Proposal Compliance\n\n In accordance with standard practice (https://github.com/public-awesome/docs/blob/main/governance/protocol-governance.md),

here is the attached commonwealth link: https://commonwealth.im/stargaze/discussion/6085-signalling-proposal-nftbased-validator-scripts. Additionally, we had a YouTube discussion with AtlasDAO and @CosmosDefi about the proposal and project among other things.\n\n

Create NFT Based Distribution Scripts\n\nThis CommunityPoolSpend would immediately fund the creation of scripts and programs to enable automatic

distribution of staking rewards and commission from a validator to delegators based upon NFT holdings. Since Stargaze revolves around the success of NFTs as an industry, this functionality will provide another utility case for holding NFTs, creating reflexive growth for the ecosystem. Additionally, this will increase the capability of DAOs on Stargaze. A validator could DAOify and then instead of using its own token it could utilize $STARS through the NFT holdings to participate in governance decisions. It is imperative to continue building out market use cases during the bear market. \n\n# Wallet + Funds\n\nThe Wallet is a new wallet for full transparency. We will stake our grant to multiple validators outside of the top 50 to increase decentralization. Funds will not be sold for at least 6 months. With the CommunityPool at 294 million, this request is ~.34% of the pool.\n\n# Proof of Concept\n\nThe basic structure of the main effort is to take a minter call → address array → array analytics → claiming commission & rewards → querying of state → calculating share per address → iteration for distribution → automation.\n\n#Other\n\nOur team has minted 3 collections on the stargaze network and our tutorial was integrated into the official stargaze documentation: https://docs.stargaze.zone/guides/readme. We have an open PR to improve other docs. We also plan to launch stargaze nodes on cosmos ecosystem partner Akash and aid in the development of ecosystem projects, such as NFT trackers and voluntary signatory verification of project creators.