Community Owned Eco-Resort Through Fractional Property Use Rights

PaigeDAO · June 7, 2024, 5:40pm

From: Paige Donner, Oxygene, LLC & Alex Kim, Homebase

“2024 is the Year of RWAs” - Blockworks

The Why:

The intention of this proposal is to provide a method of Treasury diversification by investing into real world assets (RWAs) or ‘hard assets’. We propose a Gitcoin DAO managed investment in revenue yielding real estate such as a working Eco-resort, or co-working residence, where accommodation provides recurring revenue.

The equally pragmatic reasoning behind this proposal is to provide the wider Gitcoin community/ecosystem anchor ‘Schelling Points’ that foster relationship building, work retreats and work-life balance. The property could also include a winery or agricultural holdings enhancing the resort’s self-sustainability and providing on-site community building diversions during staycations and work retreats.

The fundamental model here is less one of ‘Wooffing’ and more one of Jimmy Buffett’s Margaritaville style resorts (currently valued at well over $1B)

Importantly, property management and upkeep will be governed on-chain using a bespoke governance platform in order to decentralize property management and facilitate remote stewardship of logistics, staff, maintenance and upkeep.*

The ownership of the RWA will be held by the GitcoinDAO and/or Gitcoin Foundation. The fractional Property Use Rights will be shared among the wider Gitcoin community with the sole qualification for fractional property purchase being that the purchaser must be a current or past Gitcoin grantee or matching funder.

This basic model is built upon a synthesis of HomebaseDAO and ChateauDAO with advisory by Homebase.

TL;DR

RWA (real property) as Treasury Diversification
RWA (real property) for co-working and remote site team building
RWA as simplified, more accessible property accrual for wider Gitcoin Ecosystem orgs and QF Round participants
Travel & Luxury: an industry that will not be displaced by AI
EcoResort / Remote Work & Co-working Residency (more in the style of Buffett’s Margaritaville franchise, less in the style of Wooffing)
Sustainable energy integration
Historical Building Renovation in France - 40% subsidy provided by French government for qualifying properties
DAO (or Gitcoin Foundation) retains Property Deed
Property Rights Users - own, are free to sell or keep, their Property Use Rights
Revenue generation model based on accommodation use and fractional, tokenized lease purchase
Native dApp for calendar booking, property maintenance and property management governance
Low cost SBA loans available for such purchases

We propose that the property deed be held by the Gitcoin Foundation (or DAO) as a hard asset used for treasury diversification, fiscal conservation and as a potential revenue stream for the foundation and the DAO.

The Fractional Use shares that are offered for purchase to the wider community will be for designated time use.

For example, in the case of an Eco-Resort that can accommodate up to 100 guests at a time in 50 double-occupancy rooms, the fractional shares will be made available in increments of 2-weeks per year use time for a 5 year block. This means that a purchaser can pay $XX to use the property two weeks per year for a consecutive 5 year period.

We propose that these Property Use Rights be represented by RWA digital asset (NFT) holdership. We propose that Property Use Rights have a 5-year duration before mandatory renewal or re-selling. We also suggest that each fractional Property Use Right ‘owner’ must hold the access token (RWA digital asset) for at least 12 months (to prevent flipping) prior to selling on the secondary market.

An example of how this could break down for a 35 Room B/BA former 4-star resort in the South of France surrounded by 3 hectares of property, a small lake, a river. The property comes fully furnished, has a beautiful large dining room, common living room, on-site restaurant, professional grade kitchen, outside terrace and comes with a separate caretaker’s house.

Eco-Resort Uses Case: Property Price $3.9 M (Images below Property Ex. B)

This 4* HOTEL property is: 35 en suite Bed/Bath rooms, dining room, lounge, game area, grounds of 3 hectares.
COST $3.9 M
Each unit (B/BA room) is sold for one month use per year for a total unit availability of 11 months per year.

(One month is reserved for property upkeep and maintenance.)

11 x 35 = 385 units to sell = $10,130 at cost
Units sell for base price of $17K —--------> Total Revenue Potential $6,545,000
Annual usage and property maintenance fee is also due from RWA token holders (like a Membership due)
This particular property has a 2 B/BA Owner’s House. This is reserved for the founders’ & friends use.

