For the benefit of all oldies and newbies, the atraura project is being proposed by an established nember. It is not some new company. They developed landstead.
The project is aimed at making onboarding easier as we work on our blue ocean approach with mainstreamers. It is an abstraction of the nem core solution. The current core developers will not have time or resources to do it.
It is basically a framework for easy development of applications. The framework will be open source and parked under the nem banner for anyone to use. There is no commercial interest in the project other than the cost to hire heads to do it.
Now, instead of ico, they are requesting aid from the community fund. It is not part of the foundation fund, which belongs to the original core fund that will be donated to the foundation.
I would urge you to think properly rather than shooting into space with your comments without actually knowing the intents of the project. Whether it is worth 3m or 300k, it needs to be justified of course. But there is obvious need to make things easier for application programming and onboarding developers to write apps easily.
Currently it takes a mainstream guy about 1 month to know NEM application programming. We want to cut that down substantially. The framework is meant for that.
Unless you have worked on nem and know blockchain, as a mainstream programmer, it is hard to understand multisig, let alone programming it.
Framework is supposed to make it easier.
I believe they will have an AMA. Please avail yourselves with questions.
What else did you expect if a company we never heard of tell us we have 5 days to vote for a project. It's not like we have nothing to do. We need time to familiarize ourselves with it. Even the Nem team takes years to build on nem, so wouldn't we get at least a month to get to the bottom of this project and ask questions?
I think nem has been doing many nonsense projects that do not benefit (or are useless) the normal people such as catapult, which is targeted towards bankers instead of making something useful that business can use and implement globally around the world.