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Use Cases
All the operating model information explained in examples, so it can become clear as a day.
Sustainable Businesses
Artists and Creators
Charity and NGOs
Within this model we are aiming for a fair, transparent, and straightforward way of bootstrapping, where all generated revenue from NFT sales would be distributed as follows: 90% would go for the idea, and 10% to Stitchia Network (where 5% into StitchiaDAO Treasury and 5% development of the NFT collection).
A person with a sustainable business idea in mind is coming to Stitchia Network only via a Genesis NFT ticket owner’s endorsement, or a STITCH token backer proposal. After submission of a pre-approval request form with basic details attached (initiation stage), the idea is placed for a Network Vote (Accept or Not); If accepted, the idea moves into the next inception stage, including NFT design, creation, and minting & listing on Stitchia Marketplace. Share of profit would be allocated as follows: 90% for the sustainable idea, 5% development of the NFT collection, and 5% StitchiaDAO Treasury. Relocation of funds (rollout stage) would be delivered in 3 phases, based on pre-agreed deliverables/milestones proposed by the person or people behind the idea.
An eco guy named John wants to use the plastic waste in his city to create sportswear. For this idea, he needs money to move things forward. He has a friend who is an artist, and they are drawing 1,000 plastic correlated 3D cool-looking images. John wants to use Stitchia Network to back up and support his idea by selling a range of drawings (also could use one of our artists to create that collection) as an NFT collection.
Via the endorsement of a Genesis NFT ticket holder, he fills in a pre-approval request form (with a brief review of him and his work) which is being submitted for review firstly by the core team of Stitchia Network, but also to the existing Genesis NFT ticket community – entire pre-approval and endorsement process to be fully decentralized by the StitchiaDAO.
Initially, the core team and later at least one Genesis NFT ticket owner will endorse the idea, John’s proposal is placed for a final vote by Stitchia Network members. If affirmative (at least 51% of votes in favour), the process moves into the inception stage, where the core team, alongside Stitchia NFT ticket endorser(s) support John to design, create, mint, and list an NFT collection that would be used to bootstrap his funding needs.
The Stitchia core team will have the power to endorse upcoming projects and ideas only until all the Genesis tickets are sold out and StitchiaDAO starts to fully function.
Alternatively, John could even purchase a Genesis NFT ticket (if they are still available on stitchia.network) and endorse and list the pre-approval request form by himself.
Let’s assume his idea is already being endorsed and approved, and it moves into the inception stage, where the team of Stitchia alongside endorser(s) would shape and plan technical, and design work required, alongside the marketing campaign and minting process.
John’s initiative and the NFT artist behind the idea would keep getting royalties of 3% on each and every resale that incurs afterward. After the NFT collection is minted – free airdrop to all the Tailors (Diamond), and a guaranteed allocation for the Makers (Gold) and Cutters (Silver). Additionally, some of the ticket members who actively participated in a specific project will also earn free NFTs and/or STITCH tokens. The remaining NFTs would be left for the public to mint.
Let’s draw a line where the funds are collected – $200,000 – from which $180,000 (90%) goes to John’s initiative, and his organization would receive the funds in phases directly in crypto (ETH or MATIC), based on the pre-agreed deliverables/milestones proposed by him in the application form. Whilst the remaining 10% would be split into – 5% for the development of the NFT collection, and 5% dedicated to the StitchiaDAO treasury.
Here at Stitchia we envision a transparent and fair lifetime royalties distribution of 5% as follows:
- 3% for the NFT artist/creator
*When an NFT is sold/resold, a percent could go to the creator of the collection.
Within this model we are aiming for a fair, transparent and straightforward way of bootstrapping, where all generated revenue from NFT sales would be distributed as follows: 95% of sales would go to the artist/creator and 5% to the Stitchia Network (where 2% would go to StitchiaDAO Treasury and 3% development of the NFT collection).
An artist/creator is coming to Stitchia Network with her/his artwork/creative idea via a Genesis NFT ticket owner’s endorsement or a STITCH token backer proposal. After submission of a pre-approval request form with basic details attached (initiation stage), the idea is placed for a Network Vote (Accept or Not); If accepted, the idea moves into the next inception stage, including NFT design, creation, and minting & listing on Stitchia Marketplace. Share of profit would be allocated as follows: 95% for the artist/creator, 3% development of the NFT collection, and 2% StitchiaDAO Treasury. Relocation of funds (rollout stage) to the artist/creator would be delivered in 3 phases, based on pre-agreed deliverables/milestones proposed by the artist/creator.
An artist named Paulo wants to make a cool new big bronze sculpture(s). For this idea, he needs money to buy all the materials needed for making his art. He has a friend who is an NFT artist, and they are drawing a 1,000 digital 3D cool-looking bronze sculpture(s). Another option is to use his “dummies or demo models/drawings of his sculpture(s)”.
Paulo wants to use Stitchia Network to back up and support his idea by selling these drawings (also could use one of our artists to create that collection) as an NFT collection. Via the endorsement of a Genesis NFT ticket holder, he fills in a pre-approval request form (with a brief review on him and his work) which is being submitted for review firstly by the core team of Stitchia Network, but also to the existing Genesis NFT ticket community – entire pre-approval and endorsement process to be fully decentralized by the StitchiaDAO.
