Krause House is a Decentralized Autonomous Organization (DAO) governed by a community of fans, the basketball lovers and purists.
Together, we will write the consensus rules that will bring the first fan-governed team to the NBA. 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.
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We will be revealing the worlds 1st physical NFT basketball court on 6/22 @ NFT NYC in collaboration with 24 artists. Learn More
There are certainly a few obstacles to achieving our vision. The NBA recently changed their rules to accommodate private equity onto the cap table for minority positions. We believe this is the most realistic path for us to prove a DAO can sit on the cap table as well. Demonstrating reliability across a portfolio of positions is our strategy to convince the NBA to accept our future majority bid.
The reality is that most ownership opportunities are emergent. We’ll need to be prepared for each bid as they come along. Each opportunity will also be unique, therefore we’ll need to be creative on why our bid is the best one for the owner & the league.
Our NFT tickets sold out quickly in November 2021! You can purchase one in our upcoming release in June 2022. Learn More
DAO stands for "Decentralized Autonomous Organization." At its core, it’s an organizational concept that allows for decentralized decision making and community coordination utilizing elements of the blockchain. To put it simply, it’s an efficient and effective way to focus the resources of many people on a common goal.
$KRAUSE is the governance token for Krause House. Holders of $KRAUSE decide the future of the DAO by voting on proposals. $KRAUSE governance tokens are not a promise for future ownership of a team. When we put forth a bid, there will be an explicit fundraise of new capital for that bid. This could include KYC and other forms of compliance to accommodate any legal requirements.
Our NFT serves as access and membership to the Krause House DAO. Read Our Roadmap