The @ryvonetwork ICO on @futarddotio will end tomorrow. Quick reminder on what they’re building. Ryvo is raising $150K to build agentic payments that can scale. The thesis is that agents will increasingly pay for APIs, data, inference and other services thousands of times per day. x402 makes those payments possible. But settling every tiny payment individually onchain can quickly become uneconomical. Ryvo wants to tackle this challenge and relies on payment channels and batching to make high-frequency agent payments more economically viable.

A live ICO, a rejected treasury attack, and a wind-down...it's been an eventful week in the @MetaDAOProject ecosystem! Here's the full rundown: @ryvonetwork opened its ICO on @futarddotio, raising $150K at a $387K implied FDV. Two days left. @UmbraPrivacy set V2 for Q4, promising faster transfers and multi-asset shielded pools. A hostile proposal targeting $1.5M of its treasury was also rejected. @FlashTrade is winding down and seeking an acquirer for its tech stack, brand, and IP, with any sale proceeds going pro rata to FAF holders. @solomon_labs deployed the USDv contract to Solana mainnet ahead of launch. It also published its Blockworks B1 filing, detailing the token structure. @avici added one-click Apple Pay setup from the app. @omnipair crossed $5M in cumulative trading volume across its GAMM pools. @LasoFinance reported $731K in monthly volume and $24.3K routed in July to its onchain treasury through automated daily transfers. @ripcarsio revealed one of the first premium pieces in its inventory, a 1971 Purple Olds 442 valued at around $12,000. @CredibleFin published its July recap: $162M in payment volume, $324K in gross revenue, and new corridors live across Vietnam, Indonesia, and the Philippines. @JurassicFi is capturing headlines again, with the team hinting at the launch of Deaton, the first tokenised fossils on Solana, in the coming weeks. @loyal_hq announced Watchdog. It's an agent that monitors risk signals from Webacy and exits positions automatically when it detects suspicious activity. It goes live late August. s/o to @01Resolved for the coverage and the data!

Luka, founder of Ryvo Network, breaks down the two ways Ryvo grows "There are two ways Ryvo will grow. The first is through proxy. There's an onchain component, the payment system itself, the batching mechanism using payment channels and Arcium and BLS signatures. On top of that you have the gateway, which aggregates many sources into one, so your agent can have one balance and access all providers. For example, we can add support for X, and you can buy the X API through the gateway" "The second way Ryvo grows is if the provider itself adds Ryvo natively. That's another way it can happen" FT @heisenburgirrs @ryvonetwork @Arcium

Ownership Radio #23#. Sunday. 3PM UTC. Another week, another set of builders pushing into new corners of the Ownership space. > @Cognios_io on building an interactive AI learning marketplace on @solana > @corinedotin on the agentic trading network for discovering alpha and deploying strategies > @Digglabs on turning workflow data into infrastructure for AI models and agents > @trysuperpumped on bringing a privacy-focused leverage layer to prediction markets We’ll also open the mic for questions, updates, and perspectives from around the Ownership space. Hosted by @0xSrMessi and @8bitpenis Set your reminder with the link in the replies 🎙

Ownership Report #15#: Ryvo (@ryvonetwork) Ryvo's $150,000 raise is live right now on @futarddotio and we got founder Luka (@heisenburgirrs) on to break it down. Ryvo is a payment network for AI agents on Solana, built as an extension of x402 rather than a competitor to it. Payment channels handle the scale, the gateway handles the UX, and none of it takes custody. Plus yield on idle stablecoins, the revenue model, and where the $150k actually goes. Full breakdown below: 0:00 Welcome and the $150k raise live on @futarddotio 1:20 Ryvo in one minute: financial rails for agents 2:40 From a zkSync NFT marketplace to a bet on smart accounts 4:57 Superteam Georgia, the hackathon, and finding x402 5:53 Mainnet this month, the waitlist, and the RPC aggregator 8:33 Millions of agents making thousands of API calls a day 9:28 Why it is a network and not a service 11:13 x402 as a base layer rather than a competitor 13:27 Payment channels, no custody, and the one trust assumption 16:52 Three ways to do yield and which one actually wins 20:31 Where the revenue comes from 22:18 Becoming an open router for cheap inference 25:00 Use of funds, the audit, and the monthly burn 28:26 How early x402 really is Hosted by @8bitpenis Produced by @BlockformerLLC Powered by @MetaDAOProject & @UmbraPrivacy

