“The Design Revolution” confronts the Wall Street ponzi with the BAE fund.
On 11/11/22 Why not World Game launched on the blockchain with Act 1, a collection of 360 total works that feature R. Buckminster Fuller or Bucky having a frazzled conversation on the world wide web in 2022.
Our collection is on Open Sea while our project home is located at www.whynotworldgame.com
As of this writing, we have already sold
218 224 239 247 250 281 304 315 out of 360 SOLD OUT! Act 2 will be available shortly!
Act 1 of the art collection mirrors Round 1 in the first pilot of the BAE fund.
Introducing the first pilot of a BAE marketplace
The BAE fund is a dynamic, new, and responsible type of vehicle for communities to collaborate to build shared wealth and value towards the aim of a purpose the community shares in common.
BAE stands for “Bootstrapping Arts and Engineering”, and it is a responsible vehicle to raise $141M in a fund that sells a large art collection, with a few web3 surprises, while building a $1B equity value in community created assets.
The vehicle uses formal US Copyright which is bundled in a specific way with a smart contract, making the token of the smart contract and the formal Copyright itself indistinguishable.
This allows a community to create a type of “plural money” or something similar to a “soulbound” token, but this innovation is unique to our community and we call it “CopyCake”.
CopyCake allows “copyright”, specifically as a royalty stream, to function like stock does in a public company, but controlled by a DAO community as an art collectible produced by the community.
CopyCake is shares of royalty stream contracts from the work of art someone in the community acquires. When someone purchases the art in the BAE primary market, they simultaneously own the lion’s share of the royalty stream of the work.
When a work of art is acquired in BAE, the creators of the work make a split with the community, 1/3 to creator, 2/3 to community.
The 1/3 side of the contract takes revenue received and give it to members of the community who engineer technology, enabling them to “start-up”.
These startup companies then support the 2/3rds side of the contract with the potential of equity or revenue shares, depending on conditions which allow for the compliant transaction thereof.
The community then controls directly in the digital wallets up to $94M in the BAE Co-fund.
This cofund can be used to further fund individual or community profits, recoup purchase price, fund non-profit initiatives, invest in other DAO economic systems with token purchases or NFT purchases, or further invest in Big Mother DAO projects or initiatives with six unique startup technology projects emerging.
Backing every single matic purchase is community created equity, beginning in Round 1 with a certain valuation, escalating to a $100M valuation by close of Round 2, and concluding Round 3 as a $1B property, entirely created from within the DAO community.
Using community created equity to support the copyright value of art
The community of startups then proceed down a SEC approved “crowdfunding” marketplaces, such as Reg A+, and agree to forgo tradition Angel or VC rounds which lead to an IPO on Wall Street.
Additionally, the BAE fund trades in crypto on the Polygon blockchain (MATIC) but the assets are all pegged to USD, making the BAE fund impervious to wild swings.
As all contracts within the project all operate under the same terms 1/3 creator side 2/3rds community side, all funds are distributed this way, which we will show creates marketplace “ephemeralization”, making Round 1 easy and inexpensive to initiate the exact amount of critical mass to affect Round 2, which then generates the necessary critical mass to establish Round 3.
This creates a community asset hedge where the works of art become hedged with community assets with formal valuations. This arrangement will allow us to build a dynamic fund totalling up to $141M USD, with 2/3rds of that amount entirely in community controlled wallets.
Round One, co-funding the fund and funding the co-fund.
BAE takes place across three rounds of funding which mirror three acts of storytelling in 9×3 narrative logic. Each round has its own unique opportunities and strategies, with Round 1 comprising less than 1% of the total fund and Round 3 comprising over 2/3rds of the total fund.
In Round One, the community raises money to fund the fund and initiate the first few companies to formally emerge within the process. This aspect of the fund “funds” the roadmap.
Round One “co-funds the fund” by selling distribution contracts for the following scenes, all of which are always 3x the cost of the previous scene.
So we demonstrate, a single contract in Act 1 scene 1 goes on sale for $120. When the digital work is acquired, they are purchasing the distribution rights to sell Act 1 Scene 2 for $360. When that scene sells, 2/3rds of $360 ($240 USD) is distributed to directly to the wallet holder of Scene 1.
This escalation continues, the holder of Scene 2, which cost them $360, holds the distribution contract for Scene 3, which retails for $1080 USD. When that is sold, 2/3rds is distributed directly into the wallet of the Scene 2 holder.
This allows scene holders in Act 1 to recieve 2x of the purchase price of the work, directly in the control of their wallet.
With that control, the wallet holders agree what to do with it. In Round One, the primary strategy is to use it to co-fund the fund and allow the community to acquire more works of art for the fund itself, while also piloting unique “BAE” strategies of how BAE can be applied in a community to hedge, or even recoup lost valued assets and “bootstrap” its own growth.
Round 3 of BAE looks differently, and the final chapter of the narrative fund has not only lion share but unique opportunities not available in Chapters 1- 8.
Already emerging in Round 1 (currently ongoing on our Discord channel if someone has an act 1 ticket in their digital wallet on Polygon) is a community funded project for a “crypto film” production company, with the co-fund funding the film for $50k, enabling the filmmaker to fund his film with “nothing”.
A responsible fund.
The notion that “million dollars is not as cool as a billion dollars” is what creates adoption of ponzi like economics on both Wall Street and in crypto.
What if you could do more with $141M in a BAE market than you could with $1B on Wall Street or in Silicon Valley?
The BAE fund uses $141M to co-fund a community building a $1B equity property, creating a dynamic hedge between community created equity values and community created copyright values supporting one purpose, one fund, one studio.
A BAE market allows perfect distribution of funds without any requirement for anyone to ever “hold the bag”, and all assets and all members of the community essentially hedge and fund each other’s positions.
BAE is elegant, but it cannot continue indefinitely, it must “close”, the story must come to a “resolution”, and “end”. Any other promise would put our community, and our fund, in the same category of any Wall Street or FTX type situation.
In the world of ponzi-scheme fueled dynamics especially with the recent FTX scandal, we introduce an entirely responsible fund.
Because our fund is responsible, it has a ceiling which closes the fund.
This is a number the whole system can responsible hedge and grow. If we were to continue playing BAE in our fund, we would be a ponzi, because such growth is simply not possible without creating massive risk. However, while the story of our fund will certainly “end”, a new story can emerge within the Big Mother DAO community, a new “fund” can emerge, or even many of them. Over time, the natural viral “win-win” funding appeal will eventually make Big Mother DAO a decentralized studio giant.
We are piloting this type of marketplace to show how new measurements in “abundance” can be used to create a stable vehicle, immune from Wall Street ponzi, a new type of community formed wealth, using something like plural money or soulbound token, called CopyCake™.