😇 EOS Angels ~ Decentralized Venture Capital

in eos-projects •  7 months ago

EOS-Angels-Decentralized-Venture-Capital.gif

Venture Capital for EOS DApps

Last week at the EOS.IO Meetup in Seoul, South Korea Block.One announced it will partner with private venture capital firms to provide funding to developer teams creating decentralized applications using the EOS.IO software. This will give developers a clear path to the required resources needed to focus on product development, and not have to worry about fundraising. In return for this funding the projects would airdrop (sharedrop) the initial native tokens on current holders of EOS Tokens.

That was pretty exciting news, it's a win-win for everyone.

However, when you take a moment to think it over there are a few things that could be improved. Like who gets to decide which DApps are worthy of funding and get approved? In this traditional form of venture capital distribution a small group of corporate investors are calling the shots based on a perceived value for a potential return on investment in the form of high price increases on the tokens they receive in the drop. And though that is also necessary in a free market, it also sounds like a very centralizing way of thinking which at its core is in direct conflict which the spirit of decentralized blockchain applications. Of course thats only if you have no other, more decentralized ways of supporting traditional vcs as well as the grass roots.

What If...

the power of deciding who earns funding for their applications or projects was put into the hands of the community, in a Mutual Aid Society fashion, to balance out the power in the hands of corporate entities with their own agendas?

What If...

the holders of EOS and "other" tokens in the community still received initial token drops from the DApps funded by this truly community-based funding process?

What If...

a truly Decentralized Venture Capital process was made available as an option for developers?

What If...

I told you it's in the works and coming soon?

STAY TUNED! We will be giving more details in the coming weeks.


💡 Dan Larimer - Mutual Aid Society DAC

Gain insight into @Dan's visions for what Mutual Aid Society DACs can accomplish as he gives and example for the Insurance Industry in this 20 minute video.


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WE LOOK FORWARD TO SHARING
MORE WITH YOU ALONG THE WAY!

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EOS AND STEEEEM TO MOOOOOON!

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Hey you dirty self upvoter ;) Kidding, I do it too but I don't have a $3.20 worth of upvote :P

This sounds promising Fuzzy :)

The method of determining who gets some of the VC funding that is based on EOS stake makes a lot of sense!
Especially considering that a successful launch can require 15% approval by all stakeholders.

Building a platform where developers can build on top of your crypto coin, in this case EOS, is one of the best ways to create network effects. It's what Apple did when they launched the App Store, or even what Uber's model is based on. All Uber does is connect a driver (developer/service) to a rider (consumer/user). It's the definition of a platform.

Allowing developers to build on top of EOS is going to be difficult to execute, but if it's executed correctly it can be very powerful. Let me remind you of some of the biggest web's on the interent. Notice how many are platforms? They all are.

10. Salesforce
9. Ant Financial
8. Baidu
7. Uber
6. Priceline
5. Alibaba
4. Tencent
3. Facebook
2. Amazon
1. Google/Alphabet

This was based in 2016, so the order might have switched around a bit.

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The goal of this DAC is actually to give eos holders the opportunity to distribute tokens in the DAC to developers who build on and sharedrop on eos.

Eventually it could move to eos as well :)

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I see, that makes a ton of sense. I appreciate the clarification ❤️

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thankyou for giving lot of knowledge for us newbie her in steemit @techchat

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Absolutely and thank you for reading 😊

First vote on this site and this is an awesome idea. I too think the centralized thinking is the wrong way to do this. We need the funding to be decentralized... AWESOME!

mh interesting, do you aim to pool eos?

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what you mean by pooling eos?

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would make a decentrlaized venture fund... pool EOS and let the holders vote on DApps to support.. the bitshares model

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no need to pool eos. the chain will have its own value much like all Mutual Aid Society based chains. steem is a perfect example as a first use case.

But of course the chain will need to metamorphose into something slightly different than steem.

Think of MAS in this case as a means to funding and building the final product...and likely even paying for itself to move to EOS. The sharedrop is meant to align the interests with EOS holders so noone needs to pay their own EOS to build things :)

These are all awesome news! Can't wait to see what is the future of EOS, our future! Thanks a lot for sharing.

Namaste :)

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Yes dear, crytpocurrecy is experiencing a forward leap everyday. This is worth celebrating.

From all indications, EOS has a very promising future. It will be massive and explosive.

good article
thank you for sharing

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save image as... :D

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I usually despise gifs but this one is great, stealing 2!

What if... love it. Love to dream big and hope some of the coin drops take place. Crazy to think of the spin offs.

this is a massive success and improvement for the crypto-world

EOS Angels ~ Decentralized Venture Capital is looking so good. That was pretty exciting news, it's a win-win for everyone.
2016 based plan what are below points.

  1. Salesforce
  2. Ant Financial
  3. Baidu
  4. Uber
  5. Priceline
  6. Alibaba
  7. Tencent
  8. Facebook
  9. Amazon
  10. Google/Alphabet
    great Share Sir.
    upvoted

Really enjoy the EOS movement and how grassroots but innovative it is. Really expecting a trend for EOS to takeover in 3-5 years, if not sooner. Thank you.

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totally agree...

I really like this concept. Going to read more about this and look out for it in the future. Thanks for posting...!

I'm super excited about this project. Let me know if you need anything!

Thanks for the excellent post! I'm ready for honest, reliable and cheaper insurance (DAC) that runs on EOS!

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well i'm wishing you read the post but at least glad you listened to dan's video :D

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haha, yes I did read it and definitely excited about the Decentralized Venture Capital plan! Looking forward to learning more about this genius idea! Keep up the great work Fuzzy!

That's really cool idea!
Looking forward to the details :)

We all have to stay tuned because this is the next big thing to happen

Thanks for sharing!

very valuable information, the best is yet to come, thanks for sharing

Every time new news of amazing Esio coming for your consolidation will be attentive to the new

STAY TUNED! We will be giving more details in the coming weeks.

Thanks for information. very good brother

Fuzzy I believe in your idea as well as gitcoin, utopian.io and that is to pay devs by upvoting up front but also smart contracts for when milestones are reached. See it as paid by line of code ;) But in practice I know it doesn't work that way. Bounties however are a great way, gitcoin just picked the wrong platform. But we can get in touch with them right?

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why couldnt you? :P

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technically, this doesn't seem all that different than utopian-io with a customized off-chain front-end website, running on the Ethereum network where you can wait to fart away loads of gas upon trying to claim your bounties! lol

If you haven't seen it already, you can also try messing around with it a bit here: https://gitcoin.co/explorer?q=

And if you still think it's worth messing around with further, certainly no reason why you can't fork it and play around with it a bit more at a deeper level: https://github.com/gitcoinco/web

Amazing content...we will be looking forward to read the next article...