Project description:
Otterspace is building a flexible and easy-to-use infrastructure for DAOs to use non-transferable NFTs, which we call Badges. Badges can enable DAOs to perform non-financialized governance, automate permissions (access rights, etc.), manage community-specific reputation/credentials, and create better incentive systems.
Currently, we are in our private Beta with 16+ DAO partners, including Radicle, Bankless DAO, Token Engineering Academy, OurNetwork, and Syndicate, amongst others, and our product is deployed on Optimism Mainnet. We are co-authoring a token standard specifically for non-transferable tokens (EIP 4973), and are building an open protocol that utilizes the standard and an application that is in service of the protocol.
Today, Badge collections can be designed and manually assigned by a DAO admin to members in the DAO through our easy-to-use app interface. Badges can have expiration dates and artwork specific to the DAOs use case. DAOs can also interact directly with the protocol if they prefer to develop their own front-end.
The four key use cases that we see from our work with the private beta participating DAOs are:
Governance (e.g., supporting Radicle DAO’s distribution of influence, wherein RAD tokens will be delegated to Badge holders to distribute governance influence within the DAO)
Community membership & engagement (e.g., the Bankless DAO season passes, Our Network)
Access management (e.g., token-gating Discord or documents based on Badge ownership - we are working on this with Guild at the moment, but also including other integrations such as Wonderverse, Coordinape, etc.)
Education & credentials (e.g., issuing Badges to record course completion as intended by Token Engineering Academy & Token Engineering Commons)
You can preview the current version of our product in our product deck 2 & this product demo video 2.
Soon Badges can be earned by completing missions based on meeting on-/off-chain conditions (e.g., have bought token X before, participated in governance, etc.)