
of thing but in most risks you're trying to mitigate them.
So this is a little bit of tidbit advice here.
Here's how I recommend you do it.
For your risk analysis you're looking to first put a sentence.
What you want to say is if something bad happens.
Oops, I'm sorry.
I had it backwards.
If something happens then something bad happens.
That's the basic risk management framework sentence that you're trying to get after.
So it's called RMF.
So here's an example of that.
If my plane delays then I am late to my business meeting.
Okay?
So that's a good risk statement.
So if something happens something bad results and that something bad impacts usually your
cost, your schedule or your performance otherwise known as scope.
So what you have to do.
So how much you're paying or getting paid, how much time you have to do things and what
you have to do to be successful.
So that's normally what your risk is affecting.
Alright, it's what your then statement is for.
And then if you really want to be an eager beaver you assign a likelihood and a consequence.
So your risk matrix is a 5x5.
So your left hand side, so you go up before you over.
Your up is your likelihood, consequence.
How many times I started this thing?
Risk matrix.
I forget that.
I think it's likelihood first.
Right?
Yeah, yeah, likelihood.
So you go up first.
So you 1 through 5 up.
And so that is your likelihood.
How likely is it?
Five being certain and one being very unlikely.
And then your consequence is your over, your x-axis.
That is barely impacts.
So my delay could be if it does delay, if this risk does happen then how bad would it
be?
And you might say it depends.
But here's how risk works.
You have to project.
You have to estimate.
You have to do the best you can.
Risk is an art form.
It's not really a, it's not like math.
You have to judge based on expertise, experience, and intuition.
So your 5 on your x-axis, your consequence, one being doesn't really affect you much,
barely anything, maybe five minutes late, or affects you greatly and 5 being mission
failure.
So you fail on one of these here.
You go over budget or you go way over schedule or you break your success parameters.
That would be like a 5.
It breaks you entirely and very hard to recover from.
So if you do those two things, you're in a good spot when it comes to risk management
framework.
And that's just, like I said, me being a program manager for the past number of years and I
oversee dozens and dozens of projects for my program.
So we have to do, we have to be pretty strong in our risk management and because we have
so many things tracking against different items.
So as a SIP author, you have to now consider that yourself.
What is your points of failure?
And you're looking for something that's going to affect your cost, your schedule, or your
performance and scope.
Okay.
And if you do the if then statement, if something happens, then something bad happens, then
you're in a good spot.
You're in a really good spot.
Okay.
And that would be your risk matrix likelihood.
So yeah, a little bit of a little bit of stuff right there.
In fact, let's actually slide out of that.
That might be useful later on.
All right, so let's do our RMF and stick that bad boy right here.
And boom.
Risk.
And that what question was that again?
It was question number nine.
So we want is q nine of type form submission form, whatever we go.
And so we have our risk management framework and your basic how do you do it?
And then you have your five by five risk matrix.
And here, let me just let me show you what it looks like.
So you can see it.
If you Google it, you'll find it really, really easy.
Super.
And once you do it once or twice, you can get the hang of it.
You can hang of it just fine.
And so this is from this is from oops, and do that.
Do it here.
Actually, I'll just show you just show you in Google.
Here you go.
So this is what risk management frameworks works like.
This is what all the program managers are doing and stuff like that.
A little bit harder to see, I guess.
Is there?
This is a good one.
This one kind of shows you the spread of if you are a one or if you're a three, which
means the likelihood is possible, and if you are a four, your significant consequence,
you are medium high risk.
Okay, so if you start, that's why you don't want to say like, I'm a five, five, it's definitely
gonna happen.
It's definitely gonna be really bad, because you're very high risk.
It's a severe impact.
That means that you need to risk mitigate big time, you've got a lot to do a lot of
work.
But if you're one one, then you look like maybe you're your paper, your paper whipping
the process, you're not really treating it seriously.
So you want to give it some thought.
