soapboxdarby
0xA7D1
June 23rd, 2022

We have raised 10k to distribute to the NEW INC Community through a frictionless application and democratic, community-led distribution process. We are seeking applicants and voters from the community to participate in our first experiment in community grant making. Please read on for all the nitty gritty — how to apply, registering to vote and more! For live updates follow us on Instagram or Twitter.

Overview

After months of research, model development, workshops and conversations, we are excited to announce Unnamed Fund’s first funding experiment. We have raised $10k in ETH and CELO to democratically distribute to our creative community through a community-led quadratic vote.

In consultation with community we have decided to forgo traditionally strict guidelines for applications and voting and instead ask that both applicants and voters agree to a set of community values and participation principles as an act of radical community decision making power. We have prepared these values and principles to help guide this experiment for Unnamed Fund, and support the experience of both applicants and voters. We acknowledge the bias in developing any process, and the possibility of imperfect outcomes. We seek to learn from this experiment, and share our findings transparently with the community.

June 6th, 2022

Unnamed Fund is excited to announce a generous grant from OCELOT (Original CELO Treasury) to support our genesis experiment. As part of the support, OCELOT has granted Unnamed Fund 7,525 CELO, the native token of the CELO blockchain.

OCELOT, a collective that democratically controls a multi-signature safe for CELO grants, has a focus for grantmaking in four categories:

  • Research and Development on Open Source Projects
  • Radical Experimentation
  • Emerging Markets
  • Community Growth

We feel like the spirit and focus of OCELOT is a great fit to support our NEW INC member-led project.

0xDD3e
May 25th, 2022

We are excited to announce that we have received generous support for our initial collective grantmaking experiment from mCLUB!

mCLUB is a DAO whose mission is to support projects within the Mirror ecosystem. The group introduced a snapshot vote which received overwhelming support from their community. As part of the proposal, mCLUB has contributed 2ETH towards our crowdfund.

Use of Funds

Our initial experiment, which these funds will be used towards, is a community-stewarded treasury, which will be democratically distributed to support impactful projects in the NEW INC ecosystem. Read more about our plans in our Mirror crowdfund.

December 28th, 2021

Late in the summer of 2021, I wrote an original proposal for an idea called “NEW DAO”, a web3 native ecosystem fund that would be owned, run, and controlled by NEW INC members. The impetus behind the fund was that many NEW INC projects are not natural fits for traditional venture investment-- and that there could be interesting collective and codirected approaches to allocate capital towards member projects. This proposal also coincided with discussion within NEW INC about a desire to create an investment fund. Eventually, this “NEW DAO” proposal grew into an active group of individuals working to help build and shape the idea further.

Much of this original proposal is now obsolete, but I wanted to share it. You can read the original proposal here:

Here is another copy of the proposal below. 👇

Welcome to Unnamed Fund —  a cooperatively controlled creative ecosystem fund.

We're a group of creatives working towards sustainable funding solutions for artists, creative practice, and creative enterprises. As members and alumni of NEW INC, the New Museum’s incubator, we came together with the goal of building community focused solutions to, and imagining new futures for funding within our ecosystem.