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Tim Draper Launches The Bitcoin Native Nation on Jur
Tim Draper Launches The Bitcoin Native Nation on Jur

31 Aug 2023

Tim Draper Launches The Bitcoin Native Nation on Jur

Draper Nation is a new Bitcoin-native, digital nation, built from the ground up, founded by the legendary Silicon Valley Investor Tim Draper where bureaucracy-free governance is powered by citizens through decentralized decision-making. The waitlist to become a Draper Nation citizen is now open. Your NFT passport will provide access to benefits, rewards, and recognition. Draper Nation is bootstrapped with the support of Draper Associates, Draper Venture Network, Draper Startup House and Draper University, whose alumni have created over 750 companies and collectively raised more than $950M. Draper Nation is built on the Jur Network, where Tim Draper participated as an early investor. Alessio Treglia, former CTO of Ignite/Tendermint (the company that launched the blockchain-interoperability protocol Cosmos), recently joined Jur as CTO.  Jur recently hosted a Startup Society Founders’ Awards for community builders, influencers, DAOs, and innovators to experiment with new societal models. Founders participated from over 50 teams representing 0.5 million community members. Tim Draper, the legendary investor in Silicon Valley, has launched a new digital nation. This nation is guided by the vision of creating a community-led, Bitcoin-native society from scratch, where governance is free from bureaucracy and decisions are made through decentralised processes by citizens. By 2030, Draper Nation aims to become a decentralised powerhouse with physical cities where you can effortlessly invest, own property, and pay taxes—all in Bitcoin. "The Internet has already revolutionised many industries. What is a government if not a collection of insurance policies? About 80 percent of the government functions as a form of insurance. With a Bitcoin economy, all of this could become virtual."  Tim Draper https://www.youtube.com/watch?v=MStqShryreA&t=2474s Draper Nation offers a new realm of opportunities for collective growth and privileges, supported in the initial bootstrapping phases by the Draper Network. The network includes Draper University, which has seen over 750 companies founded by alumni collectively raise $950M in capital, and Draper Startup House, which maintains 25 embassies across 5 continents.  With the backing of the Draper Network, the new citizens of Draper Nation will have access to unparalleled resources and mentorship, scholarships to Draper University in Silicon Valley, lectures from leaders of top companies in the Draper Associates portfolio, demo days, online accelerator programs, exclusive events, and other perks which will be made exclusively available to Draper Nation citizens each season.  The waitlist is now open for those interested in becoming Pioneer Citizens. Contributors in this first season will shape the direction of the nation and experience its growth firsthand.  Jur recently launched its chain and dApp, making it easy to create Web3-native societies. Recently, Alessio Treglia (formerly CTO of Ignite/Tendermint, the company that launched the blockchain-interoperability protocol Cosmos) joined as Chief Technology Office (CTO): "After focusing on infrastructure for years, I'm excited to support Jur Network's growth. I believe decentralized governance is the next big thing in Web3 and can enhance the status quo. Draper Nation demonstrates how Jur's technology can bridge physical and virtual worlds, creating a transformative impact." Vikram Bharati, Founder of Draper Startup House comments "Draper Startup House is thrilled to pioneer a digital frontier in global governance, spearheading the innovation of a novel network state with Bitcoin at its transactional core. We're delighted to collaborate with JUR on this groundbreaking project." About Tim Draper Tim Draper founded Draper Associates, DFJ, and the Draper Venture Network, a global network of venture capital funds. Funded Coinbase, Baidu, Tesla, Skype, SpaceX, Twitch, Hotmail, Focus Media, Robinhood, Athenahealth, Box, Cruise Automation, Carta, Planet, PTC and 15 other unicorns from early/first rounds. He is a supporter and global thought leader for entrepreneurs everywhere, and is a leading spokesperson for Bitcoin and decentralization, having won the Bitcoin US Marshall’s auction in 2014, invested in over 50 crypto companies, and led investments in Coinbase, Ledger, Tezos, and Bancor, among others. He is regularly featured on all major networks as a proponent for entrepreneurship, innovative governance, free markets and Bitcoin, and has received various awards and honors including the World Entrepreneurship Forum’s “Entrepreneur of the World,” and is listed as one of the top 100 most powerful people in finance by Worth Magazine, the top 20 most influential people in Crypto by CryptoWeekly, #1 most networked VC by AlwaysOn, #7 on the Forbes Midas List, member of the Global Guru 30 Startup Gurus in the world, and #48 most influential Harvard Alum. About Draper Nation By 2030, Draper Nation (www.drapernation.com) will become a decentralized powerhouse with physical cities where you can effortlessly invest, own property, and pay taxes – all in Bitcoin. Draper Nation is the ultimate online “Coordi-Nation.” After you mint your NFT passport, your citizenship gives you access to participate in initiatives to earn rewards and grow with us! You’ll engage in seasons to unlock badges that grant access to our unique social recognition system, open to anyone with an internet connection.

