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Like the popular tech startup accelerator, the Seed Club runs a multi-week mentoring program to help fledgling organizations and communities get started. The difference is that Seed Club only “invests” in projects built around cryptographic tokens, and these are not real “investments” at all.
The Seed Club is both a bootcamp and a “network” of successful and aspiring founders and companies organized as a Decentralized Autonomous Organization (DAO). The mission is to nurture the rapidly growing crypto-native creator economy.
If that sounds vague, it’s only because of the near-infinite number of organizations today that can focus on an almost-infinite variety of industries. This is a platform for platforms, a network of networks and a DAO of DAOs.
I spoke to Sloss to find out what makes an ideal candidate and to learn more about what is fast becoming one of the fastest ways to gain legitimacy in the Web3 Wild West. The DAO offers a 12-week crash course in building a token project, including legal training, fundraising, and development advice.
Teams apply to the Seed Club and, if selected, pledge to donate 3% of their project’s tokens to the DAO. Upon launch, these projects receive a grant of tokens from the Seed Club treasury, thereby becoming a member of and part of the administration of the Seed Club DAO.
The people to monetize their personal brands, the group is now open to a wider range of technological applications.
“Now there are more tools in the toolbox,” Joon Ian Wong, another co-founder of Seed Club, told CoinDesk. This includes non-fungible tokens or NFTs. The shifting focus could also indicate the regulatory risks these particular tokens pose, as well as collapsed enthusiasm after the major Social Token Launchpad Roll was hacked.
