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 👇

the degen in the back gives fans exposure to sports club assets as the underlying value in the protocol

there is a wide open canvas of experimental space in the DeFi world right now that could be applied to the back of the mullet

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

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

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