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Alessio Treglia: Unlocking New Frontiers in Web 3.0 Through Jur’s Network States

19 Jul 2023

Alessio Treglia: Unlocking New Frontiers in Web 3.0 Through Jur’s Network States

This article forms the second part of the insightful conversation between Stuart (AKA the Wordsmith) and Alessio Treglia, the new Chief Technology Officer (CTO) at Jur. In this second half of the interview, the pair go into detail about the world of governance applications and Alessio’s vision for how he can help lead the company into its new bold era to create the building blocks for decentralised governance. If you missed the first exciting part, we encourage you to read it here. As the conversation continued Alessio began to dig into how decentralised start-up societies and network states could evolve to help improve our current societal systems. He highlighted the fact that everything, including the Web3 world, is embedded in governance - even if many don’t realise it, stating how, “Web3 promises to revolutionise the financial system. However, even the systems of Web3 are governed through regulation. Governance is everywhere.”  Alessio continued to elaborate that the fundamental structure of our financial system and economy form the base of our society. Therefore, the way we want to trade with each other is based on rules, and as such governance helps us trade fairly. The CTO then explained how he believes governance lies at the heart of every organisation – it allows individuals, organisations and countries alike to come together and write the rules when a common interest is at stake. The conversation continued to highlight the importance and virtue behind governance, often helping rivals to reach common ground. “We want to write the rules so even rivals can sit down and agree on a basis for fair trade,” he said. “At the heart of governance lies a solid foundation for transparency and shared values.” Alessio’s wise words highlighted the widespread positive application that systems such as Network States can provide if implemented well - ensuring fair arbitration for almost any dispute or issue, as well as the discovery of common ground.  The pair continued on to discuss how there are many areas where one could focus and solve a particular problem in the public expenditure scenario using effective governance, given the fact that – as Alessio explained – across the world, 40% of the GDP is usually managed by a centralised government for public expenditure.  Governance in that sense gives the public certain guarantees they need, and encourages them to take part in the democratic process perpetually. The conversation then expanded on this detail further through the example of Public Goods. Alessio explained how, “making money as a public good is not easy. They are deemed to be used as a right [by citizens]. They feel entitled to use it as a right. For example, public infrastructure, such as roads and highways, are used by everybody. However, there is always a business behind that.” As such governance of these public goods is crucial to maintain a cohesive and supportive society and can help circumvent issues by providing effective compromise solutions in a way that is agreed upon by all –such as paying highway tolls. Stuart then started to dig deeper into Jur’s mission to build the infrastructure for Network States, starting by helping viewers understand what one is in its simplest form. Although the fundamental concept is not often easily understood at this stage of its infancy, Alessio had the perfect explanation. He began by drawing similarities between a Decentralised Autonomous Organisation (DAO) - which is a largely understood system in the Web3 space, explaining how, “the answer is very simple. A DAO is a subset of a Network State. [It is] an organisation of individuals and entities, all with some common interest - usually financial - who congregate…to pool resources together.” A DAO effectively helps a group of individuals to make decisions together through a decentralised democratic process on the blockchain. Alessio further expanded on this by stating, “[In a DAO] you bring capital to the party. You put capital at risk and then become a member of that DAO.” A Network State therefore is a superset of this use case that doesn’t rely solely on capital risk. The CTO concluded the explanation brilliantly by drawing parallels to members of a country. “[You are] a citizen…not because of the capital you possess, but for other reasons. You can be poor, but you would still be considered a citizen, and a potentially valuable one. The concept of a state is not a membership and is not dependent on capital,” which is exactly what a Network State is - a social community with an aligned mission for collective actions that operate through an on-chain social contract without requiring a physical territory.  With the definition of a Network State solidified, the conversation then shifted to the aspirations for Web3 ecosystems and how Jur will make a significant contribution to its growth and development. Alessio explained how Jur has already been playing a crucial role in the ecosystem in terms of building the technology and infrastructure for Network States as they continue to gather more use cases on a daily basis. “We don’t contribute by lending our expertise or experience,” he said. “Instead, we create building blocks and then create use cases on top of those blocks.” Indeed Jur prides itself on creating connections and asking the exact question that Alessio outlined: “What is the big problem for organisations and corporations in terms of governance?” and then assisting those seeking the technology required to structure their organisation in an efficient manner.  Stuart then wrapped up the engaging conversation by posing the new CTO a key question: “With your experience in building tech infrastructure and governance, what are your plans for decentralised governance?” Alessio responded by stating, “We [Jur] have new use cases coming to us on a daily basis, and the more use cases we have - the better equipped we are.” Again the response showed how Alessio has his finger on the pulse of Jur’s ethos. Building a constant influx of new use cases is crucial in growing the project’s knowledge in the space in regards to what organisations need, allowing it to by extension grow its toolbox and scale faster. Overall, the fun and insightful conversation revealed a lot not only about the CTO’s past, but also its future vision – particularly as it continues to unveil the infrastructure for Network States and provide burgeoning organizations with better choices and support, using innovative blockchain technology.  Alessio concluded by stating, “Our vision is to empower people and societies to have a governance system come to [system-based] conclusions on-chain by leveraging our comprehensive tools. Although you can’t predict what democracy 2.0 or 3.0 will look like, you can start building the blocks to create it.”  And that is exactly what Jur intends to do as it gives power back to the people. 

