equity

2025 is the year of cryptoequity 🔥

In 2021, @balajis.eth  wrote his prescient "Mirror Table" article, arguing that the simplest way to bring equity onchain was by mirroring a company’s cap table. Fast forward to 2025: we can go beyond mirroring because the infrastructure now exists to make cryptoequity a reality.

First and foremost, capitalization data now has an open-source format.
Back in 2021, cap table knowledge was proprietary. Actors like Carta & AngelList thrived by keeping their "secret sauce" locked up. But things changed when the Open Cap Table Coalition—backed by all top-tier US law firms (Gunderson, Orrick, Cooley, etc.)—released the first-ever open-source cap table format.

This started the commoditization of cap tables. And @fairmint 
 pushed it further by putting this format onchain with the Open Cap Table protocol. No more "mirroring." Fully compliant onchain cap tables are now a reality.

2025 is the year cryptoequity takes off 🚀

The Overton Window has been smashed.

If everything is now legal[1], many startups will try raising funds by issuing tokens as explicit cryptoequity.

As context, the SEC distorted the market for the last decade by forcing founders to obscure the obvious analogy between tokens…

Balaji

The best way to bundle your investors into 1 line on your cap table & streamline your fundraising. Checkout https://fairmint.com to simplify your fundraising.

2025 is the year of cryptoequity 🔥

In 2021, @balajis.eth  wrote his prescient "Mirror Table" article, arguing that the simplest way to bring equity onchain was by mirroring a company’s cap table. Fast forward to 2025: we can go beyond mirroring because the infrastructure now exists to make cryptoequity a reality.

First and foremost, capitalization data now has an open-source format.
Back in 2021, cap table knowledge was proprietary. Actors like Carta & AngelList thrived by keeping their "secret sauce" locked up. But things changed when the Open Cap Table Coalition—backed by all top-tier US law firms (Gunderson, Orrick, Cooley, etc.)—released the first-ever open-source cap table format.

This started the commoditization of cap tables. And @fairmint 
 pushed it further by putting this format onchain with the Open Cap Table protocol. No more "mirroring." Fully compliant onchain cap tables are now a reality.

2025 is the year cryptoequity takes off 🚀
https://x.com/balajis/status/1881239201657876895

Impact

co-founder at fairmint.com.
If you're a FF (Farcaster Founder) raising funds, stop right here and checkout fairmint.com. Or DC me :)

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