Latest Jenkins The Valet News
Azurbala shared more information regarding its re-launches with a focus on simplicity, prioritizing captivating experiences and reducing friction for participants.
The Deets
- Marrow reworked as a points system first
- Re-definition of backbone and Bloodsound to emphasize Azurian identity and history
- Separation of Jenkins/Writers Room and Azurbala IP
- New team member, Diana Williams, former Creative Development and Franchise Producer for Star Wars at Lucasfilm
The Details
(1) To prioritize simplicity and adapt to the regulatory environment, Marrow will initially be introduced as a points system rather than an ERC-20 token. It will be used as rewards for gamified challenges and experiences on the Azurbala-dedicated Avenue space.
(2) Backbone and Bloodsound will be re-defined to better serve the Azurian identity within the franchise. Backbone will represent a historically strong Azurian bloodline, while Bloodsound will represent a historically wise Azurian bloodline. These terms will inform certain Azurian activations and experiences down the line.
(3) Jenkins and the Writers Room will no longer be associated with Azurbala. Instead, Azurbala will be a separate project focused on its own unique identity and experiences.
❗Why It Matters
By simplifying the project and honing in on what truly matters, Azurbala is setting up for a massive revamp and aims to connect in a more simplistic while creating innovative activations and experiences down the line. Projects that rely on community and lore have a tendency to overwhelm or intimidate web3 participants that aren't prepared for the committment required to "keep up." It may require some holder turnover, but once committing to a path, projects have a better chance of finding a more appropriately aligned holder base.
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Jenkins the Valet announced (in a 57-post thread) it is doubling down on its original vision, focusing on fostering a diverse community of creatives and content development.
❗Why It Matters
The Writers Room ecosystem is undergoing a major overhaul, including a name change, rewards, and a focus on holder-owned IP and collaboration.
The Deets:
- Giving governance rights directly to Writers Room members
- Revamping Writers Room to foster collective creativity and content creation
- Emphasizing holder-owned IP and interoperable contentverse
- Rewarding community contributions and creativity
The Details
Writers Room is enhancing its focus on community creativity and content creation by revamping its platform. Governance rights will be given directly to Writers Room members, and the project will be rebranded to emphasize its roots in fostering a diverse, collaborative community. The goal is to create an interoperable content verse where holder-owned IPs from different worlds can collide, giving birth to new stories and creative ideas.
The Writers Room NFTs will serve as the foundation for the community's creativity, with members rewarded for their contributions. This includes content contests, rewards and prizes for content creation, and inclusion in social graphics. Writers Room aims to be an incubator of community-generated ideas and content, celebrating and nurturing creative talent.
What It Means
- Writers Room NFTs and unburned Bored & Dangerous books will play a role in governance over a treasury that includes partial ownership of the likes of Jenkins the Valet, the Mutant, and Goodboy.
- Changing the name from Jenkins the Valet: The Writer Room to & "Writers Room"
- New Writers Room logo, drawing inspiration from the "We Are Book People" slogan
- New Twitter account @writersroomnft
- New Writers Room Website
- Introduction of Writers Room on Avenue, a new platform where holders can collaborate on, create, and post different forms of content, brainstorm ideas, and dream up new IPs.
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Today, Jenkins the Valet created a tweet thread 🧵 and Medium article covering everything you need to know about the upcoming Bored & Dangerous Fund Claim.
The Deets
- In total, over $356,000 will be paid back to eligible licensors in the community. This equates to $87.47 per 1 licensing unit.
- A snapshot was taken at 12 pm ET on March 31, 2023, of wallet addresses holding Writer’s Room and Bored/Mutant Ape NFTs that were licensed to Bored & Dangerous. If your wallet held a licensed Writer's Room NFT or Bored/Mutant Ape NFT when the snapshot occurred, then that wallet will be eligible to take part in the claim process that opens on April 20.
- The process will open on April 20 and stay open through August 1.
- KYC (Know Your Customer) is a legally required process for claiming B&D funds. However, Bored & Dangerous has provided an alternative for individuals who choose not to take part in KYC. There will be two options for eligible wallets:
- Option 1 involves completing KYC and claiming eligible B&D funds.
- Option 2 allows users to waive their rights and receive an equivalent refund on the Azur Root mint.
❗ Why It Matters
The Bored & Dangerous payouts are a way for NFT holders to monetize their digital assets through licensing without seeking out the opportunities on their own. The KYC component created a sticking point for some in the community, but the project moved to address the situation as best it could under the circumstances (and regulatory environment).
