BizDev WG Funding Proposal

This proposal is to fund the BizDev working group. The working group foundation has been laid , which now allows us to move quickly as a group, fund new biz dev team members, participate/host hackathons, give contributors small tips, fuel our partnership efforts, as well as feel empowered with direct governance over funds.

Active members of the BizDev WG include Eric, Andreas, and Rohan. All members have voting power in the overall progress of the WG. They will act as the representative for this group, and ensure funds move to the multisig wallet address.

Payments will be made bi-weekly or monthly basis to the following Polygon address: 0x4DAAc1943c42B5988629414af1c32936601E81ea

Individuals who are paid by this working group will consider themselves independent contractors and will report taxes accordingly. Forms W8-BEN and W9 will be filled out accordingly before funds get distributed to them when appropriate.

Funding amount, and use of funds
$200K equivalent in RARI as an initial amount of funding for this new working group. This will be split into two separate payments of $100k. These funds will be used to:

  • Hire 2 Part time BizDev contributors Andreas & Rohan
  • Hire 1 FTE as BizDev Lead
  • Incentivize contributors for generating lead
  • Pay for any tools to be utilized by the BizDev team (example, Notion, Calendly, Gong, etc.)
  • We expect these funds will last one fiscal quarter (4 months)

The working group will be completely transparent around how funds are used, and provide reports at the end of each month outlining expenses.

Members of the working group will continue attending community calls and will participate in governance processes.

Why should Rarible DAO fund this?
We need to keep pushing forward with the execution of a decentralized ecosystem. Building an expansive ecosystem of projects and ventures utilizing Rarible DAO protocol is the key to growth. This WG will be key in understanding and relaying the needs of the market to the DAO.