Offering NFT badges to projects as a way to increase donations
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Right now, Giveth projects can get funding through direct transactions. Verified project donors benefit from Givbacks and the corresponding round POAP badge as long as they donate a minimum amount of $10.
Introducing project donor badges adds several benefits to projects:
- Offers a way to directly gratify project donors.
- Creates donation levels, pushing donors to specific amounts of donations. Right now anyone can donate any amount, there is no incentive to donate bigger amounts.
- Opens the door for future relationships with donors through token gating
A basic NFT collection factory could be used by verified projects to launch their own donation badges, setting up their specific ERC1155 NFT donation badge smart contract and minting page. Projects would be able to offer “Donating Level Badges” using NFTs to increase donations and donors would get a project soulbound badge recognition.
The Collection factory would have to offer project owners a way to:
a) Create and deploy an ERC1155 contract.
b) Offer IPFS image support to upload NFT art.
c) Set up the minting price for every NFT.
d) Deploy a minter page for donors to purchase the Badge NFTs.
e) Define minting phase dates and conditions amounts, qty per address, etc.