Locking funds for NFT projects
Myself a victim of several crypto projects. No matter how deep the research is (reading whitepapers, checking if the team is doxxed and credible, tokenomics, etc.), always seems to get rugged and slow asymptote to 0.
In Web2.0 fundraisers typically have their funds locked and released through time upon completion of certain objectives. Shouldn't NFT projects have the same thing too? Instead of giving them the entire mint proceeds, why not lock it in a treasury contract which the NFT holders can have access to view, and maybe set up a governance mechanism such that if founders need access to the funds they can create a proposal for it and NFT holders will vote? Sounds logical?
submitted by /u/justinrain1998
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