** Gitcoin ecosystem organizations will also have the privilege of reserving rooms or privatizing the entire resort for Remote Team Meetups and other org functions.*

Property Use Right digital asset RWAs can also be ‘gifted’ to org or company employees and contributors. This means that partners and contributors can earn and receive a Property Use Right RWA digital asset for their consistency in providing matching funds for QF rounds or other contributions. The Property Use Right RWA digital asset does not confer title to property or property ownership rights but does allow for 2 weeks annually of fractional property use rights (TUP = Time Unit Purchase) per RWA held for 5 years (total use per RWA token is 10 weeks over the course of 5 years).

2nd USE Case - Co-Working Residency

Property Example A

Biarritz, France.

€2,550,000 9 BD/BA Pool & Pool House, 3 hectares, stables, private pontoon

*Biarritz is a Web3 hub in France, is a beautiful coastal town on the Atlantic, just on the border of Spain. It has a strong surf, tech and culinary culture.

23 minutes from Biarritz, on the banks of the Adour, this bourgeois house of more than 560 m2 is built on a beautiful 2.7 ha park. Beautiful 18th century residence, it has beautiful outbuildings, a large swimming pool with its comfortable pool house, horse boxes and a tack room. and its private pontoon on the banks of this busy river. Historical and dear to the people of Bayonne. The house has three levels with fourteen rooms including nine bedrooms. The living rooms consist of a library lounge, a reception lounge, a dining room opening onto a very spacious sheltered terrace, and a large kitchen with refined decor. There is a laundry room, a pantry and two spacious offices. The house is surrounded by lawns, large trees, beautiful stones and dominates the surrounding fauna and flora. This property is above all an exceptional site which brings a good quality of life and an atmosphere of authenticity with the most up-to-date comfort.

WHY France?

In homage to public goods and public goods funding, the properties that will be considered are properties that are of historical and/or cultural value that are in need of partial restoration.

Why?

The French government offers a 40% subsidy for restoration and preservation costs for historical and/or cultural buildings. The country has a wealth of chateaux that are withering in neglect.

With astute curation, a property can be purchased, restored with the help of the French government’s subsidies, thus providing needed work for regional artisans and craftsmen. The final result is that of cultural preservation and public goods longevity while enhancing the personal wealth of the property owner.

USE CASE Example (Already Exists in Market)

Chateaushi - This is an historical property development consortium that is crypto friendly. They offer fractional ownership of properties using a membership model. Their approach is one of luxury with strategic partnerships now in place with the former editor of the Michelin Guide, several celebrity chefs and other luxury travel tie-ins.

Tokenized Property As A Public Good

Here in this proposal, we seek to honor the Gitcoin Community’s dedication to public goods, ecosystem cultivation and growth, and shared, enriching experiences that offer sustainable outcomes.

In this regard, we propose that we entertain strategic partnerships with Solar Punk, ReGen, Kundalini Yoga and clean energy communities and more like minded tribes…

Clean Energy Hubs: The really long vision is to build these RWA communities into clean energy hubs where solar energy, and one day, fusion energy, is farmed for our own use and the use of the surrounding communities. (More on that to come…).

Business Model

We are considering two business models, with an emphasis on the first:

An EcoResort &/or Co-Working Residence with suitable accommodations for multiples of groups, can be purchased outright by GitcoinDAO or the Gitcoin Foundation or a partnership between the two. The RWA is held in trust and maintained in the Treasury portfolio as a valuable, tradeable hard asset.

This approach works for the following reasons:

2024 is the "year of RWAs’ (BlockWorks)
Gitcoin DAO is looking to be a ‘product/ protocol’ DAO with diverse offerings to the community
Diversifying treasury holdings into something tangible and substantive such as real estate further strengthens the responsible fiscal position of the DAO

Offering fractional Property Use Rights into RWA holdings for the larger Gitcoin community means that the community members can begin their own real estate fractional use journey ( such as like Pacaso, Homebase, traditional timeshares);

Community members and the different grantee orgs can continue building community and relationships within and among the Gitcoin Grantee ecosystems; Depending on the strategic property investments - agriculture yielding / winery/ EcoResort - the property could be self-sustaining and, eventually, show revenue from local production in addition to revenue generated by accommodations use and appreciation of real value in real estate ownership.

Business Model #2

Launch on Grant Stack as a funding round. We approach capital investors who would then take the position of the holder of the RWA asset. In return, they would match fund in a QF round the Property Use Right fractional ownership purchases that the individual Gitcoin grantee community members and orgs raise.

