Crafts
@craftsdev
Equity-backed token raises for bold startups.
First ever sealed-bid auction on Solana,
418 Following 5.3K Followers
First Sealed Bid Auction on @solana
The mechanism that priced Google's IPO has never worked on-chain.
We're opening Raise Zero - the first public sealed-bid uniform-price auction on @solana
Every founders today face the problem of how to price tokens fairly while avoiding bots or whales outbidding everyone.
Sealed-bid uniform-price auctions are how Google IPO'd in 2004. How the U.S. Treasury clears $20T+ in bonds a year.
They're the gold standard for credible price discovery - but they've never worked on-chain, because blockchains are transparent by design.
Sealed bids need privacy that didn't exist...
Together with @Arcium we're changing that. Their MPC network runs computation directly on encrypted data, without ever revealing it.
If you've ever lost a fair allocation to a bot, or watched a "discovery" round clear at a number that had nothing to do with price discovery...
Test the first Sealed Bid Auction on Solana:
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Introducing the first sealed-bid auction on Solana, open to everyone.
Raise Zero is a mock raise for fair price discovery, inspired by the mechanics behind Google’s IPO and U.S. Treasury auctions.
Enter now ↓
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HotHeads have been invited to test RaiseZero, the sealed bid auction from @craftsdev🔥
The Arcium Ecosystem is heating up☂️
The weakest part of on-chain raises is still the initial valuation.
That is why we chose sealed-bid auctions for Crafts raises and built Raise Zero to let anyone try them with mockUSDC.
This auction logic has priced U.S. Treasuries for decades and was used in Google’s IPO. With Arcium, we’re bringing it on-chain.
For Crafts-issued Stakeholder Tokens linked to company upside, this matters even more.
The first price should come from conviction, not information advantage.
So we built a no-risk version:
1. Claim mockUSDC
2. Analyze the mock projects
3. Set commit amount, set max FDV, or accept market
Try it yourself:
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Introducing the first sealed-bid auction on Solana, open to everyone.
Raise Zero is a mock raise for fair price discovery, inspired by the mechanics behind Google’s IPO and U.S. Treasury auctions.
Enter now ↓
Show more
Selected OG communities are in for special Raise Zero perks. Who’s missing?
We submitted @craftsdev to @colosseum Frontier!
it's 2026. most tokens still have no legal connection to the company behind them. HoudiniSwap got acquired for $18M last week. token holders got nothing.
@craftsdev building two things to fix it.
1. the Stakeholder Token Standard - focusing on partial tokenization with a minority stake, one SPV line on the cap table, venture-grade protections from day one.
2. the first sealed-bid uniform price auction on Solana - built with @Arcium. same mechanism as Google's IPO avoiding outbidding of whales and bots - fair price at primary issuance.
our first startup is @refihub - solar RWA, $35M pipeline, 18 months live, zero missed distributions
let's go. 🤙
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Pitched @craftsdev at the Solana x MonkeFoundry Demo Day.
Great to share what we’ve been building, thanks for having me!
Plugging with the Best: @switchboardxyz x @refihub x Crafts
Another prime example of why SPV structure matters.
In many secondary deals, retail ends up with lower-class shares, often C-class or similarly limited-rights stock packaged into SPVs with little to no protection.
Then, when an IPO comes around, those same structures can leave retail exposed, diluted, or excluded.
That is exactly why the details matter.
We brought on @ryonnixon of Horizons Law, former General Counsel of Solana, to help design retail access with venture-grade protections for our raises on @craftsdev, including scenarios like IPOs.
Retail should not just get access and liquid exposure.
Retail should get structure, rights, and protection.
Craft Mode.
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Craft Mode.
Turning startups into investable on-chain assets at a fair price using our novel sealed-bid auction mechanism.
Solana’s first sealed-bid auction goes live next week.
Raise Zero is a mock raise anyone can try.
No visible bids. No bidding games.
One price, set by demand.
Ahead of @craftsdev Raize Zero launch next week, new RTGs are live.
Crafts Capital Markets.
Solana’s first sealed-bid auction goes live next week.
Raise Zero is a mock raise anyone can try.
No visible bids. No bidding games.
One price, set by demand.
