Alphatu

In this post, I’ll introduce the emerging phenomenon of “User-Generated Capital”. This pertains to communities, creators, and other individuals utilizing blockchains to create their own digital assets, digital money, or other stores of value that are both specific to their community and can be owned and utilized independent of platforms.

In a world where many consumer platforms are distributing content primarily through online channels, creators and communities hold tremendous power in distribution through social platforms. They are our curators* in an increasingly noisy online experience. At the same time, consumer preferences are shifting to online experiences that are more... See more

This means crypto is democratizing access to otherwise private investment opportunities — I think this is pretty cool. But crypto projects still want access to VC capital and expertise. Good VC investors can provide a lot of value and help projects grow and succeed.

On June 7, Senator Cynthia Lummis (R-WY) and Senator Kirsten Gillibrand (D-NY) unveiled the long-awaited 69-page draft of the Lummis-Gillibrand Responsible Financial Innovation Act (“Act”). The Act is meant to create a regulatory framework for digital assets, pioneer legal reform and regulation across various regulatory entities, and update current... See more

The current path forward is that the VC fund will attempt to buy “tokens at a discount” from a DAO. This is what a16z did with Maker, what a16z did with Solana, and what Sushi is considering doing now.

We’ll break it into three sections:Considerations for Launching: Including how many tokens to initially put into circulation, liquidity requirements, incentives, timing, token pairs, and when to launch. Tactics for Launching: Including Initial Coin Offerings, Initial Dex Offerings, Liquidity Bootstrapping, Incentivized Liquidity, Liquidity Bonding,... See more

Beyond the network and protocol variety, DAOs come in many flavors. These include:Investment DAOs in which individuals, friends, and colleagues form clubs to invest in web3 startups;

DAOs – decentralized autonomous organizations – are an essential tool in achieving the self-empowering benefits of web3, including more equitable ownership among stakeholders, reduced censorship and greater diversity.