And if you construct an if then statement, like we just showed, then you'll you'll be
in a good place to judge what likelihood is it a very unlikely, unlikely, possible, likely,
very likely, or is the impact negligible, minor, moderate, significant, severe, and
work that out.
Yeah, easy peasy.
So your risk matrix likelihood and consequence.
And that's that's what it looks like now.
Okay, so that's cool.
Wasn't expecting to do that one.
But a little a little bit of a little bit tidbits going on there.
Let's go back to our type form.
And where are we?
We're at question number number nine.
Alright, so hit enter and then next alternatives considered is question number 10.
Outline any alternative approaches or solutions you consider during the planning process,
planning phase of your project.
Explain why these alternatives were not selected and how your chosen approach offers the best
outcome in terms of feasibility impact or alignment sandboxes goals.
Okay, so then you type alternatives here.
Hit enter and then you want to go into your budget requested.
So this is another section.
So I didn't should have done that right there.
So budget requested goes into two sub questions.
So it's question number 11.
The budget must be carefully crafted to bring transparency to the community.
And I noted here that the discrepancy that I mentioned earlier, where my Sandel podcast
sip was required to be really, really lengthy and it's in its estimate.
But the the ideal sip that was offered and quoted only gave like a one liner.
And you'll see why that's interesting here.
So just specify the currency is question, some question A, you can select euros, USD
or sand.
Let's just select euros.
So then you some question B is total budget.
State the total cost of your project and the currency previously stated.
Let's just say it's going to cost.
100 bucks.
Oops, that's 1000.
Just 100.
So you can't decibel.
That's interesting.
So you have to round up.
So if you if you calculate specific numbers and you come up with $99.20, you can't you
can't put a decimal you just round up or down.
So I guess $99.20.
Ah, just round out.
I mean, you're your cost estimate at this point.
Then you do the budget breakdown, which is question C. Provide a detailed breakdown of
the costs and ensure the budget aligns with your project's goals and provide a clear justification
for each expense, such as name, budget, duration of months, description and links.
This is the one where it's a little bit.
It probably needs a little help from the Dow team because it's just a singular.
It's just a text box.
So in the old format, you could do a table.
You could do a table and that table could be I mean, you can make it I mean, you could
even create an Excel and then embed it in the in the Google Doc in order for it to be
well formatted.
Makes sense.
Reasonable.
You can take formulas and and then people can retrace your steps.
But so like right here, here's the milestones, by the way, budget.
That's what I did.
I didn't excel because I was required to really detail my my cost proposal out.
And then and then.
But this new type form doesn't let you do that.
It's so I don't really exactly know.
I think what you would do here is you would do, let's say for Sandow podcast, what I was
asking for was a a audio engineer.
So let's say a podcast engineer, which would which would curate the sound like all the
pop pop pop pop pop and stuff like that.
So podcast engineer, you know, I guess name, budget, duration, description.
So I'd hire them through Upwork or Fiverr or whatever.
And they would be says detailed.
So I'm not really sure how detailed they want me to get.
They want me to do, you know, 20 bucks an hour times.
I think it's going to take them five hours per episode.
Now, let's just go two hours per episode equals forty dollars.
Per episode.
See what I mean?
This is how it's starting to turn out now.
But then I have a lot of other positions.
So I have a video editor.
I have a proposing a.
What else?
There's plenty going on there.
Oh, shorts creator.
You could possibly combine these two, but they're not the same.
They're not the same.
If you if you know video editing, they're not the same.
So shorts creator, that sort of thing.
And then and then what do I put like overhead and taxes?
Right.
So maybe I just put overhead now and maybe it's going to cost, you know, 200 bucks or
whatever to to pay taxes on cryptocurrency because it's taxed, especially if you're requiring
people to buy by laws and regulations.
You got to account for that now.
Their tax rules for for this stuff now.
It had been for a number of years.
So you know, and then I mean, are we are we allowed profit?
Can I do like, you know, 25 bucks, 50 bucks in profit instead of doing it for free?
And what else do we have?
