GP8 draft proposal continues NFT rewards program and raises allocation to 1,000,000 ALGO
The GP8 draft proposal recommends continuing the NFT rewards program with its allocation increased from 500,000 to 1,000,000 ALGO. The proposal also introduces two structural changes: a modification to the ARC 49 terms so that marketplaces retain the revenue they generate through the program, and a 35% cap on the total volume allotted to any single marketplace to ensure equitable distribution.
The 35% cap applies to the total volume allotted per marketplace within the program. The ARC 49 modification specifically allows marketplaces to keep revenue generated through the rewards program rather than remitting it to the protocol.
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