Introducing Splits

Last Tuesday, the brilliant folks at Mirror introduced the notion of ‘splits.’ To use their language, splits are a native feature that let you route funds continuously to an unlimited number of Ethereum addresses, according to a set of percentage allocations. Splits can be used to share the revenue generated from a sale of an NFT with any set numbe... See more

Underpinning Collectives is a seamless payment splitting functionality. Launch a new YouTube channel with others and split the AdSense revenue. Share a portion of podcast CPMs with featured guests. Refer an audience to another creator’s newsletter and earn a percentage of the associated subscriptions.

To do this, we'll introduce a concept called a mirrortable, an on-chain representation of a traditional capitalization table. A mirrortable is to a cap table what a stablecoin is to a fiat currency. That is, the on-chain version provides 24/7 uptime, international wallet support, and integration with smart contracts, while the off-chain counterpart... See more

Send USDC from a wallet with your ENS address to the entity’s ENS address, and receive digital assets back into your wallet. These digital assets are mirror assets logged in an on-chain cap table we call the mirrortable. The primary cap table is maintained in an off-chain system like Carta for compliance purposes. And the entity periodically update... See more

A mirrortable is a way to take a legally compliant cap table held in a system like Carta and mirror it on the blockchain. It consists of an on-chain smart contract and a bidirectional interface that syncs changes made on-chain to the off-chain cap table and vice versa. In this it is similar to a stablecoin, which similarly links an on-chain asset l... See more

Then, in the back of my mind has been a question around how Mirror can develop a network effect and be more like Uniswap, less like a standalone product. An exciting thought here is that Mirror could be a marketplace / aggregator for both bounties and crowdfunds at once. This would be a central part of the product (and a dedicated page in the UI), ... See more

If tokens = ownership, who makes decisions around distributing ownership?