Adventure #57 - Fabric

Hellooo, good morning

Happy belated Labor Day to my American friends!! 🇺🇸 

So I was thinking about how to bring more value to you, my beloved readers, and soon community maybe (wen v3 👀)

So this cool guy (name-reveal soon) and I decided to make something for you.

What you’ll get:

• an Airtable with 10 VC-backed web3 companies

• with light research about them

It’ll be useful if you want to:

• get a job

• sign more clients

• create partnerships

If this sounds interesting, sign up below and we’ll send it when ready.

ps it will be FREE

Onto today’s plan

Use this framework to look into a protocol:
(1) The protocol
(2) The founding team
(3) Funding & Hiring

Current events + business talk
(4) Meme of the week
(5) Hustler's ambition

None of this is sponsored, I choose what to write about.
This is not financial advice either

Today is dedicated to Fabric

The Product

(i) problem

Crowdfunding onchain is tricky.

One of my favourite crowdfunding tools is Juicebox which we’ve already covered here (read later).

But Fabric is even simpler.

(ii) solution & demo

The tagline of Fabric is “the easiest way to crowdfund onchain”.

And they’re goddman right.
It literally takes a minute to set up.

This is the only thing you need to do:

They take no fees, that could change in the future I suppose.

At about 20gwei, it costs $12 to deploy.

And here’s what it looks like once it’s done 👇️ 

And when people contribute, they can mint a free NFT.

If the funding campaign doesn’t reach its goal, participants can withdraw their funds.

And one final thing - something that’s not possible with web2 crowdfunding platforms 👀 👇️ 

Generating yield - if the purpose of the crowdfund is to invest in something that will have an ROI, then individual contributors can withdraw their share of the profits from the contract.

Pretty cool, right?? You’ll find their tech docs in the link at the bottom if you fancy digging some more.

(iii) considerations

I spoke with Jonny (the CEO) and he confirmed that the smart contracts are audited 👌 

(iv) how you can benefit

• set up a crowdfunding campaign

• contribute to a crowdfunding campaign

• use their SDK to easily implement the protocol in your app

The founding team

Jonny Mack: Co-founder and CEO

➙ principal at a design consultancy with clients like Coinbase
➙ design lead on Chrome OS
➙ cofounder of Google Domains

Dan Simpson: Co-founder and CTO

➙ previously CTO at One More Cloud
➙ built the search infrastructure for companies such as Pinterest, GitHub, HBO
➙ and loads of other dev-related experience

Chris Douglas: Co-founder and CSO

➙ a professor of mathematics at the University of Oxford
➙ a graduate student at MIT
➙ a postdoc at Stanford

Funding and Hiring

A) Funding - yes

Seed round with the following participants: Polychain Capital, Eniac Ventures, Mischief, and Reverie

B) Hiring

Currently not hiring BUT looking to collab with growth partners!

Ping Jonny a message if you’re interested:

https://twitter.com/_nonlinear

Favourite meme of the week

Hustler's Ambition

(A section dedicated to frameworks/ideas/tools)

A cool thread about having asynch meetings

And this is a fascinating podcast about Advertising in web3, user attribution, and getting a rev share in perpetuity.

I’ve listened to it once, it’s on for round 2 soon.