This would function as a traditional QF Round, except in this case the match funders would retain the deed to the property that is purchased using their capital. But they would share their capital investment by match funding using the QF formula. Each amount raised by community members, who seek to become fractional owners in the property by purchasing Property Use Rights as outlined above, would be match funded by said benefactor/ capital investor.

Monetization Models - Gitcoin Foundation Retains Property Deed, Fractionalizes Time Unit Purchases (TUP - see monetization break down above)

Property Example B:

Eco-Resort - Former 4-star hotel property near Sarlat, Dordogne, France

Fully Furnished, recently renovated
Restaurant
Lounge
Reception
Staff Accommodations (Four Bedroom/ Four Living Room Stone House)
Barns and Outbuildings
Suitable for Horses
Guesthouse/Gite
Swimming Pool
Two estuaries
Wooded Park, hundred year old trees
Lake
Wheelchair accessible
Outdoor Terrace and Lounge

**35 Rooms - Time Unit 2 weeks = Total 875 Units **

**Each Unit sells for EURO 8000 = EURO 7 Million **

**Time Unit Purchase (TUP) entitles owner to: **

Use of 2 consecutive weeks of double occupancy room during the calendar year (of the 50 available weeks)

Duration of use is 5 years (i.e. 2 weeks per year for 5 years) at which time the holder has the option to renew at a highly favorable market price or to ‘sell’ back to the foundation or on the second market within the Gitcoin ecosystem. (This is to prevent single owners or groups from sitting on Property Use Right units for unlimited lengths of time).

Owner Use fee - while in residence, the owner-guests will pay a weekly linen, property use and upkeep fee (about EURO 500 per week). This may or may not include light snacks and breakfast. The owner use fees will go towards property upkeep, housekeeping and maintenance.

*At full occupancy of 35 rooms x 500 Per Owners Use Fee = €17500 per week (for staff, food, property upkeep, etc).

Owner Qualifications:

Past or present Gitcoin Grantee

Must hold onto the TUP NFT for at least 12 months (before trading or selling)
Can trade time/ use with other Approved Members (on internal booking site)
After 5 years have priority to renew TUP purchase for an additional 5 years at a preferential price (If they don’t renew, the TUP reverts to the marketplace administered by Gitcoin where the holder/seller is credited with the majority of the selling price, less an admin fee kept by Gitcoin Foundation/DAO)
Gitcoin adjacent groups (example Optimism, Arbitrum, Giveth, Polygon, Filecoin, Lido, 1Inch, etc.) can pre-book entire property for DAO/Org functions with due consideration for others’ booked time.

7 Rooms, 7 Baths
2 Bedroom (separate) Apartment
2 Bedroom (separate) Gite
52 HA forest and Agricultural land
Extensive Outbuildings - including Pigeon House
Swimming pool, tennis courts, Stables
Near Lake
2 Hours to Nice airport
Property Cost: EURO 2.5M + tax
Fractional Ownership of 50 weeks X 11 Rooms (TUP = Time Unit Purchase)

EcoResort Property Images Table 3

1 Room - Time Unit 2 weeks (of 50 week year) = 25 Units

7 Rooms - Time Unit 2 weeks = Total 175 Units

1 Separate Two Bedroom House = Total 25 Units

1 Separate Two Bedroom Apartment = Total 25 Units

Each Room Unit sells for EURO 12000
Each 2BD Single Dwelling sells for EURO 22K Per Unit = EURO 3.2 Million

*The water availability and acreage of this property opens up the possibility to construct Tiny Homes around the land for use as dwellings sold as RWAs per Time Unit Purchase.

Time Unit Purchase (TUP) entitles owner to:

Use of 2 consecutive weeks of double occupancy room during the calendar year (of the 50 available weeks)
Use is for 5 years, after which the RWA leasehold must be renewed at purchaser’s original price or can be sold on the secondary market at market competitive prices
Note: Use cost while on-premise for linens, upkeep, housekeeping, grounds maintenance an additional $500/ wk

OPTIONS for Loan Funding - SBA Loans 7(a) and 504

SBA 7(a) loans are more common and can be used to purchase or refinance owner-occupied commercial real estate at any amount up to $5 million. To qualify, investors must have good credit and put down at least 10 percent of the property’s purchase price. The term of the loan can be up to 25 years, and interest rates can vary based on current market conditions and the applicant’s qualifications.

