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.
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.
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.