Founded by emerging leaders from Solana Labs and COLLINS, NATION aims to bring billions into crypto through a platform that creates a seamless user and customer experience.
In March of 2022, NATION launched as a single-page project from Diego Segura (COLLINS, Waybridge) and Ryan Shea (Solana Labs). Aid for Ukraine, a cross-community effort from leaders at Everstake, Solana Labs, and the Ukranian Government, then used the platform to raise over $3M for humanitarian aid from contributors around the world through a DAO — a digital autonomous organization. Shea, Segura, and Abhinav Godavarthi, returned to NATION in July in a full-time capacity to pick up where NATION’s platform left off and work on redefining DAOs.
NATION's updates to their platform aim to abstract complex technicalities for DAOs while simplifying on-chain interactions. It enables communities to create multi-sig wallets, manage contributions, and fundraise using fungible or non-fungible tokens in minutes.
NATION's new admin panel simplifies countless web3 technologies into an easy to use interface. Keep track of latest contributions, active proposals, and members in one dashboard. Customize your page to keep your community updated. Manage wallets, funds, and proposals.
It's akin to how Shopify simplified the creation of e-commerce sites, or Squarespace and web-based portfolios.
Within the admin panel, NATION allows a DAO to create fungible or non-fungible tokens. People can sell NFTs to raise funds, distribute NFTs to reward members, or issue fungible tokens in exchange for contributions.
Staying true to NATION's origins with Aid for Ukraine, the new admin panel enables anyone to launch a custom landing page hosted by NATION. Customizing the page is easy for users, regardless of their experience with web3.
Along with the new interfaces, NATION's performance updates make it one of the fastest DAO platforms in web3. Using performant indexers, NATION is built for user experience at the forefront.
With Timber sDAO, NATION and Slow are bringing a hard asset (income-producing timberland) on-chain, leading to increased liquidity of the underlying equity. DAO participants can join a community on NATION where their tokens represent ownership of a hard asset through the sDAO legal framework pioneered by Slow.
Clay Robbins, Partner at Slow Ventures, claims that “crypto’s ability to lend liquidity to the vast majority of physical world assets — which today are hard to trade, and thus left out of modern finance — represents a major, long-term opportunity.”
sDAOs are similar to traditional LLCs that hold ‘hard assets’ (like land and IP), but use crypto rails that enable tokenized ownership. This creates a liquidity advantage by enabling investors to sell their shares (after a 1 year hold period) much more easily. Slow DAO Hard Asset Manager, LLC (“Slow”) has created an entity called Slow DAO Hard Asset Manager, which established the sDAO format, and forms and manages sDAOs.
So far, they have done an initial test 700K USDC sDAO, which purchased land in Montana in August 2022. The Timber sDAO, their second sDAO, has some structural improvements based on learnings from sDAO 1 with a goal to produce and distribute income to owners from the sDAO ownership of timberland.
“Whether it's a community managing non-profit donations, a filmmaker fundraising for their next production, or an investment firm purchasing a real-life asset, this is a paradigm shift for how people — and resources — come together to make an impact,” said Ryan and Diego. “It's fundraising with an ownership layer. That ownership layer changes everything.”
“DAOs — communities built around sharing ownership — can redefine how humans convene.” said Ryan Shea and Diego Segura, the founders of NATION. “They have the opportunity to cohere all of the technological primitives in Web3 toward something easily understood by all: communities gathering around a cause.”