SBA 504 loans are similar to their 7(a) counterparts; however, there is no limit to how much an investor can borrow. Investors must have good credit and provide a down payment of 10 percent of the purchase price. The term of the loan is typically 20 years, and the investor must occupy at least 51 percent of the property. Unlike SBA 7(a) loans, these mortgages are not funded entirely through a private lender. Instead, they are made available through Certified Development Companies (CDCs), nonprofit entities that promote economic development within their communities. Typically, a commercial lender funds 50 percent of the project, and a CDC finances up to 40 percent.

Please post your thoughts, suggestions, feedback here .

And feel free to reach out to Paige &/or Alex on Telegram:
@PaigeDAO
@akim0x

mars · June 9, 2024, 11:33am

Some thoughts / comments / suggestions / links / ideas / considerations…

General RWA (real world assets) trend

It will become easier to own tokenised property, the digital infrastructure is being built, it’s one of the use-cases that survived bull-bear market cycles and is likely to become one of the killer feature of the blockchains.

Climate collapse / resilience aspect

What is the value of backup civilisation on Mars? What is the value of having a safe place to survive whatever comes next? When looking for a place, the long-term resilience and survivability should be high in evaluation criteria.

Location / accessibility / jurisdiction / favourable climate around the year

Canary Islands (Spain)
Madeira (Portugal)
Azores (Portugal)

Existing initiatives:

Many many many of them, lists of the lists:

Some highlights that popped on my radar recently, very non exhaustive:

Business model

Too much detail. Cognitive overload.

Of course numbers matter but at this stage I’m OK to assume:

if you have a cool place, in a cool location, with cool people, fully book around the clock = of course it is profitable

Picking properties from the bottom

Google search: “college campus for sale”:

https://www.loopnet.co.uk/Listing/Notre-Dame-College-Campus/31547358/

Offers Due June 21st at 5pm: Notre Dame College Campus is a unique investment opportunity offering 14 buildings across 48.08 acres in South Euclid, OH

https://maltzauctions.com/auction/155-acre-college-campus/

Auction: August 18, 2020 at 1:00 pm

Google search: “village for sale”:

Salto de Castro: Spanish village on sale for €260,000 - BBC News

Existing expertise in construction / maintenance / operations:

Complexity. I think we do not have much in-house experience, therefore the property should be “turn key”, easy to run from day 1.

Or maybe the opposite, buy a ruin for super cheap and refurbish.

Search for “italian homes for euro real cost”… I personally would love to learn. Hobby / distraction becoming the main occupation

A little bit related:

DAO buying forest. Then with the help of AI, that forest can operate autonomously, with some help of humans:

Also in this theme: Cabin DAO, City DAO.

A little bit related

Fren on LinkedIn - Simon Grant - Life Itself | LinkedIn - and the RegenMatch project (very early days): t:regenmatch [A Simon Grant – his wiki]

people finding regenerative (etc.) projects, communities, ecovillages, etc.

ecovillages, projects, communities, finding new people, co-workers, members

people finding each other to talk about or start ecovillages, communities, projects, or relationships.

Assuming there are places and people want to migrate: good, practical, sensible, reasonable to ensure aligned vibes from the start. I get myself in so many troubles, became a master in conflict resolution, just like being fired 10+ time (more than I can remember) made me an expert in looking for new jobs. 2024 and changes to economy / AI / labour market I’m totally unemployable, but I still believe I add the value, even when it is not easily quantifiable, scratching my own itch and working towards impact evaluation: https://impactevaluation.foundation/

From experience

There is a phrase: DDD “death debt divorce” (explaining why property is so cheap). Cool properties regularly become available, just need to have stack of cash ready to be deployed. Back in the day did not succeed with Island DAO debrief but because people knew me as the “island guy” I was constantly receiving inbound traffic from frens and estate agents. A wealthy fren purchased this one: Savills Property Auctions | Grain Tower, No. 1 the Thames, Isle of Grain, Kent, ME3

I’m acting as “interim project manager”:

That would be such a cool eco-resort with fractional property rights (title of this thread), just need some to refurbish. Not far away from London, public grant funding might be available.

I hope I did not overwhelm you with the bunch of links but I think they are relatated / relevant / in the theme.