A new Umbra is coming. V2 arrives in Q4, with a much bigger vision for @UmbraPrivacy. V1 proved that demand for onchain privacy is real. With V2, Umbra aims to become a complete privacy stack for every financial asset. What to expect: - Transfers and swaps will become 10x to 15x faster - Multi-asset shielded pools will bring borrowing, yield farming, payments and transactions under one privacy layer As Umbra evolves into an infrastructure network, more advanced compliance tools will make integrations with other projects easier. And of course, the token will keep its special place, with an even stronger role in Umbra V2. We’ll learn more about the network architecture as we get closer to the release. Perhaps the best way to put it is this: Umbra will make privacy fast, safe, and easy enough for anyone to use.

Ownership Roadshow #4#. Back in the arena 🦈 Some of the most exciting early teams on @solana are stepping into the Roadshow spotlight, pitching live to thousands and a new panel of expert judges Streamed live on our X profile from 7PM UTC on Friday, August 28 Hosted by @8bitpenis Produced by @BlockformerLLC Powered by @MetaDAOProject & @UmbraPrivacy Want to participate as a team? Read below ↓

"You won't even realise you are using Credible, but you might be using it in the back end" Shrii, CEO of Credible, breaks down how Credible sits behind neobanks like Kast "We're always sitting in the backend. For instance, if you're using Kast, the most popular stablecoin neobank in the Solana ecosystem, in the backend whenever you make a payment from your Kast balance to someone in Vietnam, Kast uses a different provider, a PSP, to convert the stablecoin into VND and settle it into your receiver's bank account" "That PSP is what we are. We have platforms like Kast already onboarded with us, and these platforms are using us" "So you won't even realise you're using Credible, but you might be using it in the back end, and we take a small cut on every such transaction done by these platforms"

"Optimally you don't want to trust them, you want to have levers or mechanisms in place to guarantee you're still getting what you were promised" Rakka, founder of Omnipair, on why verifiability matters more than trusting the team "For investors and supporters, the question is how can I guarantee I get my part of it, because that's stressful in crypto. When you trust a team, optimally you don't want to have to trust them, you want mechanisms in place to guarantee you're not trusting them and still getting what you were promised" "I don't think there's one specific design that works and others don't, I don't believe in that. Equity, dual equity and token, or just the token, all can work, unless it's fundamentally broken. But some require more trust in the founders, and some minimize that trust, which is always better. That's where verifiability comes in, and with AI now investors can actually get to see where the token goes, where the value goes" "If you go to the V1, we have the contract open source. You can find the code, pass it to Claude and ask where the revenue flows to, and it points you to an address that's our treasury. You don't need to trust that it goes into our wallet and we send it to treasury, you can verify the code yourself and do that due diligence, see if things are clear or shady. The model itself can be anything, but you need this transparency. What I want people to do more is actually go to the pool and verify where the money comes from and where it goes"

"A great founder will really have no trouble raising capital from traditional means, so you need to make it as friendly as possible for that founder to want to choose MetaDAO" Ranga, co-founder of Solomon Labs, on why attracting great founders is what matters most for MetaDAO "I understand there was a huge need for the pendulum to shift back to investor protections, just because of how tokens have played out over the last 10 years, that's very understandable" "But the real question is who MetaDAO can attract. A great founder with a consumer or retail product that could benefit from a live token, you need to make it as friendly as possible for them to want to choose MetaDAO and have this token live, so they can gain the benefits of it" "I understand the history of tokens in a very deep sense, because I invested heavily in the ICO era and in the 2020s, and the amount of angel checks that completely disappeared where there was no transparency. It's totally understandable"

