Cancelled

JBP-466: $140k to seed the Bannyverse in exchange for $BANNY and NFTs

Cycle

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Synopsis

Bannyverse is an animated series, perpetual NFT collection, and fearless counter cultural movement championing the Banny in all of us.

It is art directed by sagekellyn.eth, written by lurkmoth.eth, developed by peri.eth, blessed by mieos.eth, and produced by breadfruit.eth with plenty of historical support from the $JBX community.

This proposal is to pay $140k of ETH to the Bannyverse revnet on launch, which will yield:

  • $BANNY tokens that are a claim on the Revnet's revenues. These can be immediately be redeemed for ~50% rebate if $JBX wishes. Or, it could hold and benefit from growth of the revnet.
  • A basket of rare naked Banny collectibles that will be available from the Revnet, for which limited edition collectibles can be purchased. See the sections below for details.

What JuiceboxDAO does with these assets is out of this proposal's scope.

The banny.eth multisig will manage the $BANNY received from the boost in order to fulfill content and NFT production as described below.

Motivation

Key Points:

  • Bannyverse's economic model is a Revnet with the following specs: https://hackmd.io/@jango/revnets-1#Revenue-Model6.
  • We want JuiceboxDAO to fund this Revnet with $140k worth of ETH on day 1, yielding $BANNY and a basket of Naked Banny NFTs (see below).
  • $BANNY can be redeemed at any time for a rebate on the initial amount contributed. Given the revnet's boost, JuiceboxDAO's $140k allocation will lead to at most an exposure of $70k, which will decrease as the Bannyverse network grows.
  • The Naked Banny NFTs can be outfitted with seasonal accessories over time. Revenues from accessories will all route to the Bannyverse revnet.
  • We will resurface assets from the unreleased pixelated Banny collection designed in 2022, with refreshed presentations and intents.
  • The Bannyverse revnet will be used to boost the banny.eth multisig, which will produce and distribute Banny content and accessories. As the above spec denotes, a premint of $BANNY will be distributed to dao.jbx.eth for historically sponsoring the development of assets that this manifestation of Bannyverse will be based on.
  • In order for JuiceboxDAO to breakeven from its $140k allocation, the Bannyverse revnet must accumulate investments and revenues over time (roughly 100 ETH over time). It will command investments and revenues by creating compelling Banny culture that speaks to people.

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Once upon a time when TileDAO, SharkDAO, ConstitutionDAO, MoonDAO, and others were sprouting out of fertile programmable soil, each link shared across social media was graced with a large cameo image of a yet-to-be-named Banana sitting in a chair sipping juice, slinging ethernautic bits across a desktop floating in space. The links kept flying, the payments kept coming, the message was clear: Banny is an attractive force, double down on Banny.

We now wish to build on a 2.5 year evolution of Banny. Sage and the $JBX community have developed Banny insanely well from graphics to claymations, to Mieos' content, an insane unreleased NFT collection, and now most recently to Banny Warhol. Banny's just getting started. Banny's got the power to keep attracting people to projects, and creators to the open money Juicebox ecosystem.

Our broad goal is to incrementally reveal the plot behind the Bannyverse. What are all these Banny's going on about, anyways? Why are they so... them? What's on their minds? What the fuck?

Inso doing, we will adapt to current events relevant to our audience, and accompany the drama happening around the Juicebox ecosystem. We think Banny is the perfect orator for conveying the moral dilemmas, hypocrisies, mundanities, and absurdities of our time.

Our target audience is the mischievous side of ourselves. We think Banny has a place in people's hearts and minds at the scale of South Park, but we will not get there without being bold and surfacing hard conversations and counter intuitions. Banny is crypto-aware, but not crypto-finatic. Banny is politics-aware, but not politics-finatic. Banny is Earth-aware, but not Earth-bound. Banny is so 2024, and yet will work to maintain timelessness and novelty over time.

