Fam allows artists, labels, collectives and fan clubs to bootstrap a shared pool of capital via memberships which can be used to fund various projects and ideas.
The concept of a shared, global bank account that any member can leverage is a powerful idea and unlocks many possibilities for groups that want to coordinate around a shared mission. Empowering community members to manage a shared wallet and decide how to use its assets fosters a deep sense of psychological ownership and also provides individuals with the chance to fund creative projects that would be otherwise challenging to achieve on their own.

How it works

Founders can sell membership NFTs at a fixed price, with the revenue from each membership being split between the founder(s) and the community pool. Anyone who holds a membership is a co-owner of the shared community pool and is able to propose and vote on onchain activities.
As the community pool grows members can create forum-style posts that trigger onchain actions. For this first version of Fam communities will be able to send funds and create/collect NFTs on Zora. This enables communities to collaborate on projects and ideas they are passionate about and bring them to life using onchain tools and protocols. Some examples of activities communities can do collectively using Fam include:

• Funding live events, concerts, festivals or parties
• Providing creative grants to underrepresented artists
• Releasing a song, album or music video
• Collecting and curating NFTs together
• And more

When an activity is posted anyone who holds a membership NFT is able to upvote an activity and if the minimum amount of members upvotes a post can be executed onchain after the cooldown period elapses. The cooldown period allows founders to reject any posts that are malicious or not aligned with the communities values.