I mean, you have accounting systems, you have all these indirect costs that that would that
would have to be accounted for.
And so what is it?
What does it look like?
You know, so am I putting, you know, 200 bucks here for tax?
20 bucks for for.
What was that profit?
Right.
And then 50 bucks for accounting services.
I mean, because accounting is not cheap.
If you own your own business, you definitely know that.
And then then what else am I missing?
I'm missing.
Oh, materials.
Right.
Because if I'm going to start a podcast, you know, I have to.
I would want to make sure that I have the premium of the premium account of what of
RSS.
Right.
Because you can't do much.
You do some things, but if you don't have premium RSS, you are severely limited in your
reach and your ability to produce podcast episodes.
And that costs like what?
100 bucks a year, I think.
And then, you know, linked tree link tree has a premium version.
You can do fine with with free if you really want to.
But the premium version really makes that makes that.
And if you're doing a sip, why not?
Why wouldn't you?
It's 100 bucks a year.
Right.
So this is, you know, this is me doing a semi serious to video editor to say 50 bucks per
episode.
Right.
And then shorts creator, maybe 25 per episode.
So they're hunting the shorts creator will be hunting through this three hour podcast
I'm done right now to find the five, the eight second clip that really has maximum to go
viral.
The video editor is going through all three hours and then taking out the pop pop pop
pops or the stumblings that I do all the time or things I'm like, hey, that really doesn't
make sense.
I put a marker.
Can you go back in and remove it?
So instead of me spending all these hours doing it, I'm now paying a video editor to
do it.
What I mean?
So and the Dow has 15.5 million sand.
It's only spent 15% of it right now.
So there's a pretty good case to be made.
Why shouldn't I be able to hire a video editor?
So there you go.
So here's your budget breakdown and example of it.
And and it's doesn't have quite the power that that you can use to be able to use.
So you have to do this kind of like in a linear format.
So for big budgets, you might be quite challenged to do this.
But you know, we'll figure it out.
I'm going to submit some more sips when I get invited to to do so.
And then I will give everyone an update.
So here it is.
I had to break down.
And I'll just put example breakdown because it's not a real sip.
This is not a real sip.
Sorry admin team.
We're doing this.
You know what?
Let's put that in the description.
That's where we should go.
All right, so we'll do that at the end.
Anyways, number question C sub question C is your budget breakdown.
So you break it down.
All right, so you go next one.
And then you go into the next section.
So the next section is called the implementation plan.
And that's where you put in your milestones.
All right, so here's where you'll see and it itself I didn't really put it here because
it was looked weird.
But each of these milestones themselves have their own like, like, like five subsections.
Oh, here it is.
I put it here.
Each milestone has five subsections.
And so the implementation plan having five, you'll see that in a second.
But I didn't want to do that because it would have kind of made this part look weird.
So just talk through it now.
The implementation plan section in this section, you will be asked to provide milestones for
your projects between three and five.
I didn't miss.
I didn't see that part.
Is it three?
One on a second.
That doesn't sound right.
I thought it was two.
Where's our tears looking for our our new tears?
They are.
Yeah, also, it's at least two.
We're up to 50,000 sips.
Sand tier one sip.
You're you're at least three required is for tier two, which is 50,000 to 200,000 sand
sips.
Okay, so Dow team, just a note there.
Yeah.
Between three and five.
So I need to say between two and five.
And actually, let's, let's, let's mark that so that we can.
Alright, so RMF and then also, let's just call it type form findings.
Oops.
And then we will actually did not didn't see that the first time.
So in this section between three and five, so that three, let's market red.
All right, and then should be two to five, because tier one only requires two.
There we go.
Doing our part.
We'll mark that one.
Mark that red as well.
Actually, it's marked that blue.
There we go.
Easy peasy.
So we are.
Okay sets of what question is that that was question.
But that was the implementation section, right?
So here we go.
Implementation section description.
There we go.
Alright, back to it.
So in this section, you will be asked to provide milestones for your project.