🎬 Take Action
- Holders should first read the full details around KYC mechanics (and the alternative to the KYC path) in the Jenkins the Valet Medium post "Everything You Need to Know about the Bored & Dangerous Fund Claim: Mechanics, Alternatives, and Timeline."
- Then they should decide if they will KYC and claim eligible B&D funds or waive the rights and receive an equivalent refund on the Azur Root mint.
Source: https://twitter.com/jenkinsthevalet/status/1644398518671482887?s=20
🎤 Community Quotes
This was an unreal amount of work by both the community and @neilstrauss creating the book, to navigating the extremely complex world of B&D Fund claiming.
— FilmBook (@FilmBookNFT) April 7, 2023
OVER $350,000 going to eligible licensors is wild. So proud of this. Thank you to the community and my colleagues at… https://t.co/9aIPx9zumM
🕳️ Go Deeper
Jenkins The Valet will offer an alternative to those unwilling to KYC for Bored & Dangerous licensing claims when the claim opens in April.
The Deets
- Snapshot for B&D licensing funds on Friday, March 31 at noon ET.
- Fund claiming goes live in April.
- Option to waive funds and receive an equivalent refund during Azur Root minting for those that don't want to KYC.
The Details
The snapshot is scheduled for Friday, March 31 at noon ET and will capture wallets holding licensed Writers Room NFTs or licensed BAYC/MAYC NFTs. Wallets recorded during the snapshot will be able to claim funds in April so long as they are willing to undergo a Know-Your-Customer (KYC) process. The KYC process is essential to ensure the legal standing of the community.
For those who participate in the snapshot but choose not to undergo the KYC process, an alternative solution is available. Wallet holders can waive their claim to the funds in exchange for an equivalent refund during the Azur Root minting. Wallets that waive their claims will be recorded, and they will be refunded by the same dollar amount that they waive during the April window.
For example, if a wallet holder waives $100 in licensing funds (equivalent to 0.06 ETH), they would spend 0.08 ETH on the day of the Azur Root mint and receive a refund of 0.06 ETH, resulting in a net price of 0.02 ETH for their Azur Root NFT.
❗Why It Matters
This snapshot update, along with the option to waive funds for an equivalent refund on Azur Root minting, provides flexibility and choice for NFT holders in the B&D licensing funds collection process. It allows users to decide whether they want to participate in the KYC process or not, respecting their privacy preferences. This approach may set a precedent for future blockchain and NFT initiatives, potentially paving the way for more user-friendly and accommodating processes in the crypto and NFT ecosystems.
🎬 Take Action
If you hold a licensed WR NFT or BAYC/MAYC NFT, ensure your wallet is ready for the snapshot on Friday, March 31 at noon ET. Stay tuned for further information regarding the KYC process and mechanics for the refund.
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An upcoming snapshot, on Mar. 31, will enable Writer's Room NFT and licensed Bored Ape holders to claim funds later in April, the Jenkins The Valet team announced on Twitter.
❗ Why It Matters
This snapshot is specifically for holders of Writer's Room NFTs and Bored Apes that were licensed to the Bored & Dangerous collection.
🎬 Take Action
If you are a Writer's Room NFT or licensed Bored Ape holder, ensure your NFTs are in your wallet at the time of the snapshot on Mar. 31. Stay tuned for more information on how to claim your funds in April.
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Jenkins The Valet's podcast licensing period for Writer's Room NFTs has been extended by one week, now ending on Friday, March 24.
The Deets
- The extension allows users to license their character(s) to an upcoming podcast.
- There is opportunity to potentially earn royalties and bring NFT characters to life.
- Step-by-step guidance videos are available for users here.
❗Why It Matters
The extension provides NFT holders more time to participate in a creative project, potentially generating passive income and adding value to their NFTs.
🎬 Take Action
If you own a Writer's Room NFT, visit http://jenkinspodcast.com to license your character(s) or extend an offer to others before the deadline, Friday, March 24.
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Jenkins The Valet announced that a 'license checker' is now live on jenkinspodcast.com.
❗ Why It Matters
Jenkin's podcast licensing opportunity gives users the ability to experiment with utilizing IP rights on NFTs they own or negotiate the IP with someone else.
