Big Mother’s DAO has innovated a dynamic new type of fund, one that is neither crowdfunding, direct investment, nor donation based.
Our fund is gamified.
We call it BAE funding but its style is a new type of “narrative funding”, using story and art to fund a purpose or a mission.
The dynamics of this fund allow a community to fund a purpose, take co-ownership in some form, and then immediately within the fund get refunded for funding the purpose, twice. In addition, they still own an underlying asset.
Additionally, the unique innovation in our fund allows for two different types of market and psychological forces to collaborate; nonprofit and for profit, individuals or startups, organizations of any kind can all collaborate in one swiftly moving vehicle that funds, broadcasts, and distributes itself.
Big Mother’s DAO is introducing a new way to apply NFT smart contracts as a tool for bundling various types of real world contracts together into one simple asset that can be created and sold by a community.
Our fund is fully and legally compliant with both US Securities Law and US Copyright Law.
Our fund is applying a design principle from Bucky Fuller, a viewpoint around measurement that focuses on the most abundant property in a marketplace instead of the one that is the most scarce.
Two pieces of web3 are essential for this new type of innovative fund.
One is a multi-sig wallet with ternary voting permissions, and the second is contract to smart contract bundling with an emphasis on formal and legal copyright ownership contracts.
A creative studio of some kind is also necessary for this new type of fund.
This gamification allows for a fun “synergy” to intermix between the arts and the sciences produced by the DAO community.
The “creative and artistic” side of the community designs high end copyright or essentially art of some kind in any form of media, image, story, event or music that communicates the theme of the “purpose” of the community.
The creative community then sells their work along with the formal copyright ownership of the work, which then distributes 1/3 of the sale to DAO start up partners and 2/3rd back to the community for raising the funds.
In return for this unique funding opportunity, startups who are partners in the fund pledge an SEC regulated security token that is matched to copyright participation and ownership via the community trading and distributing the assets.
This allows a community to both design and build a shared asset that reflects the value and ownership of the community, presenting a type of “plural money” that is hedged with many community assets all bundled into one smart contract and distributed as a unique work of art that tells a narrative across nine scenes in a performance.