A milestone is a stage that can be used to measure progress towards your final goal.
Progresses evaluated and decisions are made to either continue adjust or conclude the
project activities.
Milestones help track the project's progress, ensure that objects are being met, and provide
a basis for assessing performance and making adjustments as needed.
Okay, click enter.
There you go.
Here's the here's the subsections.
Milestone number one is required.
So milestone one.
Alright, so what milestone would I have for a Sandow podcast?
Let's say, well, what milestone I put?
I think I put so the my sip was to publish think 30 episodes.
So milestone one be published 10 episodes.
So that'd be the first milestone that I'll get paid on.
Actions activities that you will do.
Publish I guess publish 10 videos to YouTube and RSS and Spotify.
Right.
So I published two to multiple things, but these are the three big ones.
Goals you want to reach.
I don't know about that.
Need some clarity from the Dell team because as I do this out loud, it seems like there's
a lot of overlap here.
So if my milestone is to publish 10 episodes, the actions activities I would do published
10 episodes, I guess I guess maybe I could say, do a podcast, record it, upload or edit
it, upload it to YouTube.
Like, I guess so.
Goals you want to reach.
Publish 10 episodes.
I don't know how to reword that one.
Okay, and then oh, there's more.
So there's it 1234.
There we go.
That's where I mentioned it over here.
Implementation plan there's there's five per milestone.
So really, it's a 510, at least 10.
So questions are answering here.
Indicate where the Dell team can track where the Dell team can track progress.
So that's, you know, then I'd give YouTube.com slash Lancer YT.
That's my YouTube channel.
And that's where I put my sand out.
So that's that's where they can check it and expect a completion date so I can publish
10 episodes in, let's just say, three days.
Right, so there you go.
That's just milestone one.
Question 12.
You've got milestone title, actions activities you will do, goals you want to reach, indicate
where the Dell team can track progress, and expected completion date.
All of them are required.
See you not Jackie Chan.
Thanks for watching.
Okay, so there you go.
That's that's an example of the first milestone.
Milestone two is the same and put the title actions activities you will do goals you want
to reach indicate where the Dell team can track progress expected completion date.
So I think for me I had published 20 episodes.
Alright, so I need 10 more before I unlock a payment.
That's pretty reasonable to me.
And then you go through kind of the same thing.
Okay, milestone three says it's required.
So that's where it kind of throws me.
Alright, so question four.
Let's go ahead and put this in our findings.
So question four, 14.
Yeah, 14.
Milestone 13 shows and then milestone three shows as required.
And then I think I only put it was like 100 bucks.
So if it was a smart SIP, then it would not have that as required.
So if I put 200, maybe the smart SIP would then require five.
And you'll see in a second what that looks like.
So the milestone shows required.
Right.
So we want to do that one.
And and then yeah, should be to should be only two should be required.
Because tier one SIPs only require two.
And I input I think I was 100 bucks into the SIP budget.
The SIP cost question.
Thanks.
All right.
So the funny thing is down here at the bottom, the little arrows, you can go back.
So if you hit the up arrow, you can go back.
See what you put.
I put in 100 euros.
That's right.
So milestone two.
Okay, cool.
milestone three.
Same thing.
Let's publish 30 episodes.
All right.
So then here, your goals indicate how they can track it.
Expect the date to kick the down arrow.
It lets you go.
Oh, let's you enter as well.
So you don't have to just hit the enter key, you can hit the down arrow key.
Also in four is not required.
So you can if you have a hundred dollar SIP like mine, then you can just scroll down the
bottom it okay.
Same thing with milestone five hundred dollars SIP not required.
Go down and okay.
In the next section, right?
This is the last section.
The team section.
So the team has 123456789 questions.
So almost there.
Nine questions.
The team says introduce the core member introduce the core team members involved in the project
include their roles relevant experience and any notable contributions in the sandbox or
the game industry, demonstrating the team's capability is crucial to the success of your
proposal.
