GrantShares has welcomed an influx of new proposals and discussions through the first months of 2023. Meanwhile, a number of previously accepted proposals reached maturity, including the NeoCompounder dApp and a dual-token economy research paper.
To date, 21,430 NEO and 165 GAS have been allocated across 15 proposals, amounting to approximately US $210,000, based on the exchange rates during each distribution. The treasury currently holds 5,036 NEO and 3,724 GAS.
William Song, the developer behind the cNEO project, delivered an MVP for the application in January. This was followed up with a second proposal, requesting 811 NEO to fund contract auditing costs by Red4Sec, which was accepted on Jan. 26. In March, Song launched the MainNet version of NeoCompounder.
The Voxiberate team used its MVP to host its first pilot with Neo ecosystem members. In the session, participants shared perspectives on the best ways to attract builders to Neo. A second proposal was opened, seeking 2,223 NEO to fund various product enhancements and operational costs. This proposal was accepted and executed on March 13. Improvements to the reward system, with a focus on Web 2.0 integration, alongside core feature improvements, are among the goals. Additionally, the team aims to pilot the project with DAO, city government, and members association entities.
Professor Nicola Dimitri delivered the final version of the first dual-token economy research paper, providing an analysis of the speculation potential in two-token economies, such as with NEO and GAS. The paper explores how an unchecked GAS yield rate could destabilize the platform by incentivizing speculation and finds indicators that can be used to determine safe limits. A second proposal is also being prepared, requesting 1,400 NEO to fund a second paper, which would analyze how the GAS token market price is influenced by supply and demand, and the monetary dynamics that would result from user decisions in governance.
A proposal to create an advanced Neo analytics dashboard with a price forecasting game dApp was submitted by Rob Liou. Liou requested 485 NEO for development of the dApp, which would provide the ecosystem with an engaging tool for predicting price trends. The proposal was accepted on Jan. 30. A preview version of the dashboard was released in March, which incorporated Liou’s previously developed seasonality discovery and price regression engines. Currently, the focus is on development of the smart contract for the price forecasting dApp.
The Neo-Kenya Community proposal, which was canceled on 3 March, initially sought 740 NEO to establish a Neo community in Kenya. The project aimed to concentrate on nurturing developers and builders, educating businesses on blockchain implementation, and promoting blockchain education in the region. The proposal was withdrawn with plans to resubmit, following feedback requesting more verifiable information to strengthen its case.
A proposal to implement a Rust NeoVM was opened and later canceled on March 12. The proposal, submitted by a core Neo contributor, aimed to facilitate Layer 2 applications such as ZK rollups and bring support for Rust to the Neo community. However, the community’s feedback suggested that another VM implementation was unnecessary, and that a Rust smart contract compiler or SDK would be of higher priority. Despite the cancellation, the submitter plans to continue working on other tools in the ecosystem.
An application was submitted that requested 1,000 GAS for creation and management of a Neo account on Crew3, a Web3 social media and content sharing/rewarding platform. The author has since been actively answering questions about Crew3 and the proposal scope, with discussions still ongoing among the community members.
The initial KIKA Software Company proposal was opened in March, aiming to build a software company that produces multiple Web3 dApps and requesting 5,000 NEO in funding. After being advised to narrow the scope and budget, the author resubmitted the application for 2,000 NEO, focusing on the development of web and mobile versions of KIK-SEND, a centralized payment service app. The proposal was pushed on-chain for endorsement without waiting for further feedback, but has not received any to date.
The OpenBiSea.io proposal was submitted in March, seeking 5,000 NEO to integrate Neo N3 into its NFT auction house and DEX. Another related proposal was opened, requesting an additional 5,000 NEO to fund the development of motoDEX for Neo, a blockchain-based motorcycle racing game where users can develop their riders. No further discussion has been generated at this time.
Pixudi plans to create a board racing game on the Neo platform, blending traditional game mechanics with NFTs. Players will roll dice to progress and compete, collect treasures, and complete missions across multiple game boards featuring unique mechanics and minigames. The game will offer collectible items such as characters and pets, which can be traded among users. Adopting a free-to-play model, Pixudi aims to make the game available online and on the Nintendo Switch. With plans for a cross-chain ecosystem and its own marketplace, the team intends to release a web alpha version in Q2, followed by the Switch version’s development throughout Q3 and Q4. Pixudi is requesting 4,065 NEO to bring its game to the Neo ecosystem. In discussions, the team disclosed its multi-chain plans and ongoing alpha game testing.
Visit the GrantShares platform to view and participate in discussions for proposals at the link below:
About The Author: Brett Rhodes
Brett is a blockchain enthusiast and freelance writer who originally began producing content for the gaming & eSports industries. Now he spends most of his time contributing in the Neo ecosystem.
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