splits

splits

Financial infrastructure for onchain teams. Splits: https://splits.org/ Teams: https://teams.splits.org/

abram pfp

We've been (quietly) cooking - quick 3 min demo of what we've built recently. We're focusing stability/bugs/etc for a bit, which means I have more bandwidth to bring more folks onto the beta - your feedback will help shape the product!

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🎀 sonya (in theory) 🐰 pfp

🎀 sonya (in theory) 🐰

@sonyasupposedly

if you run a business onchain, we wanna talk

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🎀 sonya (in theory) 🐰 pfp

🎀 sonya (in theory) 🐰

@sonyasupposedly

how @jake manages $QR, the project coin behind the onchain attention machine: https://splits.org/blog/qr-project-coin/ 💸 cashflow from the token versus the business — spoiler, almost all the business, but Jake ties both together 🏦 is it better to raise from 100,000 buyers versus one or two VCs? 🗣️ how to coordinate those 100,000 people without losing purpose, direction, or your mind?

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🎀 sonya (in theory) 🐰 pfp

🎀 sonya (in theory) 🐰

@sonyasupposedly

Ethereum will see more and more experimentation. Which means more and more entrepreneurs will get started on Ethereum. Which means more and more banking services will be needed to serve these growing businesses. @abram at ETH NYC: https://splits.org/blog/splits-at-eth-nyc/

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abram pfp

over $250m has flowed through @splits infra to date. proud of this milestone because the splits infra isn't selling money, so funds flowing through the system are (for the most part) downstream of some onchain economic productive asset.

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🎀 sonya (in theory) 🐰 pfp

🎀 sonya (in theory) 🐰

@sonyasupposedly

I haven't been around for the whole ride, but it's been interesting to learn from @abram + @w how the initial idea for Splits — sharing money onchain — was originally expressed in a very concrete, limited tool: the simple splitter contract ...which soon unfolded into a philosophically driven mission to enable productive collaboration (which is what finance is *for*), on the scale of the firm but also the scale of civilization https://splits.org/blog/unbreakable-agreements/

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🎀 sonya (in theory) 🐰 pfp

🎀 sonya (in theory) 🐰

@sonyasupposedly

Project coins are capital formation at internet speed and scale. Okay, first: what is capital formation? It's when money becomes machinery for making more things happen. Various funding sources are combined into a single "pot of gold" dedicated to a particular purpose. Before capital formation, you have disparate financial resources sitting in different accounts, proverbially twiddling their little money thumbs. After capital formation, you have a Real Thing: a startup with runway, a factory with equipment, etc. For example, two founders might combine $50k personal savings, a $100k angel check, and a $25k customer pre-order. Before: hobbyists with a side project and day jobs. After: they can quit those jobs, hire another developer, and focus full-time on executing. Same people, same idea — but now they have the economic ammunition to make it real. That's capital formation. 1/2 👇

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🎀 sonya (in theory) 🐰 pfp

🎀 sonya (in theory) 🐰

@sonyasupposedly

the Splits thesis

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@sonyasupposedly

Why are project coins so interesting? They're kind of like seed funding. And kind of like crowdfunding. But also kind of like bootstrapping. But *also* kind of like public stocks... without being equity. Token holders "are the financial equivalent of social media followers." Because it's crypto, investing is open to anyone with an internet connection. Anywhere in the world. At any time from launch onward. Instant liquidity for all. Following up on our investigations of @betrmint and @tipn, the latest @splits report from @w @abram @matthew and myself is a deep dive into project coins — how they work, and what it means for the startups of the future. https://splits.org/blog/project-coins/

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Andrew B Coathup pfp

Andrew B Coathup

Where can I find the ABI for a Split, Vesting & Pass-through contracts?

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🎀 sonya (in theory) 🐰 pfp

🎀 sonya (in theory) 🐰

@sonyasupposedly

"Economic prosperity is not just about having ample funds: it's about reliable systems for using, moving, and protecting those funds. In fact, such trustworthy systems are a prerequisite to wealth." https://splits.org/blog/unbreakable-agreements/

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🎀 sonya (in theory) 🐰 pfp

🎀 sonya (in theory) 🐰

@sonyasupposedly

world-class infrastructure, for the whole world only possible with Ethereum ⚔️ this rundown from @abram = why Splits Teams is important

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@sonyasupposedly

lower friction = more learning

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@sonyasupposedly

and maybe the @w-coded way to say it is: Ethereum is the internet-native, 21st century substrate for business

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🎀 sonya (in theory) 🐰 pfp

🎀 sonya (in theory) 🐰

@sonyasupposedly

"The foundation upon which you build impacts not only what you build but who can access it." — @abram on why Ethereum is the necessary for Splits Teams doesn't seem like an cypherpunk / cryptoanarchist tool at first glance... but look a little deeper. It's more radical than you realize

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