late night crew

splits

Purple

Terminally Onchain

For the last 2 years, the @splits team has been building the "scratch programming language" for smart contacts - atomic units of onchain capital coordination.

Just as e-commerce companies use Stripe to embed financial services, defi & creator protocols use Splits to enhance their products (i.e. Zora).

Stripe makes billions off of their financial services. But Splits is not a platform. It's a protocol. All the smart contracts they've developed are open for anyone to use for free as long as the Ethereum network is alive.

So what's the business model for the Splits Product (not protocol)?

I believe @w @abram and the team are building the essential infra for the rise of Onchain SMBs. Just as LLCs unlocked a new wave of innovation, Onchain SMBs will do the same by reducing the time for small teams to experiment w capital.

We're still at v0.0001 but as early onchain creators such as myself, @coopahtroopa.eth, etc. show value, we'll see many others cross the chasm.
https://terminallyonchain.xyz/splits

The /splits team onboarded @matthew @brianjckim @zinger and me to the new "teams" product they're building.

Think of it as quick way to make an Onchain SMB: each team starts off with a "operating" and "treasury" wallet.

/latenightcrew is not a company to us co-hosts in the traditional sense - we're not filling out LLC forms, making a Chase bank account, etc. We're just 4 friends hanging out.

But why should the points above stop us from thinking of ourselves as a business in a more flexible way?

Recently, we got a bit of eth from a /purple retro grant. Our plan was just to split it up 4 ways and call it a day.

Instead, the splits onboarding helped us get a bit creative.

Below, I made a sample "business flow" for us that can be set up in under 2 mins. 

NOTE: this is just me messing around on excalidraw to show an examplee, NOT AN official model that's been agreed upon!!

building @recess + hosting /latenightcrew

/new-york by day 🗽 /latenightcrew by night :) Fan of eating tacos and bringing people together, often at the same time 🌮 oh and /untzuntz 😈

/toc Onchain strategy at terminallyonchain.xyz | co-host /latenightcrew

Exploring new ways to view our group as a business through the splits team's new product. Creativity in splitting funds and managing wallets