48: Crowd Owned Sports Teams & The Future of Professional Sports // Krause House
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48: Crowd Owned Sports Teams & The Future of Professional Sports // Krause House
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Krause House is a Decentralized Autonomous Organization (DAO) governed by a community of fans, basketball lovers, and purists. Their goal is to purchase & operate an NBA team as a DAO. Today, Krause House is the first DAO to buy a professional basketball team as owners of the Ball Hogs, an American men's 3-on-3 basketball team that plays in the BIG3 league.
Together, Krause House will write the consensus rules that will bring the first fan-governed team to the NBA. The collective of ambitious contributors whose goal is to own an NBA team describes the underlying mission of DAOs in its purest form: Difficult by one, achievable by many.
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