Do Crypto-Token Sales Make Sense for Open-Source Projects?
Spurred by Union Square Ventures partner Albert Wenger's recent blog post, there's been lots of discussion about crypto-tokens in recent week. This has led to excitement and skepticism about their ability to incentivize open-source developers to create and maintain protocols. However, as Runa Capital has funded a number of developers who have created and maintained thriving open-source protocols, I wanted to shine some light on this approach in the context of how open-source developers have been incentivized historically. This article focuses on both why a crypto-token issuance may make....
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In response to a motion filed last month, a majority of Nu shareholders voted in favor to make network's source code open. "With the successful passage of this motion, the Nu Shareholders[1] ("Shareholders") have instructed the Nu Development Team[2] ("Developers") to make the Nu source code available to the general public," Nu representative Ben posted. "The updated license will allow free, permissive use of the source code in Nu-related and derivative projects." Despite the motion's successful implementation, many shareholders believed that Nu could wait a little more before open....
Does this product make sense? Is there a clear explanation of what the network does? Is there a clear use-case for the token? Has the developer been transparent about where funding will go? Is the project an open public blockchain or is it an opaque, unclear technology? Is it something marketed as a good or for speculative profits? These are the things....
With DeFi becoming accepted by the mainstream, IDOs (Initial Decentralized Exchange Offerings) grow in tow. With that being said, researching a token and the project behind it in-depth and ensuring its safety is a stressful endeavor at the best of times. Many are wary of participating in token sales With fraudulent tokens and crypto-related scams on the rise, it’s no surprise crypto users are becoming more careful about what they buy. The Vent Launchpad aims to resolve this by taking it on themselves to do their due diligence on all projects seeking to launch through them. It ensures that....
Non-fungible token (NFT) assets have taken the world by storm in 2021 and three current projects in the NFT universe have seen sales stretch into the billions. Statistics show that the NFT marketplace Opensea, the blockchain NFT game Axie Infinity, and the digital collectible series Cryptopunks have collectively captured over $10 billion in sales. Opensea, Axie Infinity, Cryptopunks Crack $10 Billion in Sales As the end of September approaches, the combined sales of three distinct NFT projects have made more than $10 billion in all-time sales. All three projects are unique as well, as the....
The non-fungible token industry is firing on all cylinders thanks to innovative projects. The number of sales is skyrocketing week over week, and new ventures pop up regularly. Wicked Cranium is a relatively new project, but one that seemingly has tremendous potential for the future. NFT Sales Continue To Boom All across the non-fungible token […]