[PASSED] IIP-41-R Illuvium PVP Tournament Fund

[pseudo belfry]

<@&1107754780744487002> Snapshot: https://snapshot.org/#/community.ilv-gov.eth/proposal/0x16c2466e61cb2857ef9834e59a7b803da9b8962ffc9a5723d4c066d57b615637
<@&1107754344499122206> Snapshot: https://snapshot.org/#/marketing.ilv-gov.eth/proposal/0xa585726fc4e337e7f64bfbad7a7e6143cd91b60e683066194c134f9e55e36979
Abstract:

To create an Illuvium PvP Tournament Fund (IPTF) that allows the DAO to sponsor up to 10 tournaments every month up to a total of 100 ILV in rewards and provide beta codes to participants.

Summary:

The IPTF will be created alongside the launch of the Arena PB3 PvP beta allowing up to 100 ILV each month to be given to other entities after an application process. Even though this will be on a case by case basis, the other organization or individual will typically use the ILV as prize money to host grassroots tournaments sanctioned by the DAO. This will stimulate the player economy, make Illuvium more relevant in the Web 3 space and give the DAO invaluable information leading up to the Open Beta launch of Illuvium. Beyond this, it will also allow the DAO to build stronger relationships with existing communities and forge new relationships as it prepares for the end of 2023.

[modern heath]

I really like this proposal, but have some thoughts in regards to some differences from illuvium and the mtg use case. In the mtg case the prizes given out have value in the ecosystem but don’t cost $$$ from the creators (other than print and packaging) whereas ilv tokens have a direct correlation to money. As of right now, the only thing in the illuvium ecosystem similar would be illuvitars, emotes, battleboards, but in the future there would be many more options including illuvials. It would be great in the future if the rewards for tournaments were not solely tied to ilv, because if it is the interest/value of the tournaments has a direct $$ value and costs the dao. This is similar to games like Axie Infinity, where the value of winning a season or tournament looks great in a bull market but not as much in a bear. If we could give special illuvitar disks (maybe every series there is a tournament disk?) emote packs, or holo/dark holo/special release illuvials in the future I think it is worth considering because it won’t cost the dao and it can incentivize more interaction within the different games of illuvium.

[dusty arch]

I'm fully supportive of this proposal as it's a great concept and can serve as a foundation for future tournaments. However, the only aspect I disagree with is giving away ILV tokens this early in the BETA stage. Currently, using today's market value, funding with ILV would cost $4,000 per month ($48,000 per year). We all believe the token's value will rise in the future, so holding these tokens now could help fund tournaments at a higher fixed value, using fewer tokens.

Alternative:
We could substitute ILV with Illuvitar mega disks, offering the same value, potentially even greater. Using the same market value as the proposed ILV tokens, it would be equivalent to 141 Mega disks per month (1,684 per year). If a tournament winner opens a pack with T5 stats, that could be an additional financial benefit for the tournament winner if they decide to sell it. This change would not only help reduce costs for the DAO in funding such tournaments 'during the bear market,' but it would also be beneficial from a marketing and sales perspective, increasing the number of 'disks in wallets' and driving up the current and future number of DAUs for Illuvium Beyond.

[pseudo belfry]

[PASSED] IIP-41 Illuvium PVP Tournament Fund