PaigeDAO · June 9, 2024, 2:34pm

Mars,

This is awesome. A wealth of info and references that greatly add to the conversation. And tbh, some of the links are new to me…

I especially like the GnosisDAO example you cited ( GIP-82: Should GnosisDAO co-fund a community owned forest / land art project (terra0)? - GIPs - Gnosis ) - which passed unanimously, I see.

I love their forest/art tie-in.

Perhaps for our Public Goods/ Regen communities we could maybe think along the lines of permaculture beds, sustainable farming, self supporting clean energy sources - and make the property open for visitors and educational groups who would like to visit… (just off the cuff thoughts)…

France has a robust ecosystem in all of these areas with support from the government, NGOs and private industry (like some of the big industrialists such as this person who is also the principal now in Kyutai - an AI startup with Eric Schmidt).

I love your highlighting of whole college campuses for sale. Brilliant!
And villages, too.

In the south of France there are a couple villages for sale as well. Would require installing lines for electricity, water, internet, etc.

Also, wanted to note about your comment about ‘unemployable’ - I believe that is the definition of a founder. At least that is what Musk has said a few times… So be reassured

I appreciate your DDD note. It’s def a truism. Here in France there is the added burden of taxation when property is inherited - which causes many chateau and property owners to want to sell while they are still alive.

There is also an element that @Viriya and @CoachJonathan and I discussed briefly last summer during the ETHCC closing party - which is putting up a colony of tiny homes on purchased land. To me this has a bit of a ClubMed feel to it and perhaps offers the best of both worlds - community living without co-living?

Anyway, hoping that @deltajuliet @M0nkeyFl0wer @kyle @bestape @owocki @wasabi @deeparocks @carlosjmelgar and any/everyone else can weigh in on this. I truly believe that fractional property ownership for our Gitcoin community could help anchor our legacy.

hrm_o25 · June 11, 2024, 5:40am

Hi, Paige!
Thank you for sharing your wonderful idea!

While this large‐scale project will require meticulous planning and risk management, I’m genuinely enthusiastic about it
I believe this proposal not only diversifies financial strategies through the incorporation of RWAs into Gitcoin but also has the potential to expand and strengthen our community.
Also, in my view, the renovation of historical buildings and the pursuit of regenerative eco-resorts, coupled with sustainable energy integration, align with our commitment to supporting public goods and regenerative projects like GreenPill and ReFi. If successful, this initiative could serve as a model for other DAOs.

I’m not sure if this will be helpful or not, but there is an example of DAOs in Japan where people can become digital villagers and collectively develop a village. This project creates a digital community where members can participate in decision-making and contribute to communal projects.

PaigeDAO · June 11, 2024, 12:05pm

Dear @hrm_o25 - Great input and thoughts.
Your points about *

project will require meticulous planning and risk management

are well-noted. Alex from HomeBaseDAO who co-authored this piece for Ideas & Discussion with me, brings solid experience as to how to administer something like this. They have done such things for other DAOs and orgs already.

Highlighting the Gitcoin community’s commitment to such initiatives like

supporting public goods and regenerative projects like GreenPill and ReFi.

is spot on. I know that you are the Green Pill Japan Lead and I appreciate your insights on this. An EcoResort (or CoWorking Residence Estate) could provide the annual or bi-annual retreat for such communities who gather from the far reaches of the globe to do some IRL sync ups.

Thank you for sharing the example of Nishikigoi NFT. It’s inspirational and offers a sort of digital twin model that merits more exploration, certainly as a possible first step.

Thank you for chiming in! Arigato Gozaimasu, Hiromi-chan!

mars · June 12, 2024, 4:33pm

Related, appeared in my feed, pretty fresh, 2 hours ago, the “Solarpunk Spaces” sounds aligned with the vision portrayed in this thread:

Link to that post on Insta: https://www.instagram.com/p/C8HkzE8vDRM/
Main WWW: https://solarpunkdao.earth/

PaigeDAO · June 12, 2024, 6:06pm

Very nice. Love when our worlds collide - in the best possible of ways!

Also wanted to add this link for more context - An XSpaces that we co-organized and invited Sandra of ReFi Tulum and Camara of Visionary Fund to co-host back in October 2023. It was meant to be a series of 3 but we have only done 2 so far.

Link to Spaces Recording: on X/FrontierDAO

Also this working doc offers good insight into different viewpoints -

A. Co-Living (like a Kibbutz)
B. EcoResort (more commercial, offering fractional property ownership to members)

sepu85 · June 18, 2024, 12:40am

Hello @PaigeDAO !!

