It wasn’t a JPEG he was trying to get people to buy. The NFTs were a funding mechanism to support the launch of a media empire. 👀
Venture capitalist and investors are less necessary when founders can sell equity directly to supporters in the form of NFTs.
Even more attractive, this ownership is liquid. The NFTs can be traded along with the benefits to new buyers.
Moonbirds earned over $75 million in 48 hours
on their “modern-day Series A,” with 5% of all sales moving forward to continue funding the company.
Most founders and products need just a fraction of that war chest to launch. With the added benefits of building a community of marketers, supporters, and customers, NFTs provide a quick, frictionless way for businesses to fund their launch.
There are many issues that need to be hashed out with securities regulations, but seasoned entrepreneurs like Kevin Rose are hitting those issues head on, blazing a trail for others.
How Liquid Capital Helps Those in Need
The opportunities from liquid capital are more world-changing when considered in new contexts. When money is liquid for the unbanked, those in need, and migrants, opportunities follow.
In the article, we explored how Web3 enables coordination, cash transfer, and congruence. These three C’s are the foundations to the future of charitable giving, unlocking new strategies such as NFT giving, gamified giving, staked yield giving, and more.
Just click below and tell me what you think.
Have a great weekend! 🎉