labs ALP08: Asset-Based Confederations

ALP08: Asset-Based Confederations

Open tenthirtyone opened this issue 7 years ago • 0 comments

Proposal: Asset-based Confederations

Author(s): Alex Sherbuck [email protected]

Last updated: 2018/02/07

Abstract

Agree upon a scoring mechanism for non-fungible assets. Form a confederation where asset holdings represent each sovereigns' votes. Voting weight is determined by asset scores. Weight may be delegated to represent split control of an asset.

Using this property we may form organizations around our collective asset holdings. This is a means of distinguishing value between non-fungible assets, whose value differ by their nature.

Proposal

Upon forming an organization (Cryptokitties Collectors Club) we set rules relative to our interests. We assign point values based on the traits of our NFTs (rare genes = 10 points, common genes = 1 point). All NFTs are scored equally. NFTs determined to be of the highest value by the group are awarded the highest voting weight.

As the group makes decisions they may use their NFT weight to vote to come to consensus.

Split voting weight can be used to determine internal decisions for joint ownership (Renting space in a building). In the case of an asset that is co-owned or leased among multiple parties control of voting weight may be split according to ownership percentage.

A DAO may form around a single asset split between many owners.

Rationale

ERC-20 Voting is effective to represent shares or investment in an organization. ERC-721 voting can represent interests that move beyond financial stake. Asset voting weight gives rise to governing bodies around any asset holding.

All vote weight may be renting or sold, but the asset owner still retains the property rights of the asset by holding the NFT.