There had been some requests for a 'license checker' for the podcast, so the team went ahead and created one. This tool will give users the ability to figure out if a Writer's Room NFT has already been licensed yet or not, and if so, to which character NFT.
🎬 Take Action
Users can click 'Check Licenses' in the top right corner of the Jenkins Podcast site.
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Holders of Writers Room NFTs can now license their characters, or extend an offer to others, according to a tweet from Jenkins the Valet.
❗Why It Matters
The exploration of IP rights and licensing has been a frequent topic of conversation in web3, but not often innovated on. Jenkin's podcast licensing opportunity is offering users the ability to experiment with utilizing IP rights on NFTs they own, or negotiate the IP utility out to someone else.
The Deets
Exposure of the individual NFT is based on the tier of Writer's Room NFT owned, highlighted by WAGMI Yahct NFT holders who will have their character featured in an episode.
The licensing window will remain open until Mar. 17.
🎬 Take Action
- Writer's Room NFT holders can explore IP rights for previously created characters on JenkinsPodcast.com.
- Holders of more than 120 NFT collections can create a character for potential inclusion in the podcast on site as well.
🧠 Learn More
Jenkins the Valet provided an update on Bored & Dangerous royalties, podcast licensing, and more, in a Medium article published today.
What It Means
Long story short, Tally Labs must obtain personal information from individuals prior to issuing payouts. Issuing payouts anonymously would jeopardize the receiving individual, the business, and the community.
Those who are unwilling to KYC will be forced to waive their claim to payouts. Waived funds will be split in two ways: a portion will be rolled over into the licensing pool for the Jenkins Podcast, and the rest will be put towards funding community-led projects.
📊 By the Numbers
The project will be paying out roughly $365,000 back to the community.
❗ Why It Matters
Since 2021 the regulatory environment has evolved for providing royalties back to participants. The project indicated that "clarity around certain regulatory decisions have been made in the last 12 months," and that "there have been precedents set that shine a light on how companies in the Web3 space must operate."
While this has resulted in an obvious delay for Bored & Dangerous payments, it's notable that Tally Labs is trying to do things properly.
The crypto/NFT space has been under the microscope from regulatory entities like the SEC, especially in the wake of the FTX calamity, as well as other NFT token situations (such as Gutter Cat Gang's indefinite postponement of the $GANG token, and Ape holders in the US being geo-blocked from staking their $APE on Horizen Labs). It's clear that projects must continue to be cautious - and compliant - in how it disburses payments back to holders.
🎤 Founder Feedback
We understand parts of this process may not be what folks want to hear, but it's what we (and any other legally compliant company) must do to be here over the longterm. Our top priority is to make sure we are protecting the interests of the community and the business.Jenkins The Valet 🍌
🎬 Take Action
Need to KYC to claim royalties? Bored & Dangerous is is partnering with Jumio, a leader in end-to-end ID Verification and AML Solutions. Jumio will manage the collection of certain personal information to ensure that all payments are above board, and that both parties are protected.
The specific process to claim payments will be:
- Connect your wallet on the website
- Will be issued a unique code that you will take to Jumio
- Enter that code in a Jumio workflow
- Jumio will collect personal information that is stored in their bank-grade secure database
- Jumio will pass an approval decision back to Tally Labs based on your personal information
Once the Jumio process is complete, you’ll be able to claim the payout. The payout process may lag the personal information process by a few days to weeks, but not by longer.
🔜 What’s Next?
- The project is going to open up licensing for the Jenkins podcast, and it will be live in the next few weeks. Every licensing deal can now be made on-platform with a few clicks.
- Writer's Room holders will be able to browse all the characters that were created to help Jenkins, and use the Writer's Room NFT to send partnership offers on the spot
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Azurbala is splitting up the development of its PFP art into three phases, according to an announcement from the project.
Why It Matters: Though highly anticipated, the initial Azurians art reveal was met with strong criticism from the NFT community, so much so it prompted the project to undergo a major initiative to redo the art. The new artwork is being produced with multiple rounds of community input.
What Happens Next: The project is ready to kick off its three-phase plan, which incorporates the following:
- Phase 1: Sketches, base model, style
- Phase 2: Traits, attributes, props, color/light
- Phase 3: Quality control, render final avatars
The project will provide a Twitter Spaces for more detailed communication during Phase 1.
OK, perfect. I'm super excited about this and I appreciate how hard you guys are working to make this right. But I also know mfers have zero patience. (I'm mfers)ZenCheetah.eth