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Alessio Treglia: Stepping in as CTO of Jur and Shaping the Future of Web 3.0

30 Jun 2023

Alessio Treglia: Stepping in as CTO of Jur and Shaping the Future of Web 3.0

This article marks the first instalment of an engaging conversation between Stuart (AKA the Wordsmith) and Alessio Treglia, the newly appointed Chief Technology Officer (CTO) at Jur. In this insightful discussion, they delve into Alessio's fascinating background and his alignment with Jur's mission and governance philosophy, as evident from his insights on the importance of governance and its role in building successful organisations. You can explore the continuation of this enriching dialogue between Stuart and Alessio in the second part here. Jur – a leading name in the decentralised technology world – has put its best foot forward with the appointment of Alessio Treglia as its new Chief Technology Officer (CTO). Known for his profound expertise in blockchain technology and governance, Alessio brings an innovative vision to his new role. To introduce him to the community, he took part in an in-depth interview with popular industry writer and journalist Stuart M (AKA the Wordsmith), where the two spoke in depth about Alessio's ideas and the strategic direction he plans for Jur in the vibrant Web 3.0 ecosystem. At the start of the interview, Alessio shed some light on his personal history and professional background. Starting his journey in software development at a very young age, Alessio highlighted the influential role that open-source played in his career development: "I started making software when I was a kid,” he explained. “I was very little and I started with open source. For me it was a means by which I could learn about systems and technology." Alessio further expanded on his career trajectory, explaining his transition from software development to working as a consultant for various non-government organisations and foundations. His early experiences were not just confined to software development however; he was also part of influential open-source projects. “[After University] I was working, and living in Italy – I'm from there originally – as a contractor, and as a consultant for a lot of non-government organisations and foundations,” he told the Wordsmith. “I was making a lot of software, collaborating with companies like Ubuntu, Debian. [These were] perhaps the very first open-source projects that I started collaborating with." Certainly Alessio’s reveal of his association with projects that represent stalwart pillars of the open-source world, also subtly showcased a great deal about his competency and passion for technology – as well as being no stranger to working on complex, large-scale, and influential projects. However it was his move to London that Alessio's feels allowed his career to undergo a dramatic transformation. The city’s diversity offered him an expansive landscape to explore and learn, far beyond his previous experience as a systems developer. He recalled how, "Coming to London… gave me the possibility to experience quite a diverse set of things…I started to work on so much more." This period of his career saw Alessio dip into multiple sectors. In 2013, Alessio served as an engineer for one of Facebook's strategic partners, where they launched one of the first products that leveraged Facebook FBX for retargeting technology. Alessio then evolved to become a specialist Linux engineer, with the position allowing him to apply his technical skills in a different domain and further broadened his growing expertise. Ever curious, Alessio continued to evolve, moving on to the sports gambling industry, where he developed algorithms for making betting predictions, before becoming both a consultant and vice President of Engineering for various top-level companies. Some time later Alessio found himself in the financial sector – specifically markets operations technology, humorously remarking how, “the funny thing was I didn’t know much about finance.” This didn’t last long however, and after gaining a ton of experience in the sector, Alessio moved over to Blockchain technology, which he felt was “the natural next step.” After meeting some influential figures in the space – such as Jae Quon, founder and CEO of Tendermint– Alessio became once again curious about development. Indeed Alessio enjoyed a 4 year tenure at the company – a lifetime in the rapid-paced sector – first as a consultant and working his way right up to CTO, during which he actually created the first financial proof of concept application model based on Tendermint Core.Impressive stuff indeed. This glimpse into Alessio's background is illustrative of his commitment to technology and collaboration, both of which have prepared him for his new role as CTO of Jur. Indeed it was fortuitous for Jur that after leaving Tendermint and having burned the candle at both ends for many years – that Alessio took a well-earned rest, using the time to study and decompress – and actually learned about the project, which piqued his interest due to it being reminiscent of much he had learned in the financial sector. “The main subject [there] is governance…and when you build a business, governance is crucial, it’s a pillar,” Alessio explained. “You can’t build a financial organisation or a tech company without having a governance that makes people incentivised to stick together…and deliver value,” He then added with a laugh, “that’s an almost twenty year career, condensed into four minutes.” Certainly Alessio’s viewpoint on governance is spot on with both the individualistic and collaborative values that Jur’s Startup Societies and Network States hold – being a core tenant of the project’s ethos. The pair then discussed Alessio’s contributions to Tendermint in more detail, and the new CTO recounted one challenging yet pivotal period that was completely transformative for the company. "Back in 2021, the organisation was going through changes. A number of sub-companies formed, people left to join other organisations to work on what they wanted," he recalled. At that point, he was among the few remaining engineers. But this unique scenario presented Alessio with an unprecedented opportunity. He elaborated, "I was given the possibility to experiment, to try to build a team from the ground up. I had never been in that position before, I must admit." With this, he brought to bear his philosophy on nurturing high-quality individuals, understanding that good engineers can learn and adapt. "Although they might not know something today,” Alessio explained, “if they're interested…and really want to build what they want to build, then they’ll learn.” And it was this approach to fitting the perfect people into the perfect positions – despite many of them being junior engineers – that led to a remarkable turnaround. "In one year, we ended up being one of the three largest engineering organisations in the whole Cosmos ecosystem," he added with clear pride in his voice, underlying the success of his approach in dynamic team building and fostering a culture of collaborative learning. The conversation then shifted to Jur itself. “Obviously [the company] is very glad to have you onboard, but…can you perhaps share a little more about what made you want to join and how its missions maybe align with your own goals and interests?” Stuart asked. “It’s actually very simple,” replied Alessio, and then dived into how Bitcoin showcased how financial systems could be set up to work differently, but come with inherent promises such as transparency, accountability – and importantly – governance. Yet governance is the most ignored of all by those within the sector. “Not because people don’t care,” Alessio explained insightfully, “but because governance [represents] a very diverse set of very difficult problems. [Also] there is a conundrum because you want fairness, but you also want performance, and you have to strike a balance.” Of course this is exactly what Jur is trying to achieve with its citizenships to various Startup Societies and Network States; and it was this attempt to solve these core humanistic issues through blockchain technology (which stands a better chance of facilitating it than any other system that has ever come before it) which drew Alessio to the project. (Fun fact - Alessio originally offered to help Jur find a CTO, but was so energised by the company’s values and ethos, that he took the job himself!) Stuart and Alessio continued their exciting discussion, diving ever-deeper into the world of governance application and the new CTO’s vision for how he can help lead the company as it marches into its bold new era. But sadly you’ll have to wait for the next article to get those juicy insights – coming next week! Keep your eye on our socials to grab that link the moment it drops, or come back here where it’ll be posted right below when it’s live! We humbly ask you to share this article with friends and family, so more can learn about Jur’s pioneering journey into newer, better ways to govern emerging societies. After all, collective support and organic growth are two of the core pillars of who we are - and we appreciate each and every person who supports our vision of a brighter future. Thank you!

