Note (esteban): This is a brain dump of where are we kinda standing right now regarding governance of items. Open to hear thoughts and go back on concepts here, mostly our biggest concern is how would this work over time; the idea that an NFT might become "unwearable" in the future is pretty awful; I personally prefer stating this and maybe afterwards in the future it doesn't happen (maybe there's some tacit agreement in general that that is something reserved for very special cases?). Anyways, and without further adue, we need your feedback and are super open to iterate on these ideas!
The designer of the Wearable has to start creating the GLTF in Blender or some other CAD software tool. For example, Lizzy has an idea for "Shoes of 3D Walking" that she thinks will be a hit. The design is low-poly aesthetics and much better than the default Decentraland shoes. After she's done with the model in Blender, she fills in the information required to create the JSON description; adapting it to the shapes "dcl://base-avatars/BaseMale" and "dcl://aliens/BaseAlienBody". Only avatars with these base shapes will be able to wear her new exclusive shoes. She starts testing them on the Decentraland client, and notices some weird glitching with a Jump animation.
After a couple of rounds of polishing her shoes, she thinks it's ready for action. She runs the shoes through a front-end application that verifies the models, the textures used, makes sure that the vertex count is low enough as to not stress the Decentraland citizens' CPU more than the client already does; and submits a request to create a Series of 100 "Shoes of 3D Walking" in the collection "Deor's Fancy Shoes From All Virtual Planets".
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Deor, a renowned Curator on Decentraland, thinks the shoes will be perfect for her collection, and accepts the bid to include them. Of course, Lizzy already knows this (and has contacted Deor privately before -- just to make sure she won't be paying for the submission in vain). Lizzy keeps editions #1 ~ #10 for herself and her friends from the art collective she started a couple years ago. Now she goes on to the Market, and puts 30 out of the 90 remaining issuance allocation on the market. They are an immediate success, and she sells out the rest of her collection at a public auction in the Main Plaza Market.
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Deor has always had good taste for virtual wearables. She made a lot of MANA trading many collections; back to the original Masks collection (she only liked the Opera mask) and now is pretty renowned in the Decentraland community. She created her first Collection, named "Pointy Hats", back in 2020. It is still the oldest enabled private Collection. Back in the day, voting on the DAO was a novelty and not many voted negatively. But it wasn't always sunshine and rainbows: in the Downvote Pandemic, she lost a lot of MANA because of some angry social attacks on her collections. Back in those days, cartels formed to take down almost all the Collections that were enabled, without discerning for good taste. She still regrets how that went through, but since then, the community has become stronger and is now a lot more consolidated.
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She's got a new idea for hats: and her idea for this season is "Shiny Intergalactic Pointy Hats". Pointy Hats have always been the strongest part of her brand. The current stake for creating a Collection sits at 1000 MANA, a staggering 0,002% of the current MANA supply. She threw one of the largest virtual parties when the DAO vote passing this new fee was approved; a symbolic value that reminded many old timers of the initial LAND auction bottom price for one parcel. Only a couple Collections are created every year now, but she's one of the strong players and she's confident on a couple designers that are "in" this year and will work with her.
10 MANA get burned when she creates the vote on the DAO. Bob, the competitor, has agreed to vote yes in exchange for her also voting positive on his next Collection. They made a smart contract for this; of course. They wouldn't trust each other, and they don't need to. Business is a little less risky these days; but a lot more politics. But Alice and Carol, the LAND moguls and MANA whales that own most of the two-digits coordinates, have it in for her. Deor has recently moved to Eastern Aetheria along with many of the other artists… now people don't spend as much MANA as they used to spend around Main Plaza. Eastern Aetheria, on the other side, is receiving a lot more hipster spenders. The vote is tight, and ends up not passing. This is a big deal for Deor. She still wants to get a lot of Wearables into the market, and not having her 10% cut of the Editions she approves will really make a dent in her earnings this year.
Of course, she could still use one of her older Collections to issue the collectibles; but she's never done that, it's too beneath her. She's got a reputation to maintain; besides, NFT owners wouldn't like it if they can no longer wear their items if those old Collections get de-listed by the DAO for being too old. No, she is not going to do that. She's going to go for a vote again. 10 MANA buys you about a year's rent in front of the Main Plaza; but a down season is going to cost her a lot more. Maybe if she can get Alice and Carol to reconsider...