What Is Krause (KRAUSE)?
Krause Owners, media, players, and fans each play critical roles to make the business of professional sports go and flourish. While fans are arguably the single most indispensable party to this equation, they are the lowest on the totem pole when it comes to ownership by an order of magnitude or higher. The define ownership both as equity (participation in the upside of the business) and influence (having a say in strategy).
Krause Historically, the reason for this disparity is that there hadn’t been ways for fans to coordinate or communicate at scale. Technology has begun to disrupt this model by giving fans a common voice, first through talk radio in the 90s, online forums in 00s and more recently through social media. Fans now have more influence than ever before – but it’s still lacking. This is because without ownership, fans are seen as just a noisy consumer who has to be appeased without a real seat at the table.
Krause Web3 changes all that by consumerizing ownership. With web3, consumers finally have the capability to collectively own and coordinate at scale. This changes the game. In this document, will share vision for fan ownership in professional sports, explore the various approaches available to accomplish this, outline key risks and offer our recommendation on next steps.
Krause Token Storage Key Points
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Krause long-term vision is to empower fans of every professional franchise to collectively have real ownership of the organization. To us, this means both: 1) equity (e.g. own X% of shares), and 2) influence in governance – not just one or the other. understand the reader’s first instinct may be to scoff at this and say owners will never let this happen.
Krause It’s important to understand that there was a time not too long ago where players were at the same place on the totem pole where fans are today. Through the use of technology, savvy, and understanding how critical they are to the business, the ownership by players (both tangible and unrealized) has grown immensely within the last 10 years. There’s no reason fans can’t do the same if organized correctly.
1. Majority Decentralized Ownership (DAO)
Krause In this model, fans would organize themselves as a Decentralized Autonomous Organization (DAO) whose ownership rights, funding, and governance would all live “on chain” (on the blockchain) and purchase the majority rights (50%+) to a franchise.
Minority Decentralized Ownership (DAO)
- This model would be organized identically to #1 but the DAO would own a minority stake of the team. Given goals on both ownership + influence, this model only makes sense if the DAO retains final say but in a more restrictive set of areas than model #1. These would include:
- Team Location
- Marketing + Events
- At least partial say in key executive hiring decisions
Minority Decentralized Ownership (Social Tokens)
Krause model is where the team will create social tokens for fans to hold. These tokens will likely provide holders with benefits via digital goods (NFTs), special player + event access, and more. anticipate that big market teams will not extend ownership or revenue sharing (see Royal for what 3LAU is doing in music), whereas small market teams may innovate more here to collect a digital + worldwide fanbase. In this model, it is unlikely fans will have any governance on team operations + strategy.
Krause Blockchain technology unlocks new types of ownership, specifically decentralized ownership. This technology is a prerequisite for fans to own their favorite team & we’ve finally built out enough of the infrastructure to apply this to sport ownership.
It’s not just blockchain technology that makes this timing finally here. Team ownership requires coordinating large groups of anonymous people in an efficient manner. The technology & the platforms to do this are finally here.
Krause House is a Decentralized Autonomous Organization (DAO) governed by a community of fans, the basketball lovers and purists. Together, will write the consensus rules that will bring the first fan-governed team to the NBA.
Krause 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. will allow our members to participate in decisions affecting the operating procedures of a National Basketball Association (NBA) team including but not limited to general management, ticketing, merchandising and partnerships.
Krause House 101
Krause New to Krause House? Start here to learn more about ambitious vision and how plan to achieve it.
Players don’t win championships – DAOs do! Be a part of a movement that will change sports forever.
Krause Great teams thrive in the spotlight – read what others are saying about us.