What is the Art Award in the web3 era?

Recently, the "Ruoshui NFT Art Award" started, and the first place "Special Award of the Academy of Culture and Policy" can get a bonus of 1,000 XTZ (approximately NT$110,000), and everyone can submit papers for registration, regardless of type, age, or age. Bai Dashen can participate. ( detailed introduction )

In addition to the attractive bonus, the organizer akaSwap itself is a qualified decentralized NFT platform. When Art Awards meet web3, what sparks can be produced? The brain-opening bean puree is about to make a fool of yourself again. Today we will discuss the new model of governance tokens and the evaluation mechanism of the art award.

Disclaimer: The following mechanism charts and remarks only represent the position of bean puree. AkaSwap officials have not promised to implement this, nor have they said when it will be technically implemented. As a co-organizer, FAB DAO provides public welfare matching services.

In the following, I will use the public information of the Ruoshui Prize and AkaSwap's current governance token, AkaDAO, as a blueprint to make assumptions.

The traditional selection of art awards is carried out by an authority.

Regardless of whether the organization is temporary or permanent, and whether the review is named or anonymous, the selected works must have the status of public opinion after all. High-status awards are usually guarded by first-class experts, and the evaluation mechanism behind each award has evolved into a form that best meets their core goals.

In the age of web3, when we talk about art awards, what are we talking about?

Art Prize as a Education? Manipulate? Curation?

If we regard the assembly of expert opinions as a means to "educate" the market, then the art award is an indicator of elite speech;

If the expert opinion is regarded as a niche "consensus", then the art award is a visible hand, which is a non-market reallocation of resources.

This time the bonus is not a small amount (the total amount is 300,000 Taiwan dollars), and this consensus will affect the market transaction volume. If the winners re-enter the art market, their liquidity will become an indirect consensus in the market, and the judging can be regarded as an indirect trader.

If the Art Award is regarded as a new type of curatorial machine, the exhibition represents the will of the platform. The platform side chooses the judges, the judges select the works, and the winning works eventually become an exhibition indirectly selected by the platform side, which may slightly affect the style of the art platform.

All of the above sounds like a little bit of power concentration and re-centralization.

However, after rolling around in the pool under the banner of decentralization for several months, I gradually no longer believe in pure decentralization, and the ultimate decentralization is a mess. What I now believe is that the web3 world can make it easier for "consensus" to resonate in the structure (see Ways of Watching Power).

Because everyone believes, so everyone turns synchronously, and the wind direction will change synchronously over time.

In my mind, the web3 Art Award is a collaboration between the market mechanism and the jury. The birth of the award-winning object requires the baptism of the market and the favor of the jury. This may be accomplished through "liquid democracy" and simple staking mechanisms.

And AkaSwap is very likely to do this.

Briefly introduce AkaSwap as a web3 platform and what products are currently available.

AkaSwap is an NFT trading platform located on the Tezos blockchain. Its contracts have been successfully connected with other overseas platforms, so you can list NFT works on Akaswap, and at the same time you can read and trade on other platforms. This is the most basic web3 features.

At the same time, as a web3 platform, AkaSwap also distributes akaDAO governance tokens, with a total of 1 million tokens. The distribution method is obtained through transactions and divided according to the transaction amount. As long as the transaction volume is larger, the more akaDAO tokens can be obtained and the platform users will be rewarded.

For example, last week, FAB DAO used a lottery package to sell the public welfare Sichuan Fritillaria cat. It sold about NT$200,000 and obtained 220 akaDAO tokens. Currently, one akaDAO token is about NT$5.

In addition, if you are the holder of TezDozen animals (commonly known as Chuanbei hen), you can also exchange akaDAO, which is a kind of hold to earn.

akaSwap uses a smart way to decentralize the governance power that will be devolved in the future.

It just happened that the appearance of "Ruoshui Award" this time gave me an epiphany, akaDAO can actually produce functions immediately.

Mortgage voting.

The current "Ruoshui Award" selection mechanism is divided into two stages. The first stage is market screening. The top 22 transactions enter the second round of selection. The second round is selected by a jury composed of experts and scholars. As far as I know, the reviewers are all A moment-to-moment choice in the tech art world. Finally, 9 winners were selected.

akaDAO holders should be able to stake tokens to trusted judges, giving judges a higher weight to evaluate entries.

Therefore, the winning works will be jointly generated by the "market mechanism", "judging will" and "DAO member will". This is a neat and powerful model.

Personally, I think this mechanism is perfectly compatible with the akaDAO governance token.

First of all, users must create, sell, and collect on the NFT platform in order to obtain akaDAO governance tokens. A large number of transactions will generate a large number of tokens, so large governance token holders represent the voice of the "market".

In the "Ruoshui Award" rules, the first round of the top 22 passers by transaction volume is also the consensus of the market. (Ignoring those who wash the list and rush the list first, but the behavior of cheaters is good for the platform, because the transaction volume of the platform increases, and the handling fee can be earned more).

In my vision, with the first round of passers into the second round. akaDAO holders also have the right to participate in the second round of selection. The platform side first selects a jury of its own will, and the intention of the platform operator can be seen from the review list, but governance token holders can decide the weight of the review list, or even veto specific reviews.

To explain more in depth, for example, I have 1000 akaDAO tokens in my hand, I can spread the mortgage to my favorite reviewers, or only stake on my favorite reviewers. Each reviewer generates a voting weight based on the number of mortgages on his body. If the judges perform badly, they may not get a single vote. The above is a small application of liquid democracy.

Of course, there are still many subtle mechanisms that need to be designed for reference, such as how to take into account the face of reviewers, how to design single-blind measures (so that reviewers do not know their own weights), how to weaken the weight of head reviewers (such as the square voting method), and how to avoid List-washing arbitrage (such as early snapshot allocation of token governance rights), and even how to decide on the jury list, are good topics worth discussing.

When the tokens in the hands of all governance token holders enter the mortgage selection, a new consensus is generated. This is a new consensus that integrates "market" and "judgment". Such a gameplay is a possible form of web3 art award. .

There is no binary opposition between the jury and the market mechanism, and they can be connected in series and in parallel due to demand.

Above, I integrated the DAO governance token into the design of the art award selection criteria. In fact, any subject related to "resource allocation", such as "award", "subsidy", "relief", "incentive measures", can be similar to decision makers can adjust the spectrum between the market mechanism and elite institutions to achieve the standard that is most in line with the significance of the times.

Of course, these gameplays will be established, all because akaSwap already has a good web3 platform innately, and there are normal market mechanisms in operation, and even Fair Drop governance tokens.

DAO is to NFT what "art award" is to "art".

The world of the future is flexible and resilient, and we live at the dawn of a new era.

A little opinion to share with you.