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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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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Fair price discovery for token launches
Another example of how encrypted compute unlocks entirely new market mechanisms onchain
Megahyped for Crafts, go try it out before the first raise.
you can go ahead and build <encrypted> magic into any existing solana app today - nothing is gated for devs.
and if you are building with arcium, I'll help you with technical and product feedback 24/7
just build on solana with arcium
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The first sealed-bid auction on Solana is here.
@craftsdev is live with Raise Zero ↓
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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The @colosseum market now has more volume and users than the previous 9 markets combined.
Accelerate.
there were around ~50 “private” ai inference projects with tokens over the last couple years, all just using ZDR or TEEs with zero technical moat.
only one ended up winning. lesson in there
crazy that the most incredible nordic invention, snus, still hasn’t made it to panama
ARX SUMMER
Every encrypted instruction in Arcium used to recompute a shared secret in MPC, adding ~1s of overhead.
We're fixing that with shared rescue keys caching ↓
Writing an article on information markets.
If you’re building any of the markets below, reach out if you want to get featured or share feedback.
- Decision Markets
- Opinion Markets
- Attention Markets
- Opportunity Markets
- Hyperstition Markets
- Combinatorial Markets
- Distribution Markets
- Quantum Markets
- Impact Markets
- Scalar Markets
- Claim Markets
- Path Markets
- ... and others i might have missed
Salud!
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this will literally never work unless you crush the visa/mastercard duopoly.
you will get some options:
1. prepaid card, strict limits, probably the most “no kyc” card you can get today, but not a debit card
2. business card sold to retail users, illegal and usually gets shut down after ~6 months, then you lose access to the account
and then there’s @colossuspay which might actually be able to give the world its first real non-kyc debit card by breaking free from the duopoly
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Non-KYC debit card with tap to pay.
Build this and I will give you so much money. You can ask for an insane fee and people will still use it.