Maybe most importantly, Banny is not risk averse. Banny will at times piss you off. In fact, unlike traditional media, we think Bannyverse will benefits tremendously from AI-influenced democratized storytelling, so anyone will be able to add their spice. Exciting, but beware.

We will start by focusing on weaving the Banny character into a series of animated stories accompanied by art collectibles.

Series

The first season of "Into the Bannyverse" will consist of 5-8 ~5 minute episodes, each transporting the audience to a foreign-yet-familiar multi-media world that Banny has been cosmically appointed to help save from eternal isolation. Banny, who isn't used to hefty responsibilities, finds themself in charge of keeping the multi-faceted Bannyverse together, alive, and prospering.

The narrative arch will play with the constant competing pressures between the "decentralization" of worlds vs "centralization" of a unified story. Banny is appointed by divine intervention to promote the cosmic order, but through their journey Banny finds that not all worlds want to be subject to order, preferring independence and their own vision for peace and prosperity.

Alongside the main episodes, we will drop 15-30 second shorts on a weekly basis.

Pilot: https://youtu.be/OCQePTpBZyg?si=33vF-0B80nhQOEaJ Teaser: https://drive.google.com/file/d/1x0K89wO3c4cU0ebgYISDRyZz3p6fpJsg/view?usp=drive\_link Clip: https://drive.google.com/file/d/1bxXY12lufdyLQuU90Lh3DVO4eFRZlK1n/view?usp=drive\_link

The schedule will be:

Jan Week 2:

  • prep treasury deployment on testnet with base characters (4 above. awaiting feedback or other ideas).
  • drop a 15 second clip

Jan Week 3:

  • finalize treasury deployment on testnet.
  • drop another 15 second clip.

Jan Week 4:

  • cleanup, catchup.
  • drop another 15 second clip.

Feb week 1:

  • prep mainnet deploy, final touchups.
  • drop a 15 second clip.

Feb week 2:

  • production treasuries. base bannys available for collection.
  • drop first "episode" introducing bannyverse.

Feb week 3:

  • drop a 15 second clip.

Feb week 4:

  • drop episode 2

March week 1:

  • drop a 15 second clip.

March week 2:

  • drop a episode 3

March week 3:

  • drop a 15 second clip.

March week 4:

  • drop episode 4

April week 1:

  • drop a 15 second clip.

April Week 2:

  • drop episode 5

If we have sufficient funding, we will continue to 8 episodes. This will be determined by end of Feburary.

Once this season is over, we will stop and asses.

Collectibles

4 Naked Banny NFTs will be sold from the Bannyverse Revnet on each available chain (Ethereum, Optimism, Arbitrum, etc): image.png

  • Alien: 100 supply per chain, 1 ETH each.
  • Pink: 1000 supply per chain, 0.1 ETH each.
  • Orange: 10000 supply per chain, 0.01 ETH each.
  • Original: unlimited supply per chain, 0.001 ETH each meant to be as accessible as possible.

Each chain will have the same spread to make the treasury easier to scale to any number of chains.

We will then start selling accessories that naked Bannys can buy on each chain, with sales sent to the $BANNY revnet. The point of sale will be at https://banny.eth.limo, and might or might not feel similar to the image below. We will accompany the animated series' storyline, and include seasonal drops in small batches throughout the years, with occasional nods to currently trending Juicebox stuff. Like a 10 edition of an ice cube accessory for banny in homage to cryo, or a space suit as a nod to moondao for example.

image.png

Specification

When the Bannyverse mainnet revnet is published, send $140k worth of ETH to it, specifying the Naked Bannys that it wants in return. $JBX will count on breadfruit.eth to communicate and execute the vision.

Rationale

The Bannyverse revnet will support the development of the Bannyverse content and collection, while also acknowledging Banny's roots from which we build. By using a revnet, we are aligning with open source and open finance culture, signaling that Banny is for everyone and will never be owned by the few or bought by the man.

Risks

Content flops!

Timeline

When the Bannyverse revnet is published on Mainnet.