Okay, so like I showed before, the the old one just had team author background, team
author background.
And so that team author background here is now.
Geez, that's annoying.
That team author background is now split at one question is split into 123456.
Six different questions.
So they really want to know more about people now.
Alright, so you hit continue.
You're now on question number 17.
SIP lead background.
So as a leader, describe your background.
Okay.
So what I'll do is go into my last SIP that I did.
Like it was, let's go SIP number six.
The last one that I submitted.
Alright, and then I'll go down into my my who statement.
Let's put in if I were to do this, if I got invited and I were to put this in normally.
So I had actually let me just show my public one.
I have a I have a SIP that I can show.
Podcast.
Let's do let's do Sandel podcast since I'm already been doing that one.
I have a public version.
Which is really the same.
It's really the same thing as the other one.
There we go.
This is my public.
My public pocket.
The only thing is it removed email.
But everything else is pretty much the same thing.
So here you had like the project banner.
So I chose the banner for course, my podcast was Seb podcast eight.
And then some some detailed stuff that I was going to go.
So in in the Dow and that Dow the document you could create these right I had these that
I created much like I created slides.
And so I could more easily depict that visual like with more funding I can get more guests.
I can do deeper analyses.
I can publish to a lot more platforms like a lot more.
But whereas just me myself and I I'm just going to do the ones that are by default on
RSS that I can that I can reach and then publish them on Twitch and everything else that might
my greater flow channel.
And so where are we going we're going to the who.
So here it is.
So in the who section I have here's Meta Worlds.
Here is a description of Meta Worlds.
Here's my portrait.
Here is a link tree to Meta Worlds.
So if you go there you can see all the stuff that we're up to and then my description.
But down below I have my partner and his founder stuff and then our teammate and her her description.
And down below we have team author background.
I said see the who section.
So you go to the who and here it is.
So this is what I would be copying pasting into the new form.
So let's do that and see what happens.
So I'm pretty sure that the the pictures will not show up.
Pretty sure of that.
Whereas in the current SIPs they do.
So let's see what happens.
Oh that is a lot a lot.
Okay so like we guessed the pictures did not show up.
So right there your graphics and visuals.
I'm not really sure how that's going to pan out because you can't put in graphics and
visuals so it makes it makes communicating much harder now.
But other than that the type form is pretty cool still.
This thing that we're doing.
So you can put in here it is.
And all right and then let's go.
Can I go?
Yeah so it didn't reach a limit.
But let's see what is the limit.
Is there a limit?
Just copy and paste it like six times.
All right can I go?
I can.
Wow okay so there's no limit to that one.
So we're gonna just keep it reasonable.
All right and now we're in question number 18.
SIP lead contribution.
As a leader describe your contribution to this project.
Okay I am the podcaster who conducts the interviews and all the business and overseas business
operations for the Metaverse the MetaWorlds group.
I guess this is a new question.
So that's how I would answer that one.
Team member.
All right question number 19.
Team members background and contribution.
List all project team members including overview of their skill and experience to help the
community understand who the dial is funding and how their expertise will support the project's
success name roles links.
Fascinating fascinating.
I submitted a SIP and a SIP ideas not long ago where I requested that same thing of the
dial team.
So here they're asking for mandatory.
I missed this the first time around.
The mandatory is you have to provide your name your role and your links.
So I guess links would be LinkedIn maybe.
Twitter handle.
So actually I need to revise this a little bit.
As a leader describe your background.
Oh it's just my background.
So you would.
So just Lancer then.
And then this will be part of the team.
It's all team members.
All right so.
That's Lancer.
I do stuff.
And then we have my partner.
My partner.
Oh you have to have the.
So there's the link.
That's the link I would use.
Then shift enter.
There you have your email.
So then you're done.
Don sends my partner here.
And then.
I'm missing my second part.
All right.
But anyways.
Oh wait a second.
That's there's your.
There's your.
Your character cap right now.
That's interesting.
So let's let's make a note of that because your team members.
