The future of creators starts with Web3 (and $20M from a16z)
There's a DAO that's just raised $20M to help creators take their businesses to the next level.
The catch? The investment is in exchange for a percentage of the creators’ future earnings.
Here’s why this is interesting:
Creators are no longer just people who amass followers and likes. They’re full on businesses; and they have a massive impact on society.
Businesses usually need capital to scale and it’s historically been challenging for creators to raise money given they’re self-employed, and ‘number of followers’ isn’t a well-understood or respected metric to provide funding for.
This helps solve this problem.
CreatorDAO allows creators to come together, spread the word about each other and build bigger and stronger communities - with the glue being that they’re all members of the DAO.
We love that!
If this works, it could establish a new blueprint for creator funding - one that can push both the creator economy and Web3 adoption forward.
Two thumbs up.
Here's the downside:
Their catch phrase is "Get that bread and get ahead" - yikes!
While the future is yet to be written, with $20M in the bank, a strong community already developing and some important members not only contributing, but also having skin in the game; this seems like a recipe for success.
We’re rooting for you, CreatorDAO.