Credible's ICO closed with a first: the raise was executed through STAMP, a framework built by @colosseum. It hints at a new pipeline for MetaDAO. Introduced in December 2025, STAMP gives startups a standard way to raise private capital before launching on @MetaDAOProject. 1. The problem it solves Crypto fundraising still runs on two separate contracts: a SAFE for the equity and a token warrant for the token. The problem is that neither was designed for a token-native business. And the result is the ambiguous ownership rights we all know and dislike. Tokenholders cannot tell whether revenue, intellectual property or acquisition proceeds will accrue to them or to the equity layer. That’s exactly what STAMP solves, since it removes the equity layer and replaces it with a clean structure built around a single instrument. 2. The token as sole claim In practice, investors fund a legal entity created through MetaDAO and hold an enforceable claim on a fixed share of the future token supply. With STAMP, the token becomes the sole economic claim. At the ICO, the remaining capital and the project's IP transfer to the DAO-controlled treasury, governed through MetaDAO's decision markets. 3. An open standard Built by Colosseum, STAMP is available to anyone: any founder, fund, angel, or syndicate can pick it up, adjust it to their own needs, and use it. The goal here is to replicate the playbook that made the SAFE win, with a free, standardized contract that spares everyone the deal-by-deal negotiation. In a way, the terms also act as a filter. Investors who sign accept caps, lockups, and governance shared with public tokenholders. Founders, in return, know that no equity layer can later compete with the token. 4. A pipeline for MetaDAO To understand why this matters for MetaDAO, we need to look at who built it. Colosseum already has access to thousands of early-stage Solana teams through its hackathons and accelerator. With STAMP, those startups now have a direct path to launch on MetaDAO. Beyond the mechanics, STAMP also addresses one of the most persistent criticisms of MetaDAO: the adverse selection argument, or the idea that only weaker projects, unable to raise from VCs, would choose to launch there. STAMP actually undercuts that argument by making private capital and a MetaDAO launch complementary rather than mutually exclusive, as Credible’s raise demonstrated.

"With Bridge or Moonpay you're locked in with a $5,000 or $3,000 monthly minimum, and for each rail, even if you're not using it, you pay a fixed fee. In case of Credible we don't have that" Shri, CEO of Credible, on how the Open Payment Stack lets anyone build without the lock-in "Take the scenario of building a neobank. You'd first go to Bridge or Moonpay or any of these guys, and they'll ask you for a minimum monthly commitment, you're locked in with a $5,000 or $3,000 monthly minimum. On top of it, every time you open a new corridor, a new rail, say you want to support Vietnam or Nigeria, for each rail even if you're not using it you pay a fixed fee, and you also have to pre fund amounts to give instant settlement" "In case of Credible we don't have such monthly minimum requirement. You can self onboard, you don't have to go through a sales call. We have a white glove service too, but that's mainly for higher volume clients. I know three or four startups that built on top of Credible during the Frontier Hackathon, one actually won and one got a mention, and they never had to come say hey Shri, this is how much I'll pay you, then onboard me. I didn't even know they were onboarded until they reached out" "Just how we have our own pre funding pool, the DeFi protocol, they can spin up their own pool on the platform, and the platform automatically underwrites the risk because they're using our rails. The money can only be used for payouts backed by already acquired payments. That's where we position ourselves as an Open Payment Stack, and the grander vision is to be like the Linux Foundation, a platform that others can build on top of"

Shrii, CEO of Credible, on how instant settlement removes the cash flow bottleneck holding these platforms back "If you're running a gaming platform and your payment acquirer or PSP is going to settle money after 3 days, but your player is depositing today, playing today, winning today, and then cashing out today as well, now as a business you're sitting on a risk that maybe after 3 days my acquirer or my PSP will not settle. You'll always have to maintain your own liquidity, so there will always be a cash flow problem" "It also restricts you from how many customers you can onboard, how many seats you can have on games and so on. With Credible it solves that problem, we are instantly doing settlement" "The same problem exists for prediction markets, for trading platforms, creator platforms, everyone has the same problem"