Your team members.
There's you could have a lot of them.
So how can you include an overview of their skill and that that's not a lot of characters
right there.
Let's take a look.
It's word count this.
Wow.
That's not a lot at all.
So the word count is one hundred and twenty words.
Geez.
OK.
So let's let's make a finding out of that because that if if the the leader background
is unlimited and it's only one person.
But your team members is many and it's hundred twenty words.
Probably need to bring it to any help.
All right.
So findings.
So question are we on now.
Question I think we're on 19.
Yeah.
Nineteen.
So team members.
Max word count is one hundred twenty while leaders.
Right.
Is that what they call it?
The leaders one.
Simply background.
Q 17 is unlimited.
OK.
So team members are could be many and needs base to explain to answer the question.
Like your link could take up 15 percent of your total.
So that needs help.
So we'll highlight that.
That one's unlimited.
So there you go.
Question 19.
All right.
So we want to know that if we hadn't gone through this drill, it's the same thing here.
This one's not as big because it's a contribution like you can you can do that in not many words,
but that's unlimited to.
OK.
All right.
And 18.
So if I were you all until they fix that, I would just put the team members in the question
number 17 simply background because you can explain your your whole team there with a
greater word count.
So we're on question 19, which was team members background and contribution.
So we answered that.
Found out that we had a.
Here.
You know what?
Put it right in here.
Word count Max is one hundred twenty.
Which is short.
You know, I recommend increasing it to explain the team to answer the question.
Do that.
OK.
So next.
What should we do?
We should do that for all of them.
So it was question 14, right?
Let's go back up here to 14.
We can add that.
Here.
There we go.
That's cool.
Yes, that's pretty cool.
And then here you can put.
Here you can put the.
Cool.
They might not read me, they'll see this.
No, it's not a real seven and delete it, but, you know, we try.
We can simply contribution.
Now we're number 19.
OK, now we're in question 20.
Type lead X or Twitter profile.
So you.
HTTPS X dot com and then put your Twitter profile.
Mine's Mr. Lancer.
And then discourse username.
OK, mine's just Lancer.
Right.
Pretty sure.
Yeah, answer.
OK.
And then any other contact details?
No.
They already have my email, so everything.
Then the voting options.
I'm sorry.
Let's go back.
So question 21 was simply discord username.
So put your discord username.
Question number 22 is any other contact details?
It's not mandatory, so you can put not applicable if you want to.
And then question 23 is voting options.
So this one has yes, no, no, same as answer one and ABC is answer two.
So the interesting thing here is on on the word doc.
If you went down to.
Voting options you could include here what it was.
So ABC you would replace with with.
With what your options would be.
That's how GameJant did it.
They had like 15 different options and they were the winners or the.
The finalists and then you choose the winner and all that.
But here is yes, no, stain.
That's your normal one.
But here if you choose ABC.
Then it doesn't.
It doesn't give you the option to.
Specify what those are.
It just moves you to the next question, which is question 24 and it's additional resources.
But if you choose the first one.
Then no change.
You move on to question 24.
OK.
And so we can put.
So we can put as a finding here.
Question 23 voting options.
We can put.
We can put what.
Choosing ABC.
Doesn't allow us to.
Specify what the voting options are.
And another question.
A follow up.
Asking for voting options.
So there's that.
And now we move on to.
Question 24 additional resources as the as the.
A placeholder fill in here it says HTTPS so I guess they want to link here.
They really say what this is for.
There's no subtext.
So we'll just.
I don't know.
It's just but not applicable.
Oh wait a minute.
If you put not applicable then it says hmm that web address doesn't look right.
Check for any typos or errors.
So it really does want to link.
Want to link really bad.
So let's just not put a link up press OK.
And it won't let you.
OK so additional resources is actually.
A requirement.
It doesn't say.
But the web form won't let you the type form won't let you proceed unless you put.
So let's just see what we can do.
Just copy and paste.
My Twitter profile.
All right don't really know what this is for.
