By Li Jin and Lila Shroff

...

As an alternative to platform-funded UCI, crypto could also be used to implement more transparent and democratic forms of artist funding. In a podcast conversation, Collab.Land founder James Young describes a decentralized autonomous organization (DAO) that could sell fractionalized NFTs and use the proceeds to fund grants for emerging artists, who would, in turn, give the organization a portion of their social tokens as a form of collateral.

Another implementation could be that a community treasury could use a portion of its holdings to fund a UCI program...

By Li Jin and Lila Shroff

...

As an alternative to platform-funded UCI, crypto could also be used to implement more transparent and democratic forms of artist funding. In a podcast conversation, Collab.Land founder James Young describes a decentralized autonomous organization (DAO) that could sell fractionalized NFTs and use the proceeds to fund grants for emerging artists, who would, in turn, give the organization a portion of their social tokens as a form of collateral.

Another implementation could be that a community treasury could use a portion of its holdings to fund a UCI program...