Title: [Bankless Academy] Season 8 Project Updates
Project Champion: Tetranome #1965
Squad: DidierKrux.eth #1559, OrnellaWeb3 #1111, Tetranome #1965
Purpose: Public Good
Authors; Editors: OrnellaWeb3 #1111; Tetranome #1965, DidierKrux.eth #1559
Date created: April 5th, 2023
Date posted: April 12th, 2023
Funds requested: 0
Project wallet(s): 0xf80Cd14ec747b2AdF7B1A9911b38c65a885dAeeA
Own subDAO/Discord server: None
Bankless Academy is a free-to-access, open-source education platform hosting a range of lessons that help Web3 users “go Bankless.” Our BanklessDAO-native team is on a mission to provide quality web3 education as a public good.
MID-SEASON 7 SUMMARY
Our Season 7 motto has been all about our defining and following our “focus pillars”. By doing this, we’ve been able to better manage our priorities and allocate resources more effectively to achieve our goals. This process has helped us: streamline our operations, improve our impact, and achieve greater success in each respective field. For 2023, we’ve identified three main focus pillars: Content Creation, Community Growth, and Revenue Diversification.
Our recent launch of the Layer 2 lesson, in partnership with Optimism, marks a significant achievement in our content creation efforts, highlighting the strong interest in this topic within the Web3 community. To ensure sustainable growth, we have formed partnerships with both existing and new communities to expand our reach and impact. These efforts have been strengthened by the support and recognition Academy has received from relevant and respected builders in the space, which has energized our team to continue teaching and building.
As a public good, we recognize that sustainability requires a reliable and diverse funding stream, including grants, donations, and revenue generated from content such as digital collectibles. These three main focus pillars have been the key to our coordination efforts during Season 7.
MID-SEASON 7 RETROSPECTIVE
Content & Community
Layer 2 Lesson Launch
23K Lesson Completions
9,4K Academy Badges Minted
Recognition by Gitcoin Passport as a Case Study
Launched Lens Community
Lens Handles Anniversary Gift
3,8K Followers on Twitter
1st Writer’s Cohort
Community Collab with Bankless Africa
Upgraded BanklessDAO Academy: New Project Management Guild Lesson
Mobile App Release
Wallet Connect Migration + SIWE Integration
No Network Switching
Mobile App Release featured on [BanklessHQ newsletter] (🏴 A War on Stablecoins | Bankless)
Grants, Partnerships & Collectible Content
Retroactive Public Goods Funding Optimism Grantee
Top Panvala Stamp-Redeeming Community through Giveth
Unstoppable Domains Grant
100 NFT Sales on Optimism
There are no financial implications for Season 8 of the Bankless Academy project as it will not seek funds from BanklessDAO. This is because the project has been granted Retroactive Public Goods Funding by the Optimism Foundation. This is sufficient to cover this season’s upcoming costs.
Lead Developer @ 30h/week
Lead Designer + Biz Dev @ 30h/week
Community Manager + Marketing @ 20h/week
Total Role Funding (equivalent in BANK)
80 hours/week x 16 weeks x 1000 BANK/hour = 1,280,000 BANK
Tools & Fixed Costs
Web hosting (Vercel), database (Digital Ocean), Zoom, Tally, Descript, Grammarly, Typefully, Mixpanel (stats), Sendgrid (e-mails).
BanklessDAO Native Team Building - Bountied Tasks
Illustration 200,000 BANK
Content Editing 70,000 BANK
Total Estimation for Season 8*
*If funding was requested.
Over the past five seasons, the Bankless Academy project has requested an average of ~1.4M BANK. However, for this season, the compensation breakdown will remain the same, but the ask to BanklessDAO will be lowered to zero. This is an important step and opportunity in our pursuit of being a self-funded and community-driven public good.
It is worth noting that this season’s projected spending will be covered by the grants received by the project. While grants are an important source of recognition and revenue, they are not part of our permanent revenue model as they are one-time in nature. Our primary commitment this year is to continue pursuing self-autonomy through Lesson Sponsorships, Lesson & Article Collectibles, and Whitelabel Partnerships.
Factor KPI & Success Metric
Lesson Creation #≥1
The Explorer Handbook Article #≥2
Lesson Completions #≥500/month
Besides its educational purpose, Bankless Academy provides utility to BanklessDAO by facilitating its infrastructure free of cost. This is done via BanklessDAO Academy which is used by Guilds and Departments for onboarding and member roadmaps. At present, the platform holds the BanklessDAO Constitution Lesson and a special curriculum for the Project Management Guild. The price equivalent of such a platform is $40,000. The investment the DAO has made in our platform has allowed free sharing and use of this infrastructure to the benefit of the DAO community, with continued basic maintenance and deployment of lesson content provided by Bankless Academy.
In addition, revenue generated through NFT sales will be used to give back value to the DAO. 5% of the current will be sent back to banklessvault.eth per Lesson Collectible -our upcoming collectible content- with an estimated value of 0.25 ETH per lesson. This is a summary of our latest sales:
How to Fund a Wallet on Layer 2 Article Sales Summary
100 sales at 0.01 = 1 ETH
1 ETH x 5% = 0.05 ETH back to bDAO on Optimism Network
BanklessDAO Constitution Sales Summary
Down the Rabbit Hole 8 Sales
The Bankless Code 5 Sales
Trustless State 7 Sales
Genesis 3 Sales
$BANK 6 Sales
TOTAL Sales: 29
TOTAL Income: 90 MATIC x 29 x 0.875 = 2283.75 MATIC (1141.875 MATIC for BanklessDAO & same for Bankless Academy)
Bankless Academy is a BanklessDAO native project. We have incorporated the Bankless brand with the aim to be the educational extension of the Bankless movement, and thus we continue to extend the mission, vision, and values of a Bankless lifestyle. The topic will be available to our audience with more detail within the upcoming ‘Going Bankless’ lesson.
FURTHER PROJECT CHANNELS
Bankless Academy Website
Bankless Academy Notion Page
Bankless Academy Twitter Profile
Bankless Academy Lens Community
- Let me get my helmet, brb.