African Cultural NFT Treasury Model

Capture African cultural history using illustrations, stories, and other elements of African world culture.

Sidney - Technology,  communication 20yrs

Rerhi - Writing, communication 20yrs

Osh - Illustration 5 yrs

Jacob - Graphic design 3 yrs

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.

1. Record for posterity on the blockchain.
2. Way to generate blockchain and technology use cases for Africa and other developing nations.
3. License the ownership of the the value wrapped in cultural story through NFTs
4. Value will be used to compensate interviewers, story subjects, and storytellers.
5. 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