metadata: {"signature": "0xc83651605c965fac398fb670f409afb6a7d13d029b3a4c52852befae6241376644fa975c6c2e5d5358d0af28134dffb93cab21c02c3fe9f6468cb07a1251ee481c", "application": {"round": "0xf3dc658c73fc3e931d6d621f33c30c333e342132", "answers": [{"type": "multiple-choice", "hidden": true, "question": "We distribute funds in $TEC on Optimism Chain (OP Mainnet). 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Founded by artists, industry leaders and creatives from VICE, NIKE, Boiler Room, the Olympics, Soundcloud and Resident Advisor. The DAO is on a mission to change the cultural industry by introducing artists and audiences to new technologies through worldwide events, art and music releases, and creative programs under the Refraction brand. ", "hidden": false, "question": "Individual or team summary", "questionId": 5}, {"type": "multiple-choice", "answer": "Social Infrastructure", "hidden": false, "question": "Project category", "questionId": 6}, {"type": "paragraph", "answer": "Refraction intends to use this grant to conduct further tokenomics research into an Experience Token, which will unite our onchain and offchain experiences into a frictionless ecosystem at future Refraction events and ultimately across the world through our global network of cultural partners - with collective ownership at its core. \n\nAs this project is in the early stages, we would have achieve our goals upon the successful launch of an Experience Token within the next 18 months. In the longer run, success will be measured by widespread use of the token across a wide and diverse audience base, as well as partnerships with institutions, festivals, venues and collectives in every major city across the globe.", "hidden": false, "question": "What specific problem(s) do you seek to solve with this grant, and how will you know whether you have accomplished your goal(s)?", "questionId": 7}, {"type": "paragraph", "answer": "Collective ownership of IRL experiences promotes the public good by enhancing accessibility, empowering communities, preserving culture, fostering social cohesion, and encouraging public investment. By collectively owning and managing these shared experiences, communities can create more equitable, inclusive, and vibrant societies for everyone.", "hidden": false, "question": "Describe how your project contributes to token engineering and why it is a valuable public good.", "questionId": 8}, {"type": "multiple-choice", "answer": "Proof of concept (PoC)", "hidden": false, "question": "What stage do you consider your project is currently in?", "questionId": 9}, {"type": "paragraph", "answer": "In 2 years since its inception, Refraction has successfully bridged web2 > web3 by onboarding the upper echelon of artists, creatives and producers, as well as global cultural partners such as festivals (Mutek), nightclubs (Public Records) and institutions (Rhizome/New Museum) to our experiences. Together we\u2019ve introduced tens of thousands of people to the blockchain through 35 events from top-tier club shows, panels, gallery exhibitions, to festival events in major centers across the globe. ", "hidden": false, "question": "Please share any new updates or milestones from the prior months.", "questionId": 10}, {"type": "paragraph", "hidden": false, "question": "If your project has received prior funding from the Token Engineering Grants Program, please describe the impact that funding has had on the project.", "questionId": 11}, {"type": "short-answer", "answer": "Not applicable", "hidden": false, "question": "Previous project funding sources (VC, grants, token sales, etc.)", "questionId": 12}, {"type": "number", "answer": "0", "hidden": false, "question": "Total prior funding for the project in USD", "questionId": 13}, {"type": "short-answer", "hidden": true, "question": "How did you hear about the Token Engineering Grants Program?", "questionId": 14, "encryptedAnswer": {"ciphertext": "Q83nWyL5JJs/2SXEMt6y78nD9gwkclQzgVbrvCMObW0=", "encryptedSymmetricKey": "373db535733d6ea27b9a52b1b0e205880c17924bd7388c53d71ce043c50bea5918fd05448ef6a63d139b76e1ace4ed01ce3738e060679feda9d2b5d45623ea9d554c5771173f15a29cc4ba16b1b4b5bb1be5de17acc99173fdf262345212f0948424c3efe561645f75d2201b96c283b8b094a6d98f902af7f435f98daf6c801d00000000000000200ce81b330a327f5bcc6b406dcfb49ef2b733d3d9d6a95cc297cb0e5217487d5b6ddbee9516bf14e463ca724010b934b9"}}, {"type": "multiple-choice", "hidden": true, "question": "Would you agree to participate in a follow-up survey approximately 8 weeks after the grant round to assess the impact of the funding on your project?", "questionId": 