Legacy of Dreams

Based on cryptographic and decentralized trust sovereignty services over the internet, to dismantle capital privileges, explore protocol capital that embodies fairness, democracy and freedom.

Legacy of Dreams

Bitcoin explored the concept of sovereign internet-based currency issuance, Ethereum implemented sovereign services for general contracts, and asset exchange protocols like Uniswap achieved sovereign services for digital asset conversion. We believe that decentralized sovereign services for capital are poised for innovative breakthroughs.

In 2016, the renowned project "The DAO" was launched. It was the first decentralized capital project based on smart contracts within the blockchain system and is considered a pioneering attempt at decentralized capital on the Ethereum blockchain. The project quickly attracted a large number of consensus participants and raised approximately $150 million in ETH (with ETH priced around $8 at the time), making it one of the largest cryptocurrency projects at that time. "The DAO" aimed to create a decentralized investment fund without investment managers. Its design allowed participants to invest in projects by purchasing DAO tokens using Ether (ETH), Ethereum’s native cryptocurrency. Holders of DAO tokens would gain voting rights to decide which projects the organization would fund. "The DAO" sought to create a decentralized, transparent, and democratic investment fund, where investment decisions and fund allocations were made collectively by community members, enabling any individual investor to influence decisions and allocations freely, thus achieving financial fairness and freedom. However, "The DAO" ceased operation due to technical security risks. Despite this, its practical exploration provided valuable experience in utilizing blockchain technology for decentralized capital, planting the seeds for future contracts.

Since 2018, community capital based on "DAO organizations" has gradually developed, with numerous examples defined as Venture DAOs, such as Moloch DAO, DAOHaus, MetaCartel, MetaCartel Ventures, bitDAO, ForceDAO, CultDAO, and The LAO, among others. However, most of these capital forms remain at the "DAO community" level and have not achieved breakthrough changes in traditional decision-making systems and economic models.

An ideal decentralized capital model that aligns with the core values of blockchain should, like Bitcoin, be boundaryless and permissionless—a decentralized consensus protocol "based on cryptographic proof rather than centralized trust." It should break capital privileges and realize fairness, democracy, and freedom in protocol capital. It would replace the market functions of traditional capital in aspects such as value, efficiency, and organizational collaboration.

The world has never been inherently fair or free, which is precisely why fairness and freedom are so precious, drawing countless passionate individuals and visionary scientists to fight for them. Over the past 200 years, innovation and invention have accelerated exponentially, surpassing the achievements of the past 1.5 million years of human history. As Asimov predicted, humanity's future lies among the stars and the universe.