Thank you so much for putting this together! I totally support the RWA diversification specially if provided by trusted networks, and where the Gitcoin DAO community could have access to them as a way of asset health verification method by enabling spaces for having a good time.

Seeing all the inputs from @mars, and also being part of communities that are already tokenizing hospitality RW assets, I also see the potential for making use the QF (and maybe even q/acc for further liquidity, in case it’s in their scope to test this kind of projects at their current stage) capabilities Gitcoin (or Giveth) provides. Of course with the end goal for optimizing the distribution an choice of RWAs treasury.

I also believe “2024 is the Year of RWAs”, and not only, I also in believe in Regeneration of natural spaces, and in a more collective and serving concept of property, specially for land and community development projects.

I love your project in France! If I see that’s tokenized, and accessible by Gitcoin (I’m now in q/acc mental mode) like in a QF, and that token give me utility to go there, and making it more accessible to me because Gitcoin DAO is also backing that income I’m providing, would be simply amazing!! I would love also to have the chance to support other projects and invest in their assets, like the ones that Mars are mentioning, or others where some impact and development (in terms of IRL, land regeneration and hospitality facilities) are already there.

How do you feel about reframing this proposal into one to be more inviting for further RWA diversification through (accelerated or not) QF? I’ll be super happy to support and work together here. Real State and community shared (private and not) spaces is something we all need and deserve to coordinate on! So I would love to coordinate this to make it happen.

PaigeDAO · June 18, 2024, 11:49am

Hi @sepu85 and thanks for these shared thoughts and comments. Sounds like you’re pretty familiar with the Gitcoin and Giveth communities.

Actually, I’m glad you brought this up.

Alex of HomeBaseDAO and I discussed this QF model at some length.

At the top of this Eco-Resort Suggestion, we prvilege that the property deed would be held by Gitcoin Foundation &/or DAO and that use rights would be transferred to fractional property use owners/ leasers.

The alternative biz model suggested (above):

Business Model #2

Launch on Grant Stack as a funding round. We approach capital investors who would then take the position of the holder of the RWA asset. In return, they would match fund in a QF round the Property Use Right fractional ownership purchases that the individual Gitcoin grantee community members and orgs raise.

This would function as a traditional QF Round, except in this case the match funders would retain the deed to the property that is purchased using their capital. But they would share their capital investment by match funding using the QF formula.

I do like this model. It will require purely philanthropic giving from the Match Funder’s side. Essentially they would be match funding a QF round that supports our community members’ aspirations to purchase Fractional Property Use Rights.

Since our community is so diverse in thought, backgrounds, interests etc. this type of support for wealth creation would be somewhat pioneering in the spirit of early 19th c. homesteading (Ex. when Calif, Oregon, Wa, Arizona, Colorado and Texas lands were claimed for cultivation). With all the capital that is floating around these days, it seems like property investment would be one of the more solid things to put capital into(? )

I believe that property ownership can be a real sense of pride and source of stability for many people and families. I suppose what I am getting at is that we would need to find Match Funders who would embrace this type of giving for this type of project - essentially wealth creation for a large community(ies) of people.

I am keen to hear what others feel/think about this. If a QF round would be doable to support fractional property purchase funding?

Personally, I like the idea. I guess I’m just not sure if we would find enough philanthropists/ match funders to pull it off?

WDYT?

sepu85 · June 18, 2024, 5:26pm

Amazing! I see web3 in general as a platform that enables us to re:build the very same concept of ownership. Have you look at Traditional Dream factory collective’s ownership model? That’s a pretty nice (and already tokenized) Use Case for presenting to an idea like this one. TDF is also offering Community pools for DAOs in general:

I like it as well! That’s actually why I’m thinking about the q/acc mechanism Giveth is offering might be useful here. It would still be philantropic, but might still offer property (and/or access) rights to the Match Funder side, as well to the community having access to that investment/donations. Anyhow, this is something that might need to be validated from the team leading q/acc deployment and selecting the type of project they want to start testing this mechanism on.

My hope is that if Gitcoin implements this kind of QF rounds, we can help projects like yours and others to deploy, develope and mantain their infrastructure and operations.

