“sealed bid auction” Yh you read right.
so most startups raise funds by pitching to VCs (large investors),
or go on to list on the stock markets where few people gets early access to invest, leaving out the regular folks like you and I.
this can is a problem for both the VC and the startup, as most times they have to agree to terms that are not sustainable.
this is solved by
@craftsdev 🤜🤛
see Craft as a room or an env where new startup building on Solana can come and showcase their tech to attract bids from both regular and big investors.
with
@craftsdev these startups tokenize a part of their company and give people the opportunity to own it.
how does it work?
users look for the best products on Solana, make their findings and confirm everything w on-chain data.
these startups run auctions on Craft, and users get to bid, the bid is secret. a fair price is set based on the bids.
those bids are gateways to owning a piece of these startups early.
and just like that, you are now an early investor. no more barriers or having to be a large investor.
NB: price can go up and down and investment still comes w risk, but the goal of craft remains to kill that early stage barrier for regular investors.
everything is powered by
@Arcium
start here:
(If you’ve submitted any RTG you should have access, just connect your Solana wallet)