Back frontier startups, before they're obvious.
Solana
Joined February 2022
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Back frontier startups before they’re obvious.
Somewhere tonight, someone is building the next thing.
Be there early.
Back frontier startups before they’re obvious with @craftsdev
Sign up for access & Apply if you are building the next thing ↓
Introducing private startup rounds on Crafts.
Not every company should use the same market structure.
Some are ready for liquidity.
Some are better suited for a private round.
Crafts will support both.
Curated private startup rounds are now coming to Crafts.
One of the first companies is backed by Y Combinator.
Request early access.
We’re at Solana Summit Serbia 🇷🇸
Here to connect with everyone who’s into internet capital markets, especially founders ready to scale a business with strong foundations.
Reach out here or DM @abo_crafts
Introducing the Crafts Anchor Board.
Review curated startups before the round opens:
• Meet founders
• Lead diligence
• Soft-commit to selected rounds
• Get early access to curated offerings
Apply as investor → crafts.dev
One of the key challenges in creating liquid markets for private companies is adverse selection.
You can attract deal flow, but without strong founder quality, credible investors won’t step up to lead and anchor rounds.
Over the past months, we’ve spent a lot of time talking to investors, curating strong capital deployers, and understanding what they need to underwrite private companies before a liquid round opens.
We turned those learnings into a new investor flow, and one of the core building blocks of Crafts going forward.
Tomorrow.
Proud to share that Crafts won the $10K Miracle Activation Package, expanding our distribution across 35M+ wallets.
Thanks to @themiracle, @SuperteamDE, and @SuperteamEarn
“Tokens are broken, and how to fix them.”
Crafts at Solana Summit Berlin with @pfo_sac
Huge credit to @SuperteamDE for putting together one of the strongest Solana events Europe has seen.
Thank you for participating in ReFi Hub’s raise for their equity-linked token on Crafts.
The raise was unable to reach the 400K USDC minimum, 250.8K has been committed in 224 bids from 184 participants.
Refunds are now claimable on Crafts: Connect your wallet and you will be able to claim the USDC back to your wallet.
Thank you for everyone who participated.
ReFi Hub’s equity-linked ICO closes in 3 hours.
Tradable on @Raydium after auction clearing.
Bid now: crafts.dev/refihub
ReFi Hub ICO is now live for all @solanamobile users: crafts.dev/refihub
You now have access to equity-linked tokens with VC-grade protections and fair valuations.
Don’t miss our Ownership Spaces on value accrual for tokens, privacy, and the next era of ICM.
We’ll be joined by @Arcium, @Raydium, @refihub (ICO live) and leading voices from across the ICM ecosystem.
Set your reminder: June 4, 2 PM UTC
xitter.twitterapi.xyz/i/spaces/1XGyggQkMaZxM…
Introducing Constitutional Governance: VC-grade holder protections for every Crafts ICO.
Governance actions can be proposed by founders or token holders, but only token holders can vote. Each action is bound by predefined limits to prevent misuse.
Governance Actions Available From Month Two Onward:
One-Time Treasury Release
The company can request additional capital beyond its monthly stream for a specific need, such as token buybacks or strategic growth expenses. Token holders vote on whether to release the requested amount.
Liquidation (2 Steps)
Step 1: Token holders can vote to pause the monthly capital stream and trigger a 30-day cure period, giving the founder time to address the concerns.
Step 2: If the concerns are not resolved, token holders can vote again to wind down the SPV. Any remaining treasury is distributed pro-rata to token holders, and the SAFE adjusts to reflect the capital that was actually streamed to the company.
Secondary Raise
If the company wants to raise more capital through another liquid token issuance that would dilute existing holders, token holders must approve it first.
Freeze Mint
Token holders can permanently shut off the ability to issue new tokens. Once minting is frozen, no future secondary liquid raise can happen and the token supply is locked.
Exit Distribution
If the company is acquired or goes public, the SAFE converts according to its terms. The resulting proceeds flow to the SPV, and token holders vote on how those exit proceeds should be handled.
Governance Change
Token holders can adjust certain governance parameters within predefined ranges, allowing the system to evolve without opening the door to misuse.
You can participate in the first ICO on Crafts now: crafts.dev/raise/refihub
