Rug Radio Town Hall Notes - October 28th🎙
In this week's Town Hall, we have tons of exciting updates with new content, creators, team members, updates with our DAO proposals, and so much more!
Mando and his wife gave birth to our 2nd Rug Radio baby!
Rug Radio hit 1M impressions on twitter with Jess, JC, and Gldn really helping us hit this milestone with content and community engagement
DAO & Governance🏛️
We had an amazing meeting with our external legal counsels from the US and the Cayman Islands.
In short, they feel that our current token structure clears a lot of the challenges we are seeing in the media around DAOs meaning that we have the best possible structure based on regulations at this point.
We now have our roadmap and commitment from our tax and legal teams to have this set up in 4-6 weeks and definitely by year-end.
Please know this advice from them isn't a "legal opinion" but simply assurance that we are on the right path. There's much work in the DAO to be done.
On track to have the suite of proposals made available to the community by late night tonight to read and comment. We will be on track to open the vote for 5 days starting Monday afternoon
Prop house with a budget will also be apart of those proposals
Sent 23 ETH in secondary fees to the DAO Treasury in the past month on top of sponsorships and partnerships
We’re currently under-budget for the $1M budget and will be working to make these numbers open for everyone to view
Team & Content Updates✍️
Operations updates from Amie (Amie’s back!)
Reconnecting with each of the team members to figure out how they work and how she can help with making processes more efficient
Working on the Core Metrics sheet to have all of our key metrics in one place
Since August, 10.5 ETH sponsorships has gone back into the DAO from GM NFTs and NFTs beyond the floor
Helping get all of our new team members onboarded and set up
Community Updates from Jean Carlos
Things we worked on:
Giveaways: LiveArt, Streetlabs, Artie
Revamped both Discord servers
Created the partnerships FAQ to share during our calls and emails which has been streamlining the process significantly
Assisted Melina with the TikTok account.
More calls for Collabs/Partnerships.
Updated website removing some hosts and renaming shows.
Installed the new NFT Dashboard bot on Discord, which provides details about prices, stats, and more information filtered by traits.
Assisted Amie with Gnosis safe to make transfers from the NFTs wallet. This will help making the transfer of giveaways and other community-related activities easier.
Creator & Content Updates
Added 7 new shows and 9 new creators in the past 2 weeks
The Sheepy Show w/ Twitch Streamer, Sheepy McGhee
One Big Idea w/ Entertainment Industry Strategist, Austin Hurwitz
OriGensXYZ w/ European Web3 Movers, Chana Kanzen + Nikita Cikaluk
Zombies Roundup w/ long-time Trade and Financial Experts, Marc Loprestii & Jon Najarian
Sound Bored / Staking The Band w/ Musician and Talent Manager, Shwaz
NFTs GEM w/ Global NFT Advocate, Daniel老多 (Our first show in Mandarin!)
Decentralized Convos w/ Consultant and Web3 Analyst, The Crypto Duchess
Searching for Audiogram editors
Tons of creator zoom calls, strategy calls & new cover art to create
Austin Hurwitz, our first paid creator over 10 episodes for 3 months
Created a press release for all the updates (just finalize for distro next week)
Discussion with video editors to increase the amount of video content.
Reviewing all my process with to find improvements as we scale up the Creator’s program
BLDR working thru the last tasks to have MVP product ready
7-8 new posts schedule for Rug News with a new a process to allow writers to post their articles coming next week
Got a shoutout from the CEO of 9Gag as well as a shoutout about his Twitter threads
Helping recruit & onboard our video and audio editors that will level up our clips
Implementing a team wellness aspect given how hard the team works
Farokh & Team Shows
GM NFTs with OSF and Mando (Monday - Friday @ 10:30am - 12pm EST)
GN NFTs with Farokh & Threadguy (Monday, Wednesday, Friday @ 9pm - 10:30pm EST)
“Farokh &” show (Saturdays @ 1pm EST)
Aaaaanywaaaaays with Mel (Thursdays @ 8pm EST)
Rewards updates from Jess
Participate to Govern Testing
Alpha testers have been helping build and refine the custom app through Xpand
The 2nd testing group is currently testing the custom app for Twitter with the entire waitlist of 300+ people coming very soon where you can earn rug that can be swapped for RDAO and get involved in governance - Participate to govern in news & updates
Newsletter Updates from Ryguy
Setting the foundations for our newslettersCreating outlines, templates, and strategies for a intro/weekly newsletter, DAO announcements, and new sign up forms/automationsWorking with nearly the entire team to launch the newsletter (e.g. platform, design, etc)
Sent our first newsletter!Goals(Re)introduce those who may have checked out from NFTs in generalCreate a newsletter that people actually want to read (Media for the people, by the people) - Included a brief (re)introduction, what we’ve done so far, what’s next, a short FAQ, and a survey
Introductory Newsletter Stats2400+ opens (~53%) of our entire email list from all over the world, mostly in the US10.5% CTOR (click to open rate), # of people clicked a link in the email / opens110 Survey responses with 87% of them already being Rug Radio holdersLots of really great feedback about what people want to see
Read the introductory newsletter
Made changes that should improve these stats, but we'll look at the data/feedback and iterate
Starting on Sunday, our newsletter will be going out on a weekly basis recapping the events of the past week such as the market, Web3 news and highlights, Rug Radio news, and more
Once we really get a solid foundation, I'd like to have an archive section on the website and introduce rewards for reading & sharing the newsletter
Added more team members!
Helping with video content across Tik Tok, IG, Shorts with daily topical content
Background in Journalism and TV; Entered Web3 and noticed a lack of factual information
More content coming from Miami to make sure everyone is a part of it
Joined the team with his first One Big Idea podcast with Episode 001 with Andrew Wang
Worked in entertainment for 8 years negotiating contracts at Amazon and helping artists distribute their content
Newsletter: Deep into one topic every week
Podcast: Bring in cultural thought leaders, founders, and creators
Publishing to Youtube and the podcast is everywhere except Apple
Helping from a Head of Content perspective; Founder of CoinCentral
The MVP for Bildr is almost done, we’re just finalizing some of the design elements and setting up hosts with custom branded profiles
The Rug Radio store is done and will be coming very soon
Sponsoring Metaverse Miami from November 28th - 30th with both a virtual and physical stage
Finalized event for Project Basel on November 30th from 6pm - 9pm with location and VIP code TBA👀
Difference between Staff and Core Team roles and clarification around roles?
Interested in listening to entire Town Hall? Check out the recording on Twitter!