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Commodore
@commodore
what if @krausehouse were launched in 2024? it's probably a meme token w/ protocol fees funding a endowment fund focused on sports assets 🧵 a thread 👇
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Commodore
@commodore
why use protocol fees for the treasury? you'd have a clear income mechanism for KYB requirements. and you have a very standard structure (especially in the EPL) for leagues / owners to say yes to
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Commodore
@commodore
you'd use this large endowment fund treasury to purchase equity & make deals in exchange for access + influence in the clubs
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Commodore
@commodore
here's the thing… pro sports have two paths ahead of it: a) embrace more capital structures that have more people & more capital behind it (see: PE, etc) b) face declining valuations (multiples) targets which button do you think they hit?
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Commodore
@commodore
tokenization of the financial system is happening blackrock, fidelity, grayscale, etc have made this a reality w/ their embrace of BTC ETFs DeFi powered sports ownership is inevitable
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Commodore
@commodore
is a meme token the right mechanism? probably not, but something in the ballpark lots of white canvas to play with here
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