Happy to discuss this further, please ping me on TG: @sepu85 (I haven’t found you on the @PaigeDAO TG handle)

PaigeDAO · June 19, 2024, 10:52am

Thank you @sepu85 for this comprehensive overview.
That is a thorough whitepaper you cite here with big names on it such as Regen Network, Celo and Climate Collective.
I had not seen this and much appreciate you referencing it here.

One thing that I think differs from this EcoResort model and the model exemplified with Traditional Dream Factory is the Ownership vs. Stewardship.

From their whitepaper:

From Ownership to Stewardship
Members and Token holders do not hold any ownership claim on the land, nor does
anyone else. The land is locked under a new form of commons, which enforces
stakeholders to leave a positive trace. The OASA Association removes central ownership
from a landowner and instead puts the land into a DAO governed commons where the land
is protected in perpetuity. The non-profit gives eternal access rights to the Project to live on
the land and run businesses that are in line with non-extractive and regenerative
behaviors. Members of the Project get access rights to the property based on their Token
holdings. In this way we move from ownership to stewardship.

I love your enthusiasm and willingness to support. Are you part of the Giveth community (I feel the positive vibes : ) )?

I do think these are fundamentally divergent approaches, however. Core to the EcoResort model is ownership. The belief that accompanies that is pride in ownership as well as personal wealth creation. Albeit personal wealth creation done collectively.

One of the aspects I do think is spot on though here is the Tokenized ownership. When i first floated the ChateauDAO concept to a few VCs back in 2021 it was at the height of the NFT era, so proposing ownership rights as NFTs made sense. Now I see that perhaps Token allocations would be more pragmatic to represent ownership rights and use rights.

The other differentiator I see here is that in TDF they propose that ‘aligned businesses’ would be granted permission to operate on the premises.

In the EcoResort model, the resort is the business. Of course, remote working would be anticipated, even expected, of the largely digital nomad stakeholdership but their endeavors would be wholly independent.

Anyway, just some thoughts.
Also, if you would, just for reading and of record clarity, could you state the definition of q/acc, please, as you intend to use the term here?

I will ping you on Tg. And @mars too

Thank you for this ongoing discussion!
Paige

sepu85 · June 19, 2024, 4:25pm

this is my very personal view Ownership: as money itself, it’s a myth, a social construct used for coordinate people for allocating resource and grant security on them to people that has earn it. Web3 enables us to build new coordination systems to achieve the same goal that might do it in a non-extractive and abundance paradigm.

I believe the ownership/stewardhip discourse is irrelevant as long as we can set up the proper incentive mechanisms, rights and security through tokenization. TDF talk about Stewardship because of the fundamental believe that land is a living entity that shall be owned by itself, it’s a way to protect land from extraction and narcissistic human behaiviours that are damaging our soils, waters, air and the overall planetarian ecosystem.

I feel this is a preference questioning for the Gitcoin user/investor/donator. All projects would have their pros and cons, the judgement of what will be better should be on the investor and/or on the Gitcoin DAO governance. So a conversation for sure for another moment. My only point is that $TDF token is ready, as well as its utility, like for Gitcoin to start experimenting on this realm (even without q/acc).

That’s the Quadratic Funding Acceleration Program Giveth is launching for calling projects to start experimenting with a concept/mechanism design by Commons Stack few years ago, please have a look on Augmented Bonding Curve concept to understand this mechanism deeper.

thank you! I mean, this has been my work on the last two years (and have been around 8 years in the Ethereum community already, and being friend with Giveth since 2018/2019): bringing the social coordination systems crypto is bringing for community spaces to be developed and to land and human regeneration to be enabled. I’m pretty much all-in into this! So yeah, I do want to collaborate to build the infrastructure that would enables our dreams to come true.

PaigeDAO · June 20, 2024, 11:33am

Thank you. These are valid and good points. It’s terrific of you to engage in the conversation here. And great that you shared so much information to add to the collective overview.

PaigeDAO · July 1, 2024, 1:31pm

Adding a link to the inspiring Crucian Farms built in the US Virgin Islands - helmed by a husband-wife team:

mars · August 7, 2024, 12:54pm

Something cool: https://protopia.forsale/

I was there earlier this year for the event: https://www.protopianconvergence.org/ organised by Dani and Charlotte. @sepu85 was also there (and many other Web3 regen eco aligned people)

From FB: https://www.facebook.com/groups/1117595022156852/permalink/1588525818397101/