Base

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 👇

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

you'd use this large endowment fund treasury to purchase equity & make deals in exchange for access + influence in the clubs

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?

is a meme token the right mechanism?

probably not, but something in the ballpark

lots of white canvas to play with here