Web3 allows individuals to invest in projects (via effort/resources/funds) at their earliest stages, way before VCs are able to invest. Individuals are able to go where traditional VCs can't. They can get early exposure to projects when there isn't even a company/legal entity. When there's only a GitHub and a Discord perhaps. Pre-core team, pre-deck, early-stage meme investing. We'll see thriving communities form around DAO-first token projects before there will be a pitch deck.
We are DAO-governed. In the early stages, the development team acts as a proxy for the DAO community by making decisions but always acts on-behalf of the community. Over time, all decisions are formed by community members in the forum and made through snapshot voting. (v)
-> form core team, create a game plan
-> professionalize + setup legal entity
-> only then take outside capital.
Gilded NFTOPS is a one-stop financial reporting solution for growing NFT platforms. They developed a marketplace-specific set of modules to track financial performance, including revenue tracking, collection metrics by asset and artist, royalty payments, and revenue share. NFTOPS customers will gain access to full-featured accounting tools and powerful APIs for custom integrations that simplify operations, streamline reporting, and produce tax-ready data.
- A financial dashboard with real-time insights into NFT sales, activity on primary and secondary markets, platform revenue, trending collections, and more
- The ability to track all corporate wallets, pay vendors, and sync transactions with leading accounting software like QuickBooks and Xero
- Reconciliation for both credit card payments and on-chain sales for consolidated financial reporting by asset, collection, and payment type
- No-code solutions for generating auditable financial statements for artists, licensors, rights holders, and collectors
match a seller with a buyer and facilitate the transaction
The business model of NFTs is still early and we’re seeing a lot of experimentation. It’s currently been a game-changer for thousands, though. Estimated creator revenues of NFTs (2021) are $3.9 Billion shared among 22,400 creators ($174K Avg Per Creator).