Additional resources.
And let's make a finding out of that.
So that's question 24.
And it was additional resources.
Form marks.
Form makes this mandatory.
To enter a URL.
I guess.
And cannot proceed without entering.
A link.
All right.
So there we are additional resources.
Additional notes.
Thank you.
Thank you for your time.
Admin Dow.
Or Dow admin team.
This was a.
What do I want to say.
This was a practice sip for the Sandow pot.
Now that wasn't a practice.
It was.
This was.
Used to showcase the new.
Type form.
The new form.
On Sandow.
Podcast.
35.
OK.
And.
You know I'm not going to submit.
But if you submit then it will show you.
This.
Thank you for your submission.
The Dow team will review your sip and get back to you.
OK.
So there you go.
That right there.
That's new sip form.
That took a little bit of time to get through.
It is it does take a little bit more time than previously.
So let's go through.
So those were our findings right that there's a risk management framework and we could put
a risk cube there probably.
I'll do that some of the time.
And so yeah we went from 17 questions to 25.
And a tight form that doesn't allow for graphics or tables or anything like that which would
really help.
So kind of limits now the but maybe it's just the first iteration and we the Dow team can
work on it in the future.
All right now here is I basically copy and pasted all the questions and put them here
in the slide.
We just went over this questions one two three four five question five had three six eight
you know eight sub questions.
They had proposal details and proposal details had questions six through eleven eleven eleven
had two sub questions and then you go to the second page implementation had had five milestones
three of which were mandatory.
So let's mark that and it was one two three four five so five sub questions per milestone
four was not mandatory.
Yeah there we go let's do that.
Let's make that so we can make that way easier now.
So they all had five questions but only one through three were mandatory and then the
team all of them had they were all normal questions but additional resources was mandatory
as well and then that this right here.
So that was eight question and then this one had two questions.
All right cool.
So there we are.
Thank you for your submission Sandbox style team using the type form.
Questions one through twenty five.
All right.
So we're almost at the end now.
If we were to draw out some stats which I did to try and quantify the differences here's
what it looks like.
So the new SIP process it changed the open system to an invite system.
It increased five steps eight steps and increased about 150 days timeline to a 270.
It reduced nine budgets to four.
It reduced the fifteen point five total SIP pool down to seven point four million.
That's the 52 percent deduction.
And went from one SIP tier to three SIP tiers and that's based on the based on the 50,000
the 200,000 right.
The milestones were different and then increased a 17 question template to a 25 question type
form.
So those are the quantifiable differences between the old process and the new.
So the old process which began in May was that five step process.
We went over that and then the new process which replaced it this month in October now
eight steps going from submit your SIP to SIP ideas go through the submission form process
receive your DOW admin team review special counsel recommendation then you refine a review
your SIP although probably for the second time and then SIP public discussion after
that which is your 14 day period on the DOW forums then it goes to vote for 14 days then
you go into SIP implementation if your SIP is approved by the community.
And there we go we won't we went from the that's that went from an open system to invite
system reinvent invite the members of the DOW admin team invites to propose.
There's the quantifiable stuff again and now we roll into I didn't see any community questions
that hadn't already answered and I don't have any additional open topics although I do want
to there were there were a number of of considerations for the DOW for SIP authors and business people
to pay close attention to for them to be successful in the new SIP process.
