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wslyvh / tokenlog

This repo is no longer maintained. Check out the fork at General Magic
https://github.com/GeneralMagicio/tokenlog
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Support for voting using ERC721 tokens #19

Closed adrianleb closed 3 years ago

adrianleb commented 3 years ago

Hey all, At @ethblockart, we're looking at using tokenlog for a public-facing product backlog, assigning voting power to NFTs minted by participants in the system rather than implementing a governance token.

Given our plans to have 3 different NFT primitives with different properties and utilities, we think this could be a great opportunity to experiment with a few variations of this model and an initiative that we can approach as a rolling collaboration.

Today we have 2 of the 3 primitives deployed to mainnet. When thinking about voting power, this comes to mind at a high level:

BlockArts are the core primitive NFTs in the system, created by any participant, using BlockStyle NFTs as a template. these could be a good fit for a 1-token, 1-vote like model. It is likely for participants to one more than one BlockArt.

BlockStyles are scarce NFTs, created and initially owned by creative coders and used within the platform to seed the creation of N BlockArts. these could be good for a 1-token, n-votes model, giving a louder voice to system participants who have the system's success and health aligned with their own incentives.

I would love to hear what others think of this idea and how we could approach this exploration!

These are the addresses of both tokens:

BlockArt NFTs: 0xb80fbf6cdb49c33dc6ae4ca11af8ac47b0b4c0f3 BlockStyle NFTs: 0x73c8460f8043a4521c889a3cc23d1c81214a1d25

Thank you!

wslyvh commented 3 years ago

Hi, thanks for submitting this Adrian! It's definitely interesting to implement ERC721 as a new way of voting.

I think your idea of giving different voting power per NFT makes sense. So BlockArts represents 1 vote, while BlockStyles are more scarce and could potentially having more voting power. Happy to explore and see how we can implement different strategies.

I can imagine both NFT-holders will still vote on the same issues (same repo), right? That would mean a single repo, should support multiple tokens? I'm implementing something similar for TEC #17

wslyvh commented 3 years ago

Standard 1-NFT, 1-vote completed. Example repo at https://tokenlog.xyz/ethblockart/backlog

Happy to talk about other mechanisms and strategies, but closing this issue for now.