@wollemiPine @Mark11 I have nothing against grants.
My objection is basically on the principle whether we should keep the authority to distribute DAO funds centralized or decentralized. My heart warms for most things decentralized and the challenge is to unlock needed grant/funds without centralizing the disbursement authority. I believe the Tyche functionality could be the key to unlock this. And it could be absolutely brilliant.
Thesis #1: Market value
Americans donate 500B USD per year to charity. Americans provide 17B USD per year for crowdfunding. The US stock market cap is 50T USD, while crypto market cap is 2.5T USD or 1/20th of the stock market. If we use that as a proxy we derive that the crypto charity / crowdfunding potential is 26B USD per year. For America alone. Multiply with 3-5 for a global number. Say crypto charity / crowdfunding potential is 50B/year conservatively.
Thesis #2: Digital identity
The importance of digital identity is increasing by the day. In meatspace, we spend most of our money on our home as it is our primary extension of our identity and status. Digitally - how do we extend our identity and project our status? First it was PFP's. And they go for millions right. Next, we want other random NFT's - but we are lacking places to showcase our NFTs. No showcasing - no gain to my digital identity. So here comes the Metaverse, and with the metaverse we now have a space to showcase our extended identity. But showcase with what content?
Thesis #3: Tyche enables the Human desire to be seen
With Tyche, we can create a charity/fundraising marketplace, capturing a decent portion of that 50B USD / year. The DAO, can manage publicity campaigns for these fund raisers rather than disbursing central funds. Everyone that donates/crowdfunds, should get an NFT plaque as proof or their contribution - possibly one statistical, like a contributor list of "names" - possibly one tradable artistic NFT. These NFT's should be possible to be put on display in the galleries of House of Olympus in the metaverse as well as in the persons own individual house in the metaverse. These NFT's become the content that we all will want to showcase as extension of our digital identity.
Going with the centralization of disbursement power, we dilute opportunities from Olympus and ohmies when it comes to extending our digital identities. Tyche + NFT could unlock a lot of fund raising opportunities. Few want to give money away anonymously. But if people receive acknowledgement and proof of being good citizens - a lot more capital becomes available. NFT is that proof. Just like most not-for-profits do provide some tangible acknowledgement to donors, so could Olympus.
So, I have nothing at all against grants/charities - its just I see 50B+ MUSD turnover opportunities with decentralizing it and bridging it with the metaverse.