Foundation Grants
DRAFT - Working document: 12 May 2024
Purpose
Objective: Support strategic initiatives, contributions, and partnerships that accelerate ecosystem growth, infrastructure development, and adoption of XR One games and its ecosystem.
Funds
ARB, USDC/T and ETH from the Foundation
$XR Tokens from The XR Treasury
Proposal Process:
Inquiry: Potential grantees submit a brief summary of their project to the Foundation
Invitation: The Foundation reviews inquiries and invites select applicants to submit a full proposal.
Submission: Invited applicants submit detailed proposals, including but not limited to gameplay, team qualifications, milestones, and funding requested.
Evaluation: The Foundation evaluates proposals based on their strategic fit, feasibility, cost/benefit, and potential to drive ecosystem growth. The Foundation may request additional information (which may include KYC/KYB information) or interviews with applicants. The Foundation may also require each grantee to execute an agreement outlining the goals and objectives of the grant to such grantee.
Approval: For grants paid in $XR, the Foundation may engage a service provider or employee of the Foundation to approve and disburse funds. For grants paid in ARB, USDC/T or ETH, the Foundation follows its internal approval process and may engage a service provider or employee of the Foundation to disburse funds.
Announcement: Approved grants are announced to the community on the Governance Forum.
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