1. Proposal Purpose:
For Grape Protocol to invest in Photo Finish 2 NFTs.
2. Grape Proposal Overview:
- [Summarize the principles of the proposal and briefly outline the procedures to be used to implement it. If applicable, outline the duration and/or frequency of the proposed action]
Photo Finish 2 roadmap: Dropbox - Photo Finish 2 Roadmap.pdf - Simplify your life
Photo Finish 2 (PF2) is horse racing simulator game that will be coming out to Solana in 2022. Third Time Inc., the team behind PF2, have successfully launched 2 previous horse games (Photo Finish 1 and Horse Racing Simulator) on mobile phones. Photo Finish 2 intends to be a true horse racing simulator to Solana with entire horse racing seasons and the ability to race and breed your horses. With the success of Zed Run, Photo Finish 2 has the potential to become a real competitor in the space. For more information, please check the roadmap above.
Grape Protocol has the opportunity to invest in one of the potentially hottest NFT games in the Solana space while providing extra membership benefits, enhanced Grape branding opportunities, and even the ability to maybe make profit.
There are 3 options available:
Grape gives the go ahead with a 100 SOL max budget plan to secure 2 S tier horses (Gen0’s) with a separate gene pool for the game. There are a few ways to do that:
-Secure breeding rights to the #4 Stud: Dean personally knows the owner that there has been talk of allowing his horse to be bred by a Grape owned Fine Fillies. If given the green light, Grape would buy 1-2 fillies to yield S tier horse(s). The second part of the plan is to buy a mid-tier Stud/Filly combination for the best price possible to get another S tier horse. Owning at least 2 S tier horses from different gene pools will beneficial for the game as we could use them to breed right away, and sell off the bred horses for profit straight away. We could use some of the output to retain for racing and content purposes.
-If there are remaining funds, there could be consideration of sweeping the Stud floor so Grape could attain more $CROWN airdrops.
-Another benefit of owning between 2-4 Stylish Studs and Fine Fillies is the possibility for Grape to secure regular airdrops of $CROWN, PF2’s governance coin. This would bring in additional passive income to Grape and/or the ability to save these tokens and cash them in order to license a racetrack with Grape branding. This plan might require additional funding down the road but if the game is successful, having a Grape branded racetrack can be a major branding opportunity.
-If Grape owned a solid mid-tier Stud, we could offer breeding rights to it by Grape tiered members, giving additional membership benefits to the community.
Option 2: Syndicate idea by Barndog
The idea is to take the idea above but instead ask Grape for 50 SOL and invite 5-15 Grape tiered members for 10 SOL each to bring the total budget be between 100-200 SOL. The stable would be actively managed by Barndog where each member of the syndicate will get paid out potential profits on a timely basis (most likely monthly).
If we get 100 SOL budget then the plan would be exactly the same as above. If the budget is 150-200 SOL then we can actively consider adding another 1-2 stud/filly pairing to yield another S tier horse, or buy higher tiered horses. Under a syndicate plan, the additional funds secured above and beyond option 1 can be decided by the Grape gaming council and the syndicate members.
An additional idea is to allow anyone who buys into the syndicate membership the ability to breed with any stud owned within the syndicate once for free. Grape tiered members not in the syndicate can request to breed with one of the studs, but would have to pay the syndicate a 5 SOL fee.
Option 3: Sweep the Stud Floor and secure one S tier horse from the #4 stud
A cheaper option is to allow the NFT council/Gaming council to sweep the stud floor (current floor: 2.47 SOL), and buy 1 filly to breed with the #4 stud (subject to approval of the owner). This plan would allow Grape to generate $CROWN airdrops which could be sold for SOL or save up to license a PF2 racetrack.
NFT council and the gaming council.
4. Costs/Resource Requirements:
Option 1 budget: 100 SOL
The goal is to secure 2 S tier horses (Gen0’s) to use in the Photo Finish 2 game. Why S tier? Because S tiers will be the most prized horses in Photo Finish 2 and they would have the highest ability to win races, and breed the best horses and re-sell at the highest premium price. If the #4 stud is not available for breeding then we can try to find another mid-priced study/filly combo for another S tier combination, or we get permission from another member to breed one of their better studs so we can secure Grape an additional Gen0 (preferably S tier) horse for the game. Another idea is to sweep the stud floor to secure more $CROWN airdrops.
Giving this proposal a 100 SOL budget gives the flexibility for those in charge of actually buying the NFTs to find the best deals as possible on the market. The Stylish Studs and Fine Fillies NFT market is dynamic and prices fluctuate. If the team in charge can find 2 studs and 2 fillies at a lower price than 100 SOL, then the excess funds would be returned to the Grape treasury.
Option 2 budget: 50 SOL for Grape and an additional 50-150 SOL from Grape members.
A similar plan to option 1 but with more added financial flexibility to do more moves: more stud/filly buys, more floor sweeps, or buying higher tier horses. By increasing the number of stakeholders, there will be more members with a financial interest for Grape’s photo finish 2 plan to succeed.
Option 3 budget: 20 SOL
Buying a filly to yield an S tier horse can cost anywhere between 8-11 SOL. The rest of the balance will be used to sweep the stud floor. If the #4 stud is not available for breeding, then the full budget will be either be used to sweep the stud floor or we get permission from another member to breed one of their better studs so we can secure Grape a Gen0 ( S tier) horse for the game.