Krause House Carnival 🎢,
Plus, Ball Hogs roll to 4-2 on the Season... their best record EVER! All In For Sport raises $7k +!!
✍️ DAO Proposal Updates
🎢 Krause House Carnival by Commodore
🐗 Ball Hogs head to Miami 2-2 in the BIG3 Season
🐗 Keys to Success from Bayesian Baller
🔥 All In For Sports first Crowdfund is a SLAM DUNK
🔥 Krause House Mochi team rakes in nearly 1 MILLION views
This Week in KH Governance - Aug 4
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🗳️ Ready for Voting
Vote with your KRAUSE & share your thoughts/feedback in the Krause House Discord #member-chat. Voting closes 3 days after the proposal has been posted. How to vote? Check out Krause House University for an explainer.
Convert Remaining ETH into a stablecoin
This proposal is to convert 100% of the remaining ETH into stablecoins to support the typical expenditures of the DAO and to reduce a risk in a significant price drop impacting our efforts over the next few quarters.
Capital Coordination - Stream Continuation Request
The scope of work for this includes up to 3 days per week, or 12 days per month by Lewwwk#4227 focused on:
Fund structuring and formation
Transaction negotiation and closing
Capital infrastructure development, including entities and protocols
Engaging and managing capital partners, investors, advisors, and contributors
✅ Recent Outcomes
2nd Annual Krause House x Guatemala Tournament
Status: Passed
This is a proposal to fund the 2nd Annual Krause House (KH)/Casa de Krause x Hoops Sagrado (HS) - a DC based youth basketball cultural exchange program - Tournament and Youth Camp in San Pedro La Laguna, Guatemala. This year provides many given and potential opportunities including but not limited to showing continuity in KH’s global reach promoting basketball globally, telling unique stories on overall Guate basketball culture as well as individuals via KH socials/doc style clips, and showcasing stories of the DC youth and how KH and HS are changing lives across borders via basketball.
Next steps is to fly Brandon Reese out and start recording the camp!
🎢 Krause House Carnival
Enjoy this thread from the co-founder of Krause House to understand the vision of the sports eco-system we’re building. 👇
“It's an eco-system built with the vision of fans having deeper & more meaningful experiences with sports. We believe "meaning" derives from the pillars of ownership: a) Access b) Governance c) Equity
A carnival is an *ecosystem* to facilitate fun & revenue.
A carnival has thrilling rides🎢, amusing games🏀, delicious concessions🍗, and a ticket 🎟️ to get in.
Krause House is best imagined as the world’s greatest sports curated carnival.
Krause House is an *ecosystem* to facilitate fun & revenue to support our mission of fan ownership.
Our rides🎢 are our ownership positions.
Our games🏀 are our apps for access and governance.
Our concessions🍗 are our collectibles & merch.
Our tickets🎟️ are our NFT-access to the community.
RIDES
Each real ownership position serves as a “ride” in the KH carnival. The north star is to get as many people on the ride as we can within the rules & regulations. We aim to build on-ramps for people who aren’t eligible to get on the ride today to become eligible tomorrow.
At a real carnival, different rides have different restrictions such as age / height / weight & additional costs. These restrictions have been put in place from a combination of regulations, safety concerns, and revenue opportunities. Krause House too will have to be mindful too.
GAMES
Games in the KH carnival are to allow people to earn their way to amazing access or governance in the teams we’ve been able to work with. Imagine a GM-simulation game that rewards the winner, opportunities to work with the actual GM.
Carnivals have carnival games, transacted in an in-carnival currency token (think Chuck E. Cheese tokens). KH's games are designed for our community to demonstrate unique talent to earn access / governance in the team’s we have ownership positions in, transacted in a native token
CONCESSIONS
Carnivals have concessions stands for the basics, transacted in local fiat. Krause House’s concessions sell merch & tickets to teams that are in the Krause House network; transacting in local fiat, stablecoins, or ETH.
TICKETS
Carnivals often have tickets for access. Krause House already does too.
CARNIVAL CO-OP
Building a carnival as a cooperative is a superpower, it allows us to build the carnival collectively & with a mission larger than profit. The roles between operator & patron become blurred.
We believe this model works with culturally powerful assets such as sports, music, and entertainment — anything that inherently has a powerful fandom. We can work collectively to invent new rides & games, while also enjoying the hard work of everyone else in the collective.”
🐗 Ball Hogs 4-2 on the Season
“🤫 a DAO-owned basketball team is on the verge of making the playoffs after being the worst team in league history.
A DAO member does their analytics, scouting, & assistant coaching.
We’re filming it all & 🤞 we bring home a championship for all of web3.” - Commodore
Yep, the Ball Hogs who have never won more than 2 games in a season are now in the hunt for playoff positioning. Here’s a breakdown from Ball Hogs analytics wizard, Bayesian Baller, on the keys to the Ball Hogs success last week. Hogs are back at it tomorrow in Charlotte vs. Iso Joe Johnson and the Triplets on primetime CBS!
🔥 All In For Sports first Crowdfund is a SLAM DUNK
We've hit our goal and then some! We're thrilled to announce that we've raised a total of $7,647 USD in less than 2 weeks for Alaska Youth. #BallIsLife
🎉THANK YOU!
🧵A breakdown of our successful campaign
We raised $3,680 in fiat and 2.13 ETH ($3,967) in crypto. The global support has been overwhelming, and we loved seeing these funds put to good use in Sitka, Alaska.
We're proud to have worked with @project_backboard as our non-profit partner to help get kids to this phenomenal @5starbasketball camp. Their dedication to the game and the community is truly inspiring.
Here's to many more successful projects together! #ProjectBackboard #Communitylmpact #CryptoForGood
What is @AllInForSport? The secret behind pulling this off?
All In For Sport is a philanthropic arm of KH. A non-profit that is looking to transform systems in the philanthropy space rather than repeating what’s been done before. 🏀🌎
🔥 Krause House Mochi team rakes in nearly 1 MILLION views
Season 2 of our Digital Street Team has completed! 🔥
Fans around the world focused on producing @BIG3_BallHogs highlights & basketball travel moments.
Overall, we reached nearly 1 MILLION views from this cohort. Fans -> Creators
A 10x improvement from Season 1. SWISH! 🏀
Where have we been getting this "content pool" for our creators to work their magic on? 🤳
1⃣ @joydeangela @itsunclejon @jdcrabtreeiii have been capturing exclusive behind the scenes footage & courtside moments of the @BIG3_BallHogs all summer long!
2⃣ @peterbergin has been leading the charge for broadcast highlights of the @BIG3_BallHogs by merging computer vision models, audio-to-text models, and large language models to create AI-generated highlight reels.
🌎 Within minutes, the footage from our games have been broken down into HUNDREDS of highlight reel clips that have been shared systematically to community members across the world to make Instagram Reels & TikToks of their favorite players.
📅 Weekly Events
A reminder that we have our community Town Hall this Thursday at 5pm EST to share community updates and review the next set of proposals. See you there!
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