Some thoughts for Pele Network.

White Paper:

https://peledao.app/White-Paper-2-0-ee974ae822734cd2ac22eb11df911d8f

Pele Network One Sheet

Hi Jordan, thanks for inviting me to join the DAO treasury as a member. As I mentioned in the Telegram chat, I really appreciate this opportunity, although I'm not yet sure how I can be of help to the Pelenia project.

In my opinion, being a member of DAO governance should not be a passive role. Instead, it should be viewed as a process of entrepreneurship, where everyone actively contributes and utilizes their personal strengths and abilities. Only in this way can DAO governance be meaningful and achieve tangible results.

So some of the questions we need to answer are, what exactly are we expected to do as DAO members? What are our responsibilities and tasks? And how do we ensure that each DAO member can work together effectively to make the governance process more than just talk, and actually help the Pele project grow?

To answer these questions, we need to review the Pele project. Is this project complete? Can we consider the current state of Pele a success? If not, what are the reasons? What kind of problems did Pele encounter? How can we solve these problems? What resources are available to us?

Since the Pele project currently does not have enough funds to cover the daily expenses of DAO members, we cannot expect every DAO member to spend as much time and effort as a full-time employee in a start-up to facilitate the development of this project. A more reasonable expectation is for everyone to contribute some time on a regular basis to participate so that this project does not die in the bear market and can continue to operate.

The work of DAO members should not be free, and all members should be rewarded as long as they keep making contributions. Doing the work of DAO is not so much about making money in fiat currency. It's more like earning shares of this "company" and keep building so that the values of these shares (crypto) will grow with time.

If you want people to be willing to work for DAO and become DAO members, then we must find ways to make the price of Pele tokens and NFTs grow. Otherwise, the operation of DAO will not be economically feasible. So what is the key to increasing the price of Pele tokens?

According to Metcalfe's law, a network's value is proportional to the square of the number of connected users of the system. (N^2) Whether Pele Network will ever succeed depends on how many projects/people will be in it. Price appreciation is the result of mass adoption.

We need people to start using Pele tokens or NFTs for the long-term development of this project. Are people using Pele tokens or NFTs? Clearly not yet. Pele project operates at the Protocol level in the blockchain industry, providing architecture, token economics, NFTs, and a range of tools. Unfortunately, these things have not been used by many people. Even though the project's vision is good, the protocol does not have much economic value.

The same problem also occurs in many Layer 1 blockchain protocols, which have great scalability, and security, and are fairly decentralized, but their token prices and market values are low due to lack of adoption.

Instead of focusing on building more infrastructure, I believe the Pele project should focus on increasing its visibility and creating content using NFTs to attract attention from the general public. Building blockchain infrastructure is not an easy way to generate cash flow, and finding a viable business model can be difficult. Most blockchain networks operate at a net loss, as seen in this article from Bankless

The key to getting people to adopt Pele and its Hodly NFTs may be to take a page out of the successful cases in the crypto community. One example that comes to mind is Wojak, who has gained widespread recognition and a plethora of fan-made derivative works within the crypto space.

Wojak is a character that has a clear market positioning. He is often depicted in fan-made videos/meme pictures depicting events like cryptocurrency price dumps or other unfortunate events. Wojak's image is already very popularized. This phenomenon can also be seen in the Shiba Inu image from the Dogecoin logo. I consider them examples of decentralized and organic community creation. If Pele can achieve this level of popularity, this will be a huge success for this project.

So what are Pele's features? What is Pele's market positioning? Although the Youtube video from Pele's channel focuses on Big Tube's monopoly in the market and its suppression of media freedom and content creators, I believe Pele can be positioned on a broader range of issues.

We can use Pele NFTs to address all kinds of problems of contemporary mainstream media by creating content around it. Someone has got to take this first step. If the messages we deliver are relevant enough and echo with other people, Pele will gain traction on its own.

One Youtube channel that I would recommend is LowBudgetStories. Although the videos on that channel are short, the creator uses the Wojak character to address a wide range of thought-provoking issues. It would be worth your time to watch some of the topics he has explored.

I understand that Pele's goal is not to become a media studio, but consistently producing content is an effective way to increase the project's visibility and engagement. By creating content, we can attract audiences and generate traffic, which may generate income and encourage others to do the same. Therefore, using Pele NFTs for content creation may be a task for the DAO, and we can become the first self-media to use Pele's NFTs.