Detailed Plan
He who forgets his past is lost
(African Proverb)
African Culture
According to Wikipedia, African culture dates back hundreds of thousands of years. At one point in history, Africa thrived and was considered to be the center of the world economically, culturally and in many other measures.
There are many African stories and cultural impressions that have survived the test of time. Moreover, there are new and compelling cultural stories being created across Africa and the African diaspora everyday. African Cultural NFTs will capture the ancestral story as well as the modern day story in illustrations, story, and other expressions of African cultural story.
This is a Wada treasury project. A percentage of the proceeds that result from the sale and resale of NFTs will be used to fortify the Wada treasury as a liquidity provider.
Wada Treasury
- Infrastructure projects
- Education initiative
- Other Wada priorities
Artist(s) will retain 0% - 85% from sale of the NFT (Artist incentives for funding the treasury).
Wada treasury will receive 15% - 100% of the sale (perpetual) of the NFTs through the Wada network.
Illustrations and Story
Artists will create illustrations that represent specific characteristics of African ethnic groups / tribes both on and off the African continent. In some cases the illustrations will be accompanied by story. In other cases the story and / or the illustration might be delivered independently.
We plan to offer several different NFT expressions (illustration, story, song, etc.)
Interviews
We will conduct well-designed audio and video interviews with various communities. Stories, illustrations, etc. will be created based on such interviews and shared in various formats on various networks. The interviews will serve a few purposes.
- Record for posterity on the blockchain.
- Way to generate blockchain and technology use cases for Africa and other developing nations.
- License the ownership of the the value wrapped in cultural story through NFTs
- Value will be used to compensate interviewers, story subjects, and storytellers.
- Value will be used as a financial input to Wada treasury for financing projects on the continent and in the diaspora.
Key Objectives:
- Conduct research and develop architecture for building up a collection of stories to be preserved in the blockchain into perpetuity
- Identify a mechanisms for weaving narratives through stories that speak to our higher aspirations
- Identify ways to circulate the stories in various formats
- Discover local technology uses cases based on insights gathered from stories
- Forge a NFT architecture that captures the value of cultural story
- Design an economic structure that compensates all contributors as well as finances Wada treasury.
Consequences:
- Addon to the Wada membership portal that uncovers and preserves cultural history of Africa, diaspora, and other cultural representations
- Economic design for compensating interviewers, storytellers, story subjects, and others involved in the creative process
- Financing mechanism for Wada treasury
Launch Date
Q4 2022
1-3 months
Project team formation
Research
Interviews
NFT design
4-6 months
Requirements gathering and solution architecture
6-12 months (subsequent project phase)
Integration into membership portal
Wallet integration
Treasury integration
Project Team Lead
Sidney Nicholas WADA
Sidney has over twenty years experience in technology. In the most recent stage of his career before transitioning to FinTech, he worked as an analyst in the digital marketing space. <https://www.linkedin.com/in/sidneynicholas/>
Phase One Budget
Project Management
Research
Interview framework
Story framework
NFT design
Launch first series in Wada membership portal, analyze feedback
Token policy design
Contract design