A Krause House DAO Initiative
Authors: Shanny, Rowan, Lewwwk
Editors: Meesh, Phelps, Heenal
The Krause House is a Decentralized Autonomous Organization (DAO) governed by the community, the fans, the basketball lovers and purists. Together we will write the consensus rules that will bring the first fan-governed team to the game as first participants, then fans, and now owners. The collective of ambitious contributors whose goal is to own an NBA team describes the underlying mission of DAOs in its purest form: Difficult by one, achievable by many.
Krause House Mirror Post
What is All In for Sport?
Backed by Krause House DAO, All In For Sport is an experiment to bring together diverse communities in web3 and sports to partner in developing a perpetual funding mechanism for community initiatives that advance inclusion and empowerment through sport around the world.
Why Sport?
Sport has a unique place in society, drawing people together across boundaries, backgrounds, cultures, and beliefs in love and pursuit of a shared passion. Sport can give people hope and purpose and foster physical, social, and economic empowerment. Within web3, sport also offers a more relatable, non-technical entry point to explore and participate in web3 communities, tools and practices.
The UN has identified 17 key Sustainable Development Goals and amongst them lie Good Health and Well-Being, Gender Equality, Reduced Inequalities, Community Development, Sustainable Cities. The AIFS initiative has a common connecting thread to these pressing thematic issues.
Meeting people where they are, and supporting grassroots community lead initiatives, unlocks the true power sport has towards building healthy, diverse, inclusive and sustainable communities.
Learn more about inclusion and empowerment in sport:
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Empowering Girls and Women through Sport and Physical Activity | sportanddev.org
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How Women’s Sports Will Lead The Sports Industry Into The Future | The Fan Project
Why web3?
web3 gives people new powers to redistribute power and resources. It is a new coordination infrastructure that allows people to come together to pool and govern resources across boundaries based on trustful, permissionless technology; consent-based decision making; and self-determination. While early, web3 has already demonstrated practical utility in bringing diverse communities together around common causes, pooling and allocating those resources as a community.
Vision
Our ultimate goal is to establish a perpetual funding mechanism dedicated to community-directed funding for inclusion and empowerment through sport.
For this project, we aim to convene diverse communities across web3 and sports to co-design this mechanism and support its development in a way that demonstrates what web3 can bring to sports and inclusion.
A Multifaceted Approach
Leveraging web3’s new funding and governance mechanisms that are more transparent, efficient, and fun. AIFS envisions being the conduit to grassroots, community-led initiatives being funded.
We see our ecosystem developing through:
Governance - AIFS is establishing a proposal-driven governance model that is resourced through a Nouns-style perpetual funding engine. This will be used to bootstrap a two-house community governance model. The community will direct funds to grassroots sports projects through quadratic funding, while an operations house will build and run the operational infrastructure through sociocratic governance.
Over time, this structure will allow different countries, sports or communities to deploy the same tooling to their needs, deepening the AIFS network in a genuinely community-driven way.
Partnerships - Initially, AIFS will invite athlete partners worldwide to develop traits from which they can create 1/1 NFTs to be auctioned off on a daily basis. Early corporate sponsors will be invited to contribute capital to support the reserve price (floor price) for each auction, ensuring a consistent stream of funding into the treasury. In concert with funding accruing to the treasury, a global community will be invited to submit proposals to funding rounds that advance inclusion and empowerment through sport.
Community Proposals - We will utilize a community proposal first approach, where passionate people and groups from around the world can propose funding for their initiatives. While having general parameters around a funding proposal, AIFS will not be a centralized funder, we will distribute decision-making to communities and leverage the collective intelligence of the communities themselves to determine which projects receive funding.
The projects allow for a new kind of storytelling with the ability to show the true power of sport to impact diversity, equality and inclusion in communities around the world.
Ultimately, through this experiment, we hope to prove that we are much more connected than we are different. We feel sport is the unifying piece that can bring us together.
We invite you to come play with us.
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Curious to know what a community led proposal could look like?
We have already found one. Read on.
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The Beginning of Something Good // An AIFS Case Study
The foundations for a first proposal emerged organically through an event sponsored by Krause House DAO in 2022.
Every year, Hoops Sagrado gives 20-25 disadvantaged youth in the D.C. area an opportunity to participate in a month-long basketball camp across rural Mayan communities in Guatemala. Not only an opportunity to explore a part of the world they’d never imagined and engage in cultural exchange, the program builds tremendous leadership and confidence. They compete together against local Guatemalan club teams in the evening, study Spanish and visit cultural sites during the days, and coach the indigenous youth in various camps and tournaments. When approached by Josh Phelps, a Krause House Community member to contribute support to this project, Krause House rose to the challenge by funding the Krause House Classic or “Clásico De Casa Krause in San Pedro, Lake Atitlan.The weekend long tournament consisted of camps for hundreds of local children and tournament games at night, with clubs traveling to compete by cars and boats and huge support from the local community in attendance as well.
What was simply initial support from Krause House DAO led to a year-long proposal from the local Guatemalan basketball community, proving the possibilities for endless opportunity in the sport/DEI space, given the chance to be funded. With initial partner support, we feel that this is the proposal to kickstart AIFS. Our plan would be to build around this proposal to create systems and learn, iterate and reiterate to allow AIFS to support project proposals (fractals) from all over the world.