Initially, the core team and later at least one Genesis NFT ticket owner will endorse the idea, Paulo’s proposal is placed for a final vote by Stitchia Network members, and if affirmative (at least 51% of votes in favour), the process moves into the inception stage, where the core team, alongside Stitchia NFT ticket endorser(s) support Paulo to design, create, mint and list an NFT collection which would be used to bootstrap his funding needs.
The Stitchia core team will have the power to endorse upcoming projects and ideas only until the StitchiaDAO starts to fully function and all the Genesis tickets are sold out.
Alternatively, Paulo could even purchase a Genesis NFT ticket (if they are still available on stitchia.network) and endorse and list the pre-approval request form by himself.
Let’s assume his idea is already being endorsed and approved, and it moves into the inception stage, where the team of Stitchia alongside endorser(s) would shape and plan technical and design work required, alongside minting and marketing (if needed).
Paulo as the artist/creator associated with this project would keep getting royalties of 3% on each and every resale that incurs afterward. After the NFT collection is minted – a free airdrop to all the Tailors (Diamond), and a guaranteed allocation for the Makers (Gold) and Cutters (Silver). Additionally, some of the ticket members who actively participated in a specific project will also earn free NFTs and/or STITCH tokens. The remaining NFTs would be left for the public to mint.
Let’s draw a line where the funds are collected – say $200,000 – from which $190,000 (95%) goes to Paulo's creative initiative, and he would receive the funds in 3 phases directly in crypto (ETH or MATIC), based on the pre-agreed deliverables/milestones proposed by him in the application form. Whilst the remaining 5% would be split into – 3% NFT collection development, and 2% dedicated to StitchiaDAO Treasury.
Here at Stitchia we envision a transparent and fair lifetime royalties distribution of 5% as follows:
- 3% for the NFT artist/creator
*When an NFT is sold/resold, a percent could go to the creator of the collection.
Within this model we are aiming for a fair, transparent, and straightforward way of bootstrapping, where all generated revenue from NFT sales would be distributed as follows: 95% of sales would go to the Charity/NGO and 5% to the Stitchia Network (where 2% would go to StitchiaDAO Treasury and 3% development of the NFT collection).
We do envisage an alternative option here for some special projects where we could implement a 98/2 split model: 98% for Charity/NGO and the remaining 2% – 1% for the NFT artist and 1% for StitchiaDAO Treasury.
A Charity/NGO is reaching out to Stitchia Network with her/his artwork/creative idea via a Genesis NFT ticket owner’s endorsement or a STITCH token backer proposal. After submission of a pre-approval request form with basic details attached (initiation stage), the idea is placed for a Network Vote (Accept or Not); If accepted, the idea moves into the next inception stage, including NFT design, creation, and minting & listing on Stitchia Marketplace. Share of profit would be allocated as follows: 95% for the Charity/NGO, 3% development of the NFT collection, and 2% Stitchia Network Treasury. Relocation of funds (rollout stage) to the Charity/NGO would be delivered flexibly in phases, based on pre-agreed deliverables/milestones.
A girl named Jenny has a charitable idea – she wants to plant trees around her city. She has a friend who is an artist, and they are drawing 1,000 digital 3D cool-looking trees. Jenny wants to use Stitchia Network to back up and support her idea by selling these drawings (also could use one of our artists to create that collection) as an NFT collection.
Via the endorsement of a Genesis NFT ticket holder. She fills in a pre-approval request form (with a brief review on her and her idea) which is being submitted for review firstly by the core team of Stitchia Network, but also to the existing Genesis NFT ticket community – the entire pre-approval and endorsement process to be fully decentralized by the StitchiaDAO.
Initially, the core team and later at least one Genesis NFT ticket owner will endorse the idea, Jenny’s proposal is placed for a final vote by Stitchia Network members, and if affirmative (at least 51% of votes in favour), the process moves into the inception stage, where a core team, alongside Stitchia NFT ticket endorser(s), support Jenny to design, create, mint and list an NFT collection which would be used to bootstrap his funding needs.
The Stitchia core team will have the power to endorse upcoming projects and ideas only until the StitchiaDAO starts to fully function and all the Genesis tickets are sold out.
Alternatively, Jenny could even purchase a Genesis NFT ticket (if they are still available on stitchia.network) and endorse and list the pre-approval request form by herself.
Let’s assume her idea is already being endorsed and approved, and it moves into the inception stage, where the team of Stitchia alongside endorser(s) would shape and plan technical and design work required, alongside minting and marketing (if needed).
The Charity/NGO and/or artist associated with the creation of NFTs would keep getting royalties of 3% on each and every resale that incurs afterward. The tree collection of 1,000 NFTs are minted.
Free airdrop to all the Tailors (Diamond), and a guaranteed allocation for the Makers (Gold) and Cutters (Silver). Additionally, some of the ticket members who actively participated in a specific project will also earn free NFTs and/or STITCH tokens. The remaining NFTs would be left for the public to mint.
Let’s draw a line where the funds are collected – $200,000 – from which $190,000 (95%) goes to Jenny’s charitable idea, where funds would be distributed in phases directly in crypto (ETH or MATIC), based on the pre-agreed deliverables/milestones proposed by him in the application form. Whilst the remaining 5% would be split into – 3% development of the NFT collection, and 2% dedicated to StitchiaDAO treasury.
Here at Stitchia we envision a transparent and fair lifetime royalties distribution of 5% as follows:
- 3% for the NFT artist/creator
*When an NFT is sold/resold, a percent could go to the creator of the collection.
Last modified 4mo ago