@5pence.eth and I are negotiating terms with the tentative selectee, General Magic .
We are optimistic about General Magic based on the following factors:
- Their team is crypto-native
- They have been highly responsive and collaborative
- They are willing to work with us on hyper-customization
- There is no inventory purchase required
- They have a demonstrated performance delivering similar stores in the crypto space
We had very thoughtful and complete submissions to review. I greatly appreciate the thought that went into the applications submitted.
Next Steps
The merch store is slated to be assigned a subgroup and dedicated multi-sig in the ecosystem for Term 2. An executable proposal specific to the Merch Store will not be necessary pending a passing budget.
We have presented General Magic to the Ecosystem working group in the July 18th call. We have requested to incorporate the store’s start-up costs (outlined in the proposal) in the upcoming term’s budget.
A target “go-live” date is in mid-September. Future updates will be provided in the Ecosystem Calls.
Edit: Added clarification