15, "encryptedAnswer": {"ciphertext": "YGdplNR2XykLL+TnAIfEAeYH658c/QFYFDj7BsmkvIM=", "encryptedSymmetricKey": "e842e82de60194ec3aa9921c6b5647df4d486f64ecdf3046b0ab9ea725c6f2e0374500c9f7abe091545279228b9f2b1315294c3693e955ca826d01bae776f0003aa8c46b8fccbec42c22625af8d70512a1d32a614cbca8d534ebcecb7b01b5aaa1e422df98716883dc29a604063d01626e2974a84ccebbbef0b9f1ed4de070500000000000000020fb1b2e5fadb73f181ab75394e15738a500f2467476446f675f1d69335cda1d5a159108b036461a0e31c5b8ce618222b6"}}, {"type": "paragraph", "answer": "Refraction aims to give event attendees tangible ownership over their experiences by introducing the Experience Token, which gamifies cultural experiences such as events and drops, leveraging online interactions to enhance real-world engagement and vice versa. By creating a token ecosystem that rewards and incentivizes IRL participation, Refraction makes Web3 more accessible, understandable, and enjoyable for a wider audience, thus driving the next wave of blockchain adoption. \n\nMoreover, the data gathered from an experiential token economy adds a new dimension to understanding audiences, improving event experiences, and driving success in an increasingly competitive industry.", "hidden": false, "question": "Anything else you'd like to share about your project, previous work, or other project affiliations? Anything you'd like to add that has not been covered?", "questionId": 16}], "project": {"id": "0xae418a6a1ff1f198ba9a1003286be3711d3263b18932797f26c4b5631e79bd37", "title": "Refraction Experience Token", "metaPtr": {"pointer": "bafkreia5gft3uectt65bnyctjh7nymqhyatd646bfdqofwfkfjfmodkbry", "protocol": "undefined"}, "website": "https://www.refractionfestival.com/", "bannerImg": "bafkreibvicf3oaeljyb7ydjvivrxbzrzcbf57lhesqb7l3bf7ylg2i7dju", "createdAt": 1714201934159, "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..2RQfg0ezDWNY4StM5EuwSghnx35Sb3egB1PFKs3TXsmMc6BNqZyFx1_ifbQhewa7Tyu1myYp-5hsu06-3p5wAg", "type": "Ed25519Signature2018", "created": "2024-04-27T14:24:47.378Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-27T14:24:47.378Z", "expirationDate": "2024-07-26T14:24:47.378Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x374B51aAcBEb7A3B764801487593c653bCbC22dD", "hash": "v0.0.0:u+9EqJA58je37TomL7Sj4yxFcDUujZKJ0SU/W9vDvAs=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#RefractionDAO"}}}, "description": "Refraction is an artist-owned community leading the next wave of digital art, music and culture \u2014 online, onchain and IRL. Founded by artists, industry leaders and creatives from VICE, NIKE, Boiler Room, the Olympics, Soundcloud and Resident Advisor. The DAO is on a mission to change the cultural industry by introducing artists and audiences to new technologies through worldwide events, art and music releases, and creative programs under the Refraction brand. \n\nOur next phase will continue to cement our role as innovators of IRL experiences through the introduction of the Experience Token, which will unite our onchain and offchain experiences into a frictionless ecosystem at future Refraction events and ultimately across the world through our global network of cultural partners - with collective ownership at its core. \n\nCollective ownership of IRL experiences promotes the public good by enhancing accessibility, empowering communities, preserving culture, fostering social cohesion, and encouraging public investment. By collectively owning and managing these shared experiences, communities can create more equitable, inclusive, and vibrant societies for everyone.\n\nIn the short-term, Refraction intends to use this grant opportunity for planning and research to structure a token ecosystem that rewards and incentivizes IRL participation, gamifies cultural experiences such as events and drops and leverages online interactions to enhance real-world engagement and vice versa.\n\nIn 2 years since its inception, Refraction has successfully bridged web2 > web3 by onboarding the upper echelon of artists, creatives and producers, as well as global cultural partners such as festivals (Mutek), nightclubs (Public Records) and institutions (Rhizome/New Museum) to our experiences. Together we\u2019ve introduced tens of thousands of people to the blockchain through 35 events from top-tier club shows, panels, gallery exhibitions, to festival events in major centers across the globe. This has resulted in a recognized and trusted brand that has brought real world value to the blockchain.\n\nThe long-term vision is to launch and grow the use of an Experience Token that redefines ownership paradigms to empower artists, organizers and attendees alike, while fostering genuine long-term engagement and connection in the global experience economy. This will make Web3 more accessible, understandable, and enjoyable for a wider audience, thus driving the next wave of blockchain adoption. ", "lastUpdated": 0, "projectTwitter": "RefractionDAO"}, "recipient": "0xCBfa3c438EBb86FF17b075a0a0b6f15a08DAFEA8"}}