"I'm not saying Stripe cannot do it. I would say Stripe will take ages, and their banking partners will probably not be comfortable with the kind of risk they'd deal with" Shrii, CEO of Credible, on what actually stops Stripe from building what Credible built "Stripe processes a little over $16 trillion in payments a year, that's massive, and they're very much focused on the masses. On every transaction they charge minimum 3% plus a $2 or $3 fee. On the other side there are gateways like Nuvei and SafeCharge that work on high risk, but if the customer and merchant are both in the US they'll do the acquiring, they won't do cross border. Even if they do cross border through partners, they always settle after 3 days, on average 7 days. They're built on a legacy framework on underwriting and partner network" "I'm not saying Stripe cannot do it, but Stripe will take ages to have a different narrative, and their banking partners probably won't be comfortable with the kind of risk they'd deal with once they enter the space. For the same reason, they launched Tempo but didn't call it Stripe Chain. It's very hard for someone working with legacy systems to pivot and build something like this" "Credible complements these acquirers because we orchestrate across them, we match which payment method, which market, which merchant should go through which acquirer. If you go on our website you'll see the diagram in the how it works section, how we work through the acquirers, the risk scoring, fronting of liquidity. It requires multiple functions, not just payment processing"

This week in the Ownership ecosystem: @LasoFinance completed its raise on MetaDAO, with $25M committed from 700+ contributors. @UmbraPrivacy introduced “Private Payroll” on Solana: private USDC payments with built-in compliance. @JurassicFi detailed “Deaton,” its first dinosaur acquisition raise. 660K USDC target. Starts in July. @FlashTrade released V2 on mainnet. Sub-50ms execution, 100+ assets, fees from 2 bps. @loyal_hq launched Loyal Earn, auto-routing idle USDC to Kamino vaults. Up to 10% APY. @P2Pdotme announced its Builder Programme: hit 100 ramps and list on @futarddotio for $5K plus raise support. @01Resolved published the “June Ownership Coin Monthly” report. @AviciMoney crossed 1 million transactions.

Excellent breakdown of the MetaDAO model from @0xcarlosg. It centers on Avici, though most of it applies to ownership coins broadly. Here are the main points: 1. Close the equity-token gap MetaDAO's ownership coins close the gap that plagues most tokens. In the legacy model, the equity layer sits above the token, absorbs the real economics, and leaves holders without a genuine claim on the business. Ownership coins remove that value leakage, so the token is no longer the weakest instrument in the stack. 2. Bootstrap distribution & community An ICO on @MetaDAOProject does more than raise capital; it seeds the user base. The raise turns early tokenholders into customers, pulls attention to the product, and builds a starting community that is financially aligned with the project's success. 3. Unlock ecosystem synergies Projects launched through MetaDAO can plug into one another to accelerate product development. Privacy, yield, leverage, and other primitives become shared infrastructure, so aligned teams extend each other's product surface and distribution as the ecosystem grows. 4. Enforce alignment through incentives MetaDAO teams are normally compensated through a performance package that mints tokens only as the price clears a series of defined TWAP milestones. The final tranches unlock only if the business scales far larger. This ties the team's payoff to performance and aligns it directly with tokenholders.

Ownership Roadshow #3#. Bigger than ever. 🦈 A lineup of the hottest new startups on @Solana will pitch in front of thousands of viewers and the most acclaimed Roadshow judge panel yet Streamed live on our X profile from 7PM UTC on the 26th of June Hosted by @8bitpenis Produced by @BlockformerLLC Powered by @MetaDAOProject & @UmbraPrivacy Want to participate as a team? Read below ↓