Rug Radio Town Hall Notes - April 3rd🎙️

gm fam! Every two weeks on Monday at 5pm EST, we host our Town Hall on both Twitter Spaces and Youtube to let everyone know what we've been up to and what's next.

In 5 minutes or less, this recap will get you caught up on everything we've been up to in the past 2 weeks. You can also see the entire team in matching Rug Radio hoodies on the YouTube replay!

Here's what we've got in this week's Town Hall...

• DAO & Governance Updates

• Q1 Highlights

• Creators and Rewards Updates from Jess

• Partnerships Updates from Chana

• Special appearance from Mike Kriak

DAO & Governance

• Long Range Plan and Budget proposal passed with a 99% approval rate

• DAO Operational Council proposal passed for another 3 months

• Probably Nothing x Rug Radio proposal passed

  • Probably Nothing is building an app to aggregate Discord communications

  • This is the first proposal from an outside community that was approved, and they will be integrating rewards in the form of $RUG token.

Kenobi, DAO Council Member

The council has been meeting weekly to discuss strategy and finalize the operational council framework as the thorough and official document that will govern how the council operates.

DAO Engagement Strategy sub-committee

This committee was set up to communicate with both current and prospective DAO holders to educate and inform them about what the RugDAO is all about and the opportunities available. If you're interested in getting involved, reach out to the DAO council in the Discord.

Highlights of Q1

• We successfully launched our PFP project, Faces of Web3, designed with Cory Van Lew minting out all 20,000 PFPs

• Launched Stubs as a new initiative to reward holders and spotlight artists

• Open a sports vertical as part of our partnership with Sorare, led by Buster Scher.

We’re also finalizing our tech and media roadmap for the rest of year, and we’ll present that in the next Town Hall on April 17th.

Creators & Rewards Updates from Jess

Rewards

• We’re now approaching 2,000 members in the program with steady growth week over week since launch.

• Sold 12 items in the store across auctions, Membership Passes, Genesis NFTs, and PFPs.

• A community member offered a real life lego set of a money tree to sell in our store, plus we have artists and more reaching out.

• Coming soon: Building out a new and improved store with enhanced UX, features, capabilities, and more.

Creators

• Completing the first round of Tier 4 mentorship, which is a coaching and education program to help Tier 4 creators market and brand themselves as well as create content that attracts sponsors.

• Creating a Tier 1 introductory course for new creators to learn about branding, production, marketing, and more.

Partnerships Updates from Chana

Chana officially started in February creating SOPs, updating packages, increasing scalability, and we're seeing an increase in client retention and referrals. Primary goals for the rest of the year include…

• Expanding partnership opportunities to more Tier 4 and 5 shows.

• Launching 2 additional verticals in Q2 as well as landing big brand partnerships for Q3, Q4, and early 2024.

Since February, she has generated sponsorship revenues of…

• 88 ETH

• 269,282 USDC

• Total: 427,293 USDC (secured)

• Receivables: 208,358 USDC

• Grand Total: 635,651 USDC

In addition to show sponsorships, we've also been working with high level event organizers and generating revenue via in-person event partnerships including:

• Proof of People in NYC on April 12 (Get your tickets)

• Consensus in Austin, TX and a special event in partnership with Metaversal (info coming soon)

• Non Fungible Conference in Lisbon, Portugal on June 7-8

Our next Town Hall will be on April 17th at 5pm EST. Click the button below to add a reminder to your calendar!