Summary

Creator contests, largely inspired by prophouse, are an initiative in incentivizing community creatives, builders, and artists with retroactive rewards. Every 1-2 weeks, SharkDAO will run a contest in which participants will compete for ETH / ERC-20 / ERC-721 rewards. Whereas prophouse is designed to award grants for standalone projects, creator contests serve as a means to retroactively reward members for smaller contributions which are internal to SharkDAO and NounsDAO.

Motivations

• Incentivize creatives/artists/builders with voting power or other rewards
• Offer path to membership via proof of work which may otherwise be unattainable
  • Looking forward, it’s possible that SharkDAO membership costs (pfp / token) could price out constructive community members. Contests could be utilized to allow individuals to gain access by winning contests.
• Attract more creatives to the ecosystem
  • Cementing ourselves as a place that actively incentivizes and rewards artists/builders/creatives will attract more creatives to the space and greatly benefit NounsDAO and SharkDAO.
• Gamify collaboration amongst community members
  • With various tunable contest parameters, SharkDAO leaders can create scenarios that incentivize participants to collaborate. This could surface as the creation of new community projects, proposals, and efforts.
• Curate excellent contributions
  • For example, Art Reef and NounsDAO curators can hand pick submissions from Nounish art contests to feature in other products or help develop into projects of their own
• Increase governance participation
  • Theoretically, incentivising creators and ushering them into ongoing projects will, as a byproduct, turn them into thoughtful/honest governance participants if they aren’t already.

Example Use Case

1. SharkDAO creates a contest with a duration of 1 week and a reward pool of 100,000 $SHARK. SharkDAO defines winners as the 3 submissions that receive the most votes. 60% goes to 1st place, 30% to 2nd, and 10% to 3rd.
2. SharkDAO creates prompts for the contest. Examples of possibly interesting prompts include novel nounish artwork, Nouns lore, jokes, memes, development work, etc.
3. SharkDAO starts the contest.
4. Submittors visit the contest and post their submissions to prompts.
5. Submission period ends.
6. Voting period begins.