Breakdown
Mint funds are allocated below
The funds raised from the mint process will be used primarily for project development and to pay the team that is working on the project.
One of the main areas where the funds will be allocated is towards graphic and motion designers, hiring developers. These are essential roles that will be crucial to ensure that the project is delivered to a high standard and on schedule. Additionally, these funds will also be used to acquire any necessary tools, software or hardware that are required for the development and maintenance of the project.
Another important area where the funds will be allocated is towards the costs associated with marketing and promoting the project. This includes costs such as social media advertising, content creation and community management. These activities are crucial to ensure that the project reaches a wide audience and creates a strong community of holders, creators and enthusiasts.
Another portion of the funds will also be allocated towards paying the team that is working on the project. This includes the costs associated with hiring and compensating employees, contractors, and freelancers. This is important as it ensures that some of the team is able to work on the project full-time, which will help to accelerate the development process and ensure that the project is delivered on time and to a high standard.
It's important to note that the funds allocated for the team's compensation will not include the founders, for the first projects they will not be compensated as they believe that all the funds raised need to be reinvested in the project itself
In conclusion, NFT Lab's approach of using the mint funds primarily for project development, such as hiring developers, graphic and motion designers and to pay the team, will ensure that the project is delivered to a high standard and on schedule. Additionally, the allocation of funds towards marketing and community building will help to create a strong and engaged community of holders, creators, and enthusiasts. This approach will help to ensure the long-term success of the project and the value of the minted NFTs.
Project Development
30%
Team Payment
15%
Future Artist Costs ( Motion & Graphic Designer )
15%
Launchpad
6% ( TBC )
Partnerships
10%
Future Marketing
7%
Future Dev Work
5%
Pre-Mint Expenses
5%
Legal and Compliance
4%
Social Media Staff ( Discord, Twitter , etc )
3%
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