The example doesn’t things need to be this complex. You can envision a simpler version of this, but I’m hoping to get your juices flowing and juxtapose this type of innovative finance against the a large portion crypto world who thinks just making better DEXes is all protocols and their programming languages need to accommodate. Also, there’s no reason this can’t be replaced with different types of assets, including IRL things.
Alright, let’s go.
Imagine a world where the following things are true:
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DogeCube, because of all it’s Dogeberus headed goodness, has a small but loyal and awesome following that uses DogeCube as a sign of appreciation & friendship. They want other people to use the token too.
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There’s a new dApp that lets communities form around writing movie scripts. We don’t need to get into the mechanics, but imagine that it has its own internal system for rewarding individual contributions and giving all contributors equity. The platform is great at this & people love coming together to write such fantastic movie ideas such as “Snakes on a Plane 2” or “What About Piers?” Additionally, there’s a market for people to buy all rights to a script so they can bring it to a more centralized production entity and actually make the movie. Part of the DogeCube community really likes the progress of the script for “Dan Hughes with a Vengeance.”
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Allows synergies between platforms & decentralized collective action.
So, bear with me. Also, things don’t need to be complex. You can envision a simpler version of this, but I’m hoping to get your juices flowing and juxtapose this type of innovative finamce against the rest of the crypto world who thinks just making better DEXes is all protocols and their programming languages need to accommodate.
Alright, let’s go. Imagine a world where the following things are true:
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DogeCube, because of all it’s Dogeberus headed goodness, has a small but loyal and awesome following that uses DogeCube as a sign of appreciation & friendship. They want other people to use the token too.
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There’s a new dApp that lets communities form around writing movie scripts. We don’t need to get into the mechanics, but imagine that it has its own internal system for rewarding individual contributions and giving all contributors equity. The platform is great at this & people love coming together to write such fantastic movie ideas such as “Snakes on a Plane 2” or “What About Piers?” Additionally, there’s a market for people to buy all rights to a script so they can bring it to a more centralized production entity and actually make the movie. Part of the DogeCube community really likes the progress of the script for “Dan Hughes with a Vengeance.”
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The Dogemigos also see several NFTs that would be great intellectual property to stick into “Dan Hughes with a Vengeance.” Maybe one is a license to a voice generator for Samuel L. Jackson’s voice. Maybe there’s a couple music tracks the DogeCubeans like & NFT licenses are available to use it in other media. Maybe they also want the villain to be a pack of Abandoned Scorpions. Now assume that all of these are available on a NFT marketplace that has “buy it now” options instead of just auctions. Owners can obviously change pricing demands whenever they want.
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The DogeCubies also love to hang out in Cartverse. Cartverse is a new VR platform where creators can rapidly develop movies in 3D using a propriety engine. Plus, assets from the movie can automatically be ported to a white label racing game platform. If you make your movie or show on Cartverse then you pretty much automatically get to let your audience play a cart racing game with the IP from the story. Also, for DLC in the game the IP owners get to decide which currency they want to accept as payment. The platform development is managed by a DAO & people also trade ownership tokens. It’s an under the radar project that’s gonna be huge, kinda like Radix was back in 2022.
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Several of the DogeCubvocates decide they want to go in on putting items 1-4 together in a project. They want to purchase the rights to Dan Hughes with a Vengeance, populate it with NFT’s they like, launch the movie on Cartverse, accept DogeCube as payment for extra Dan content in the racer game, and purchase a whole bunch of Cartverse governance tokens because they think Dan Hughes with a Vengeance & the DogeCube community marketing prowess are gonna really put it on the map. Let’s toss in a bunch of extra DogeCube tokens too. Also, for the NFT’s, some of them are agreed upon as needed by the entire group, whereas other ones, such as how many SCROP and which ones to buy is up for debate.
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Luckily, Radix has a sweet app. It’s called Radix Acquisition Network DAO Investment Equity Systems (RANDIES). A Randy is a type of DAO that enables the members to set a conditional acquisition strategy. Members decide what they want to purchase, and what price they’re willing to pay. People can make any level of contribution they want. They can also make specific allowances or specific earmarks for certain purchases. For example, if the acquisition includes a SCROP you really want then you can offer to pay a bit more for the final acquisition cost. There also a whole bunch of other dials. Eg an individual can put a ceiling on how high of a price you’ll accept for Cartverse Governance Tokens. If it’s too expensive then it’s not worth being part of the acquisition for you. The Randy views this as a bundle. If all the variable conditions are met to complete all these actions with funds the members are willing to pay, then it executes and settles all at once. There’s also variables that can happen after. For example, all the assets can be bundled together into a security and a new token is issued to represent ownership of it. Or, maybe that happens to some assets while other ones are distributed (such as bundling all intellectual property but individually dispersing the tokens from the bulk Cartverse Token purchase). Or maybe the rights to the assets are fractionalized and dispersed. Whatever you want!
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Now, RANDIES exist because I) people only want to buy into any of these assets if the full project is going to happen, 2) trying to organize individual actors to make separate purchases may move the price of certain assets before everyone buys in, meaning other people are stealing thunder from their brilliant idea, and 3) the prices of the assets and people’s willingness to pay varies over time, so informal organization and gathering commitments from members is like herding Schrödinger’s cats. So, members can join the Randy for the potential Dan Hughes with a Vengeance project and use a dashboard to set all their preferences. They can even put in more conditionals like “pay for this with OnionCoin first, then Radix for the remainder,” or “pay for this with Radix if its price is over $17 and if not then pay with OnionCoin.” After a user sets all their preferences then anytime they want they can come and pay a small fee in XRD which will check the price of every asset involved, check every members conditional commitments at that time, and finally, if if a sufficient number of aggregate conditions are met to make the purchase then the Randy makes the purchases and distributes all assets and tokens etc each party according to what they put in & how the Randy was structured, maintaining all the obligations and its tegridy.
I hope you enjoyed this, and I hope it really demonstrates that maybe the uses cases about 2-3 step transactions are something people can map in the EVM, but that really innovative finance would be a complete disaster to implement on a sharded network that doesn’t maintain atomic composability.