A better way
to fund creators
Crypto venture funding is broken.
- Founders raise too much, too early.
- Often high FDV token launches that dump on retail.
- Products that don't make sense, often inventing a problem to solve.
- Angel checks given to founders with no accountability.
FundingWorks solves this.
- Supporters commit ETH to creators, not products.
- Creators can use the funds as they choose.
- ETH is held inside a soulbound NFT and vested to the creator over time.
- Supporters can burn their NFT to withdraw unspent funds, pro-rata.
Healthy Speculation
- NFTs are soulbound, funds raised are reasonable.
- No flipping. No secondary sales.
- This protects creators from inflated expectations and lets them build without pressure.
No Returns Expected
- Supporters back the person, not the product.
- Milestone-based payouts can't be reliably enforced onchain.
- If a supporter feels the relationship is one-sided, they can exit and reclaim remaining funds.
- Ideally, the creator builds something worth being part of.
- This is not an investment and there may be no financial return. Like Patreon or Kickstarter, this is about backing the vision.
FundingWorks is a TokenWorks launch
- FundingWorks launches with TokenWorks as the first creator.
- If successful, the platform will open to approved creators.
- For each campaign 3% is taken as a platform fee, 7% is paid out to the creator instantly, and the remaining 90% is streamed to them over the course of the vesting period.
- The contracts are permissionless and open source, our goal is to make the platform available for all creators.
- If the proof-of-concept doesn't gain traction, it will remain a one-off launch for TokenWorks.