Open-Source Audited Framework to Raise Funds for Documentary Production

[GENERAL] Name and surname of main applicant

Scott Collins

[GENERAL] Are you delivering this project as an individual or as an entity (whether formally incorporated or not)

Entity (Incorporated)

[GENERAL] Co proposers and Additional applicants

N/A

[GENERAL] Please specify how many months you expect your project to last (from 2-12 months)

2

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language.

No

[GENERAL] Summarize your solution to the problem (200-character limit including spaces)

We will create an audited capital raising and distribution framework, specifically designed for blockchain. We will create a framework for documentary production, and have it independently reviewed.

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

No

[GENERAL] If YES, please describe what the dependency is and why you believe it is essential for your project’s delivery. If NO, please write “No dependencies.”

No Dependencies

[GENERAL] Will your project’s output/s be fully open source?

Yes

[GENERAL] Please provide here more information on the open source status of your project outputs

Yes, the outcome of this proposal will be completely open-source. It will be published on GitHub under the Apache 2.0 licence.

[METADATA] SDG rating

4 Quality Education

9 Industry, Innovation, & Infrastructure

12 Responsible Consumption & Production

[SOLUTION] Please describe your proposed solution.

What are some use cases/examples of usability of the outcomes of this proposal?

• A media production company uses the framework to plan their own fundingraising, production, and distribution of sceen media content using cardano blockchain. 
• A developer plans the smart contracts needed to distribute screen content using the framework as a guide

How does it work?

• The framework is used by accessing it on GitHub, and then using it as the basis for new fundraising, production, and distribution. It is not a software solution, but rather an audited planning framework.

Describe the user journey of using our solution

• A documentary is under consideration for production, and uses the framework to plan
• A tokennomics model is produced using the framework that has capacity to fund a production, and provide utility for holders, without becoming an investment vehicle
• The framework considers the raise, the production, and also the distribution of the finished documentary via blockchain

Special features of our solution

• Independent peer-review, feedback and draft editing of the screen media fundraising framework, by qualified professionals in the accounting and legal fields.
• The framework will aim to meet the needs of screen content consumers and producers, including jurisdiction requirements. Australia and Europe will be contrasted as jurisdictions for this proposal.

[IMPACT] Please define the positive impact your project will have on the wider Cardano community.

Creating an open-source audited framework designed to raise capital to produce screen-based entertainment with the intent of distribution on a blockchain could greatly benefit Cardano. The framework would serve as a model for facilitating the creation of content by providing a structured and independently reviewed approach. This would contribute to fostering a more robust and independent media production environment for Cardano.

Overall Project Success Metrics:

• Project Completion Time: Compare the actual completion time of the entire project with the initially estimated timeline to assess efficiency.
• Budget Adherence: Evaluate the project's financial performance by comparing the actual expenditures with the budget allocation for each phase.

Impact Assessment:

• Community Engagement: Measure the level of engagement and feedback from the Cardano community regarding the published Tokenomics framework.
• Media Coverage: Track media coverage and mentions related to the project to gauge its visibility and impact on the broader community.

Tokenomics Framework Effectiveness:

• Framework Utilization: Assess the extent to which the Tokenomics framework is being used as a reference by other projects or individuals within the Cardano community.
• Quality of Implementation: Evaluate the effectiveness of the framework by analyzing the success of projects that have implemented its recommendations.

Long-Term Impact:

• Project Influence: Monitor the extent to which the open-source framework influences subsequent projects in the Cardano ecosystem.
• Policy Impact: Assess any impact on Cardano's policies or practices related to fundraising and blockchain development.
• An open-source framework will be created and hosted on GitHub under the Apache 2.0 license.

[CAPABILITY & FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

Our team, comprised of key members Scott Collins and Kristen Bouwman, are poised to deliver the project with a strong emphasis on trust and accountability.

Scott Collins has been engaged deeply engaged in Cardano since 2017, and has both user and developer skills and perspectives. Actively contributing to Cardano's community development, Scott has developed an NFT series previewed at Rare Bloom 2022 and Rare Evo 2023, showcasing a robust understanding of blockchain intricacies. Scott has previously worked in video and documentary production, with a decade of experience.

Kristen Bouwman, an adept community manager, excels in fostering connections within the Cardano ecosystem. Regular attendance at events like NFTxLV and Rare Bloom demonstrates a commitment to community growth and staying abreast of developments.

[Project Milestones] What are the key milestones you need to achieve in order to complete your project successfully?

Research Phase: Conduct research on Tokenomics for fundraising using blockchain.

Research phase KPIs:

• Number of hours dedicated to research.
• Number of relevant sources identified and analyzed.
• Completion of a literature review on blockchain Tokenomics.

Writing Phase: Develop a well-structured and informative document outlining Tokenomics for fundraising in blockchain.

Writing phase KPIs:

• Number of drafts produced during the writing phase.
• Word count and completeness of the document.
• Inclusion of key elements such as token distribution, utility, and governance.

Accountant Review Phase: Ensure the financial aspects of Tokenomics are accurate and compliant.

Accountant review phase KPIs:

• Number of consultations with the accountant to review financial aspects.
• Accuracy of financial projections and models.
• Compliance with financial regulations and best practices.

Lawyer Review Phase: Ensure the legal aspects of Tokenomics are compliant and legally sound.

Lawyer review phase KPIs:

• Number of legal consultations to review Tokenomics.
• Identification and resolution of legal issues.
• Compliance with relevant blockchain and financial regulations.

Draft Editing phase: Refine and improve the drafted Tokenomics framework for clarity and effectiveness.

Draft editing phase KPIs:

• Number of editing sessions with professionals.
• Clarity and coherence of the document.
• Incorporation of feedback from professionals.

Publish Research: Publish the researched and refined Tokenomics framework for public access.

Publish research KPIs:

• Successful publication of the Tokenomics framework document.
• Number of views, downloads, or other relevant metrics on the published research.
• Positive feedback or citations received from the community.

[RESOURCES] Who is in the project team and what are their roles?

Scott Collins - Conducting tokenomics research, drafting a fund raising and distribution framework, arranging the peer-review process, drafting final product

Kristen Bouwman - Organizing research, drafting a fund raising and distribution framework, communications, drafting final product

[BUDGET & COSTS] Please provide a cost breakdown of the proposed work and resources.

The costing is estimated at a legal/accounting team being valued at $225 per hour.

The time is estimated at 2 full days of a firm's time, 16 hours.

So, each firm has been budgeted 16 Hours x $225/hr = $3,600.00 per firm.

We intend to engage a law firm and an accounting firm in Australia, and Europe.

So, 4 firms in total will be engaged $3,600.00 x 4 = $14,400.00.

The cost of project team members' time is factored at $2400 each for their total time commitment. We have 2 team members. This is estimated at $300 per week, per team member, over 8 weeks.

So, $300 x 8 weeks = $2400.00

$2400.00 x 2 team members = $4800.00

Budget:

-Accountants

---Australia $3,600.00

---Europe $3,600.00

-Lawyers

---Australia $3,600.00

---Europe $3,600.00

-Team members

---Scott $2400.00

---Kristen $2400.00

Total budget: $19,200.00

$0.38 USD/ADA

Total: 50,526.31579 ADA

[VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

Once complete, this proposal will help more people produce independent media content using blockchain for fund raising, production, and distribution. This proposal will provide an open-source framework that encourages more producers to move to blockchain for it numerous benefits.

[IMPORTANT NOTE] The Applicant agrees to Fund Rules and also that data in the submission form and other data provided by the project team during the course of the project will be publicly available.

I Accept