2024-4-9 Meeting summary for Steering Committee Monthly Call

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Quick recap

Pawel presented the Core Infrastructure Worker Proposal Review and discussed potential improvements to their system, including a new product for transaction history and a partnership with Opera for domain mapping. Luke reported smooth crypto-payment processing and positive field growth robot updates, while Wayne shared marketing campaign results and upcoming plans, including potential partnerships and a significant event in March. The team also reviewed new worker proposals and emphasized the importance of voting and token ownership for decision-making.

Summary

March Core Infrastructure Worker Proposal Review

Pawel presented the Core Infrastructure Worker Proposal Review for March. The team achieved 87% of the set budget, experienced a slight decrease in staff, and a 10% growth in crypto handle registrations. They made no new releases but continued work on existing items, including a voting bug fix and a Ubuntu upgrade. Pawel also discussed the development of a snap integration guide and the release of the 'Madam Ask Snap Support' in version 1.21. He highlighted a pending encryption bug in the ledger app and urged everyone to participate in the ongoing election. Finally, he announced the addition of a new developer to the team, emphasizing the importance of voting and not proxying tokens to ensure one's vote counts.

KPIs Review and Infrastructure Improvements

Pawel discussed the KPIs, highlighting no changes in the NPS score from the last survey in February. He noted an outage on the contributor website and an increase in foundation financials income, while expenses remained stable. He also mentioned an 18% increase in the treasury from February to March, resulting in a longer combined runway. Pawel then addressed issues with the current infrastructure products for tracking account history, explaining that they were built generically and do not accurately reflect the specific history of their chain. He shared that his team is exploring customizing products from the Eos community, such as Chronicle and Memento, to improve the accuracy and reliability of their historical data.

Pawel's Prototype for Improved Transaction History

Pawel presented a prototype he had been funding for a new product called Fee or Relic, aimed at improving the transaction history in their system. He mentioned that he might require an additional $20,000 to fully develop this product, which could then be offered to any integrator. Emily and Adam both expressed their support for this idea, citing issues with the current transaction history. Pawel planned to submit a separate worker proposal for this new product.

Enhancing Domains With DNS Mapping Discussion

Pawel discussed the potential of enhancing the utility and value of their domains by mapping them to DNS records, a feature first proposed in 2022. He suggested this could increase interest in their domains, given the higher activity in transactions for web domains compared to payment domains. Pawel proposed developing this feature within their existing worker proposal, without incurring additional development costs. However, he noted the need for a browser to support it for it to be useful. Emily confirmed a previous discussion about potential compensation for Opera's support, estimated in tens of thousands of dollars. Pawel recommended committing to the development of this functionality and forming a partnership with Opera for its integration, also recommending the extension of this integration to all their apps.

Pursuing .Tld and .fio tld Adoption

Pawel proposed the adoption of the .tld for web functionality and the potential acquisition of the .vo.tld once new Tld application support is available in a few years. He sought feedback from the steering committee on this proposal and whether they were willing to invest tens of thousands of dollars to build support for these domains in the browser. Adam, Wayne, and Emily agreed that this was a good idea and should be pursued. Pawel and Emily planned to coordinate the next steps to present this proposal to Opera. Pawel also revisited the topic of supporting non-Evm chains in Wallet Connect but found that it might still present the same issue due to lack of official support.

Crypto-Payments, Robot Growth, and Marketing

Luke reported that crypto-payments were being processed smoothly and funds were being distributed to Ashron for Bitcoin and Litecoin without any board intervention. He suggested the consideration of selling some crypto-stable coins if the bull market continues for reinvestment in the Treasury. Wayne presented the March update for field growth robots, highlighting that they were slightly under budget but still met their revenue target. He also noted positive increases in handle registrations and domain renewals, a slight decrease in audience growth rate on LinkedIn and YouTube, and an upcoming partnership with Scale that could boost revenue significantly. Lastly, he discussed the company's marketing activities and promotions, including a pause in the co-marketing campaign due to issues with bots on their platform.

Marketing Campaigns, Events, and Crypto Adoption Focus

Wayne discussed the results of recent marketing campaigns, indicating a net loss due to high costs and low token values. However, all tokens were eventually acquired at a lower rate. He shared future marketing plans, including a significant event in March and a potential sponsorship at the upcoming Consensus event in May. Wayne also recounted his experiences from recent events, highlighting the success of some and the lackluster performance of others. He encouraged the team to suggest additional events and noted they were evaluating each event's cost-ROI and potential for crypto adoption, particularly focusing on Asia as a potential hotspot for crypto events.

Partnerships, Updates, and Worker Proposals Review

Wayne discussed various partnerships and updates, including the launch of the Coin stats as the Field Handle resolution tracker, collaborations with Exelix, and the going live of Metamass. He also announced a listing announcement for the Vo token, the integration of Trust Wallet with FEo, and proposed plans for a significant marketing campaign. Further partnerships were discussed, such as an MOU with Dojima for interoperability, talks with Kima for decentralized money transfers, and potential use cases with Amorphous AI. Pawel then highlighted the need for the steering committee members to review and vote on several new worker proposals, and reminded them of their voting responsibilities.

Next steps

  • Pawel will coordinate with Emily and Adam to discuss the new worker proposals and ensure they are voted on by the steering committee members.

  • Wayne will finalize the MOU with Dojima and send it to Russell before the end of the week.

  • Pawel will review the new worker proposals and vote on them as a steering committee member.

Video

 

https://youtu.be/bMtaObmmUF8