Quickly before I outline the proposal, I just want to say I love Canto and I love this whole idea of the Canto clusters. I really like what Canto is shooting for in terms of true decentralization and user-ownership, self-custody, etc. The core tenants of crypto are alive and well here!
So, as someone who loves the space, I’ve been quite saddened by the amount and intensity of rugs in the Canto NFT space. When I heard of Canto, I quickly rushed to get over here ASAP as I saw it as an emerging space, a place where I could network and get to know the key players before it blew up, and like I said above, a place where my own ideals were reflected. I began an NFT project (Cantoasis, some of you may have seen or heard of it) and it took me about a month of nose-to-the-grindstone work to get everything set up. Unfortunately, during that month as I participated heavily in the space, the Alto chat, etc, I watched so many different projects spring up, suck liquidity from the market, and then rug, leaving nothing of value behind and taking away opportunities for legitimate creators such as myself and other great emerging Canto projects like Impulses, Duks, and so on.
So, I was hoping to spearhead an initiative to try to stay on top of upcoming NFT releases, contact potential projects to discuss their plans, checking to make sure that project art isn’t stolen or copied, etc. I would be looking to partner with multiple other projects that I’ve already networked with in the space that are legitimate.
Now, I recognize that this is a potentially problematic venture. To be clear: I am not suggesting some kind of board that says whether or not projects can launch. Canto should be free for all. Rather, I am suggesting some kind of system that potential investors could use to check up on projects before choosing to invest in them.
My dream version of this cluster would be a large, multi-faceted and extremely diverse group of NFT creators and enthusiasts who work together to keep Canto investors safe from rugs.
I’m open to thoughts, suggestions and criticism. Unless I get some extremely negative responses, I will likely begin putting a team together to work on this soon…
My project link below for those curious: