Apes. Punks. Cats. Whales. Oh My! Tokenized Communities are Everywhere! 🚀🐈🦍🐳
Part One is all about What We Know in our two-part trend report.
WELCOME to $5.vc, your source of differentiated startup intel!
* We break down the new market indicators & behavioral consumer trends we're tracking, then figure out the unlock to growth & revenue.
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ICYMI in the last 10 weeks we covered:
Since Facebook went Meta... Six other OGs made metaverse moves!
VCs coming in Hot, spending big on AR & VR startups! Into the Metaverse we Go!
OpenSea hits $25 Billion in GMV! Now Coinbase wants in on NFTs too!
When OG Consumer Brands start playing the NFT game too!
When Music Crashes the Metaverse Party!
It's 100% Crazy! But Virtual Real Estate is Here. To the Tune of $30 TRILLION!
Everyone's gunning for OpenSea, the $13.3B NFT Marketplace gorilla in the room!
Social Casino SMS Text Gaming is FIRE!
THIS WEEK’S DOPE NEW STARTUP IDEA COVERS:
* NFTs + DAOs + Communities 🔥
WHAT WE KNOW:
* The Market Indicators & Behavioral Consumer Trends we've identified.
>> [ NFTs opened the door to dope community building! ]
NFTs Are About Community
- thanks dan!
From apes to punks to cats to whales, the NFT profile pic is more than a status symbol—it's a new form of online community building.
When you buy a Bored Ape, you get access to the Bored Ape Yacht Club Discord channel, where NBA stars like LaMelo Ball and Josh Hart hang out and engage with DeFi degens.
People who own a Bored Ape or CryptoPunk or Meebit are so proud of their membership in the club that they make it their Twitter PFP (profile picture). Jay Z changed his PFP to a CryptoPunk; Mike Tyson changed his to a Cool Cat; Ashton Kutcher's is a Stoner Cat.
And that only scratches the surface of the community-building possible through NFT ownership.
Take Nouns, a new NFT series that only mints one new NFT per day (rather than dropping the whole batch at once) and gives members voting rights in the project's governance through a DAO.
>> [ Superdao makes it easy to launch DAOs! ]
Superdao Raises $10.5 Million to Build an 'All-in-One' DAO Platform
- thanks jason!
Decentralized autonomous organizations, or DAOs, are a popular way to build Web3 startups, investment groups, NFT and metaverse projects, media properties, and social clubs.
Over the last year, DAOs have arguably gone mainstream, thanks to groups like ConstitutionDAO, who raised not only a massive amount of money ($47 million) in a short amount of time but also, perhaps even more importantly, awareness.
But setting up a DAO can still be a complicated process. Founded in October 2021, Superdao aims to grow the DAO economy with better infrastructure, according to its founder Yury Lifshits.
Lifshits said Superdao, as a one-click platform for DAO creation, will feature a member directory, tools for NFT and token airdrops, a treasury dashboard, a taskboard, and contributor compensation.
>> [ wtf is Friends With Benefits DAO?!! ]
How Friends With Benefits DAO Uses Web3 Tools To Build Community
- thanks psfk!
Setting comparisons to the legendary Silicon Valley forum where, in 1976, Steve Jobs and Steve Wozniak debuted the first Apple computer aside, what Friends With Benefits (FWB) currently exists as is equal parts music discovery platform, online publication, startup incubator and an almost Bloomberg terminal for crypto investors all wrapped into one.
The crypto-backed Decentralized Autonomous Organization (DAO) and social club is a group of cultural creators using Web3 tools to build community and foster creative agency.
The way it works, is that members must own FWB tokens, and once they do, depending on the amount they hold, are given tiered voting access to group decisions, as well as similarly gatekept from content, events and more FWB offerings.
Proposals for everything the group does are put to a popular vote, and before buying tokens, prospective members need to be approved by a committee of current members.
THE DOPE IDEA & THE BRAND EXECUTION:
* Taking the idea and amplifying that into tactical action.
See you next week for Part Two in our report.
We’ll discuss on how to position ourselves as a new player in the NFTs + DAOs + Communities 🔥 space — and get into the development of the Brand IP, securing a legit Domain Name, then making it Internet LIVE.