Introducing private startup rounds on Crafts. Not every company should use the same market structure. Some are ready for liquidity. Some are better suited for a private round. Crafts will support both. Curated private startup rounds are now coming to Crafts. One of the first companies is backed by Y Combinator. Request early access.

My definition of moneyness is arbitrary as all are but I think it will be proven right (that's admittedly the trade I'm taking with these calls): 1. PoW > PoS. I think it's essential that miners are forced sellers & distributors of the tokens. Otherwise you basically enshrine the Cantillon Effect into the "money" of the network. I also think there's a spiritual/memetic requirement that money == work **Maybe Ethereum is grandfathered into this clause bc the long PoW history, i'm undecided there 2. I think programmability is -EV, as described earlier. I think it's good for the network but not good for the money/sov like properties you'd want from the network token This is also where I take exception to the "Bitcoin is SoV but nobody uses it, why are Ethereum and Solana being punished for being used even if it's less than stables on their respective networks". Money is a meme. It's not dissimilar to the "always be pre-revenue" joke from Silicon Valley. Bitcoin wins by not even playing that game. It's also more comparable to gold in it's SoV-ness, which is a bridge I'm arguing the programmable L1s won't be able to cross 3. It needs a divine meme. What's the difference between Bitcoin and Dogecoin? The meme. That said, I do think Ethereum and Solana have grand enough memes here Context: I like these three properties of cryptomoney compared to the standard properties of money like scarcity, verifiability, fungibility, etc... because basically all the crypto assets have this by nature of design. I think we've been tricked by the historical immaturity of crypto to think "well maybe it's all money in some way" but I believe those days falling behind us I respect the bull case that solana will incubate 1,000+ pumpfuns into an ecosystem that hits critical mass and can't be vamped. Then they raise fees and run it up bigly. I'm hesitant because it really seems like blockspace is a commodity but I could be wrong

Not every company should use the same capital formation structure. @craftsdev lets startups fractional tokenize 5–20% of themselves with sealed bids that clear at one fair price. Now it adds curated private rounds, starting with a Y Combinator-backed startup. 💯

Old walls. New capital markets. 🏰 Not your average place to build the future of capital. @craftsdev at @cstldao

Ireland is one of the dopest countries I’ve been to. With trillions of dollars of ETFs and other funds domiciled there and an ambitious government, I suspect it will play a large role in the future of crypto. Superteam Ireland is one of our largest communities, and @A_gutierro put together something really special at Slane Castle this year and I hope they run it back again soon. Was a pleasure to meet some of the teams on Solana: @Styx_PQ @realPumpApi @MentionedMarket @infesteddotfun @craftsdev @finagotchi @slasheddotwin @hackhackai @aikidoapp @STEALFxyz @AniketKumar_13 🇮🇪

Solana Summit in Serbia was a blast! 🇷🇸 Balkan superteam is like family, great energy - had an unforgettable time in Belgrade Huge shoutout to @SuperteamBLKN @JosipVolarevic2 @matija_sol for bringing the ecosystem together

We’re at Solana Summit Serbia 🇷🇸 Here to connect with everyone who’s into internet capital markets, especially founders ready to scale a business with strong foundations. Reach out here or DM @abo_crafts

I’ll be at Solana Summit Serbia next week 🇷🇸 2 days in Belgrade hosted by legendary @SuperteamBLKN. @craftsdev build infrastructure for liquid venture investing: helping companies raise on-chain through equity-linked tokens and fair price discovery. Who is going? Vidimo se! 🇷🇸

Yesterday we launched the Crafts Anchor Board: a private network for high-signal capital deployers to review curated startups, meet founders, and pre-commit before rounds open publicly on Crafts. We built it because open access and serious underwriting should reinforce each other, not compete. Investors share their mandate once and our AI engine matches their thesis with curated frontier startups. Selected members conduct deeper diligence and can pre-commit for early allocation. Anchor Board Leads run founder calls, coordinate diligence, and help anchor selected rounds. For founders, this builds informed demand before launch and brings investors who can help win customers, recruit talent, expand distribution, and bring follow-on capital. Sticky capital should not mean locked capital. It should mean investors with enough context and conviction to take a longer view, creating a holder base that can strengthen early price discovery and bring stability with high-potential for growth For investors, it means less random deal flow, deeper access, and a real role in companies they are equipped to underwrite. Anchor and public allocations settle at the same uniform, market-cleared price, based on real demand through our sealed bid auction. Feel free to hit me up if you want to be involved.

One of the key challenges in creating liquid markets for private companies is adverse selection. You can attract deal flow, but without strong founder quality, credible investors won’t step up to lead and anchor rounds. Over the past months, we’ve spent a lot of time talking to investors, curating strong capital deployers, and understanding what they need to underwrite private companies before a liquid round opens. We turned those learnings into a new investor flow, and one of the core building blocks of Crafts going forward. Tomorrow.

We took the learnings from our first raise, stepped back, and rebuilt one of the most important parts of Crafts raises in the future. The vision remains the same: build venture-grade infrastructure for liquid, equity-linked startup investing. Stay tuned.

the underrated projects on @solana series is back 🫡 episode 5: @craftsdev, an equity-linked ICOs for private companies. a token actually tied to a real startup's upside. 2,600 investors on the waitlist. 200+ companies applied to raise. supported by @toly, @colosseum , @Raydium, and @Arcium 👀 which project should we cover next? 🙈

Proud to share that Crafts won the $10K Miracle Activation Package, expanding our distribution across 35M+ wallets. Thanks to @themiracle, @SuperteamDE, and @SuperteamEarn

Audit Completed for @craftsdev 🫡 Crafts is a fundraising and discovery platform for founders, backers, and creators. It facilitates equity-linked token raises while letting community members discover and interact with on-chain products Grateful to work with the team and help them Ship Safely. 🚀 Public report & testimonial below🧵: