It's a pleasure to have Safe Ventures join the @MezzanineLabs cap table. We believe that the future is self-custodied, globally-accessible, and completely portable. Your financial accounts should not be locked-into a single bank or institution. In 2021, almost four years ago to the day, we created a 9-of-13 Gnosis Safe to kick off my first major project in crypto: @ConstitutionDAO. The signing threshold was VERY secure, but also symbolic: the Constitution's ratification required 9 of the 13 states. All of the signers self-doxxed (nothing to hide!) to provide confidence to the community. The Safe controlled the @juiceboxETH contract that allowed us to raised well over $40 million of ETH in just 3 short days. We got a lot of surface-level criticisms: "Why not use a bank account?" or "Isn't that just like kickstarter?". To answer these questions requires a fair bit of skepticism about the power structures that dominate our financial systems today. Isn't it odd that your bank can arbitrarily deny you access to your own money? Isn't it concerning that a wide-spread political movement could have their funds seized by a rogue government? The concept of "self-custody" simply means that you own your own bank account. It goes with you anywhere. You don't have to rely on an institution. You can flee your country with your assets without asking for approval. Wallets provide this to individual people... But what about GROUPS of people? That's where the @safe protocol comes in. You can easily co-own and co-manage a pool of money with a very flexible ownership structure so that no single person has full control of the team/community/company funds. I believe Safe's multisig helps enshrine a human freedom first explicitly stated in the US Constitution: The Freedom of Assembly. We have a long history of exercising this right in the assembly of peaceful protest, religious assembly... but the assembly of money and resources? That is your right too. Unfortunately, this right has been trampled countless times. Simply forming a bank account with a group of people with shared interests requires a long list of documents, registrations, and IDs. Do organization REALLY have the freedom to assemble capital? With Safe multisigs, they do. This is why Safe Multisigs are at the center of the infrastructure that we're building at Mezzanine labs. It's a self-owned, portable "bank account". My team at @MezzanineLabs is building a hugely ambitious platform, which we're excited to share more about soon. We've got some of the best investors in the industry. We've got multi-billion dollar clients. We're integrated with banks and stablecoins. We're leaning on my experience as a previous founder who's also done a ton of things in TradFi. And we're got a hugely ambitious roadmap. I have never been more excited for the future of Mezzanine Labs. Over the years, a lot of people have asked me when I'm going to launch "The Next ConstitutionDAO." I remind people that the "next big thing" doesn't look like the last big thing. Mezzanine, powered by Safe, will help the next generation of international onchain organizations. My goal is to launch and support onchain organizations that make ConstitutionDAO look like a tiny footnote.
Introducing Safe Ventures: Backing winning teams that accelerate self-custody Self-custody isn't just important for crypto's future—it's the only path forward. Without it, we're just rebuilding traditional finance with extra steps. We believe self-custody at scale is inevitable, and we're backing exceptional founders that will make it happen.
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