Example - A Private Fund

A private fund can hold ownerships of anything from the off-chain world that is neither in an immediately tradable format nor in an established marketplace, an ideal vehicle for VC and angels.

A private fund can hold the ownership of anything from the off-chain world that is neither in an immediately tradable format nor in an established marketplace, ideal for VC and angels. It is by nature, discretionarily managed, and the integrity of the operation is key. The INK Products Module attaches rules regarding outflowing proceeds to make sure they strictly go through the managing DAO’s governance structures.

When used properly, such a fund format can become a SPAC-like (Special Purpose Acquisition Company) acquisition vehicle, a powerful “raise first and build up later” scheme that can target collectible arts, film production rights, or metaverse assets.

InkEnvelope’s abstraction power enables complicated fund management details to be fully encompassed within the Envelope structure, making such funds available to regulated crowdfunding institutions or regulated on-chain auction houses.

The following illustration shows a managed fund intended to acquire and hold different real-world artworks after the proceeds are raised: