The Create Protocol has four components: the NFT minting mechanism, a native utility and governance token, a DAO, and a treasury.Any creator may propose minting an NFT drop to the DAO by staking a certain amount of token. The DAO then votes on whether that NFT drop should get minted by the protocol. Members of the DAO use staked tokens to vote. If the vote doesn’t pass, then the proposer loses their stake. If it does pass, then the proposer earns a fee, denominated in the native token, taken from block rewards.Once the vote passes, the NFT drop is minted, and the protocol auctions off the NFTs in a Dutch auction. The protocol sets a royalty rate for resales (default 10%), and a royalty split (for both the initial sale and resales) between the creator, the purchaser, and the protocol. All proceeds from the initial auction and resales are sent to the protocol, which swaps the proceeds for the native token on a DEX, and then sends the native token to the creator, purchaser, protocol, and client, according to the royalty split determined by the protocol. The proceeds that are sent to the protocol are held in the DAO’s treasury. The proceeds that are sent to the purchaser are locked for a certain time period.This mechanism ensures two things: first, from a governance perspective, that governance tokens are distributed to those who participate in the bootstrapping of the network – the creators and purchasers. Second, that the more popular the NFTs minted through the protocol, the higher the demand for the native token.

Co:Create: Whitepaper

Co:Create raised a $25M seed round

Co:Create Protocol a $25M seed round led by&nbsp;a16z crypto, with participation from&nbsp;VaynerFund,&nbsp;Packy McCormick’s Not Boring Capital,&nbsp;Amy Wu, and the teams behind&nbsp;RTFKT&nbsp;and&nbsp;fractional.art, along with 50+ investors and web3 angels.Co:Create provides the foundational infrastructure for decentralized brands of the future. It enables projects to mint NFTs, as well as launch their own DAOs and fungible tokens associated with their collections. This serves to expand individual communities, incentivize the growth of dApp ecosystems, and decentralize project governance. The Co:Create protocol will provide the tooling to support these communities in achieving their full potential.This protocol design drives three major outcomes:<ul><li>Expands the community: NFT collectors are added to the community (by receiving the NFT) and to the DAO (by receiving native tokens with their NFT purchase). If they sell the NFT later on, they can still participate in community governance. Furthermore, individuals excluded from participating in an NFT community due to elevated floor prices now have a way to join the ecosystem by purchasing the native token directly.</li><li>Incentivizes ecosystems to develop: Developers can receive grants in that project’s native token to build games, events, or experiences. As the ecosystem becomes more valuable, demand increases for the project’s NFTs, resulting in more demand for the native token through the royalty swaps.</li><li>Decentralizes creation and governance: The native token will be used to propose new NFT mints as well as vote on future NFT additions and the use of the DAO treasury. Decentralizing creation and governance enables projects to create more sustainable futures and evolve with input from their community.</li></ul>

Co:Create

A protocol that unlocks the potential of NFT communities and ecosystems.

Packy McCormick

Amy Wu

Andreessen Horowitz (a16z)

VaynerFund

Not Boring Capital

Discover fundraising information: %crowdsale_type% %funding_rounds% return on investment (ROI), prices of investors, and funds raised by %name% %code%. Review the white paper, team, and financial overview.

Name	Tier	Type
Andreessen Horowitz (a16z) Lead	1	Venture
VaynerFund	3	Venture
Not Boring Capital	3	Venture
Packy McCormick	-	Angel Investor
Amy Wu	-	Angel Investor

Co:Create CO

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