Many things changed and new rules were added and let's say actually let's do this new rules
the the limit on exposure so what's a better word for that not liability financial oh financial
limitation on volatility right and and now gathering feedback is much more important
because you now have to get invited to be invited I guess maybe not even gather feedback
what a popularity I don't really know what the what the standard is but whatever the
standard is to be invited now is the the thing at which people have to pay attention to so
that's that's a change from the old process so there you go so if you're a business person
you now have to you now have to contend with the new process and the new rules and figure
out how to be successful in it and that's all we have so future episodes I just completed
the the SIP process so that's episode 35 episode 36 is pretty much already done because of
how much work put it was put into episode 34 for the birth of the Sandbox DOW so episode
36 which is the next one might be done by this week but maybe next week we're going
to do it on the Dow Constitution articles of incorporation and memorandum and articles
in memorandum of incorporation corporation I think it's association articles of association
yeah and memo of association as well so those are the the required articles articles that
required documents by the Grand Cayman Islands to have a business there so we're going to
read through them and go through all the the comments that I had this was like sip five
that I started it but I didn't I didn't do it at sip five I just started it I had some
podcast streams unofficial that went through all this and now now I'm actually done with
it to where I can present it and I have the benefit of 35 episodes to to make it better
so we're gonna do that next and then closely followed by a follow-up of magic palette with
Pepe he's got some new things to share and then I think I'll start my sandbox ecosystem
mini series I'm really looking forward to that because it'll be like a kind of a deep
dive into each sub ecosystem for the Dow the creators the market the gamers and I think
for the creators now I'm still gonna do another episode for say 20 way for December I'm gonna
do the business of the sandbox creators right the business of oh of being a sandbox creator
there we go that's what it's probably gonna be and it's going to be kind of like an analytical
accounting level view for why studio struggled so much and I'm gonna be speaking from pretty
much personal experience because if we had we had a good business plan going in you got
met with reality we didn't succeed in the in the ways that we really wanted to and as
you saw with the departure of to Shay and tempest and others we are that's kind of a
shared experience so there's some things that I'll recommend some things some findings out
of that that made it difficult to survive but I'm still here I'm just doing it on my
own time and I'm not really I'm not getting paid at all I'm not not being compensated
at all so I do I'm here because I love it and I'm invested and specifically for the
Dow it's the combination of gaming unity leadership and business and I love those things
so here I am for our spaces if you are looking to connect to the sandbox and the sand fam
where we gather where we're in the discord sub channel is Dow discussion so you can look at
that then there's a sand off sandboxed out forums then there is X and Twitter and there's quite a
number of spaces going on took in the next slide but hashtag sand fam hashtag the sandboxed out
hashtag the sandbox game follow the sandbox Dow Twitter X page and then YouTube right now it's
it's really just myself and the sandbox style YouTube channel which just started like a couple
weeks ago there are a bunch of other YouTube channels but they're not there they're like quest
walkthroughs so there's a lot of that going on because of the alpha season 4 and if you watch
my 24-hour stream you'll see me feature those people who have their their quest tutorials so
there's a lot of them check them out sandbox spaces there's a there's at least five actually
there's four sorry that last one is a is a YouTube so I need to put that in YouTube yeah
so the first one is mocha first hall on Mondays also called UGH United Grand Halls and then bowls
on the block on Saturdays they are mostly they have they have a plot of land on sandbox so they
are both a coin Dow as a delegation and they are sandboxed out then you have Monday through Friday
we just caught with captain they sometimes cover sandbox but mostly they're they're a coin down
then you have whale members so they just launched their whale Dow they have they are one of the
largest landowners in all of sandbox so well members they do natively digital on Tuesdays
and then Sand Vam Cafe is a YouTube channel practitioner I need to put that in the other one
but YouTube they do it monthly although he hasn't done it the last couple months and that's that's
pickaxe master Bruno and I did that that was episode 17 but check him out he's awesome I
really like pickaxe master he's also a well-known studio yes him a like and follow and go to the
sandbox style YouTube page yeah it's only one Bobby's Bobby's intro video two weeks ago but
he's gonna be starting up office hours and all sorts of stuff and subscribe I'm not logged in
right now otherwise that would show subscribed yeah subscribe this was send a podcast 35 we
went over the new sip process we went over the context so all the announcements and we went
over the guidelines and which was that the guidelines page then we went over the type
form submission form and it its details there and it changed a lot change the process so take a
take a look this was a three oh four four oh my gosh four hour long podcast that's how long it
takes to get through this by the way so use the use the chapters to help get you through all this
and yeah thank you all for your time go Sam van you