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Solo Chain & Token Swap Announcement

04 Apr 2023

Solo Chain & Token Swap Announcement

Polkadot India was an exceptional event! It was a pleasure for us to participate, and we strongly believe that it showcases the enormous potential of Polkadot.  We'd like to share an important strategic update with you. As you may have noticed, there have been some recent changes in the supply and demand dynamics of Polkadot's parachain slot auctions– now held monthly. Numerous projects, including Jur’s partners, routinely participate in auctions to initiate or renew their parachain leases. We have decided to launch Jur Chain as a solo chain first to ensure operational celerity. This will enable us to complete the $JUR token swap much sooner, without having to wait for the successful outcome of an auction. Similarly, this strategy ensures that Jur does not have to overspend on a slot in order to carry out the token swap or execute product delivery promptly.  Holders of $JUR will soon have the ability to migrate their tokens to the Jur Chain. The token swap dApp is now production-ready and will undergo end-to-end testing on the solo chain. We understand it's a hassle. However, keep in mind that Jur will participate in a crowdloan soon. This strategy is intended to guarantee a fast token swap independent from market dynamics.  We anticipate becoming a parachain in the near future and joining forces with other partners and projects in the space. With more than 51 societies attending the award, totaling 430K+ cumulative members, we are proud to build with our focus on our users. The Jur team has been working relentlessly towards this goal. Stay tuned for our announcement on the launch of the Jur Chain! 

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<strong>How To Prepare Your Startup Society Pitch</strong>

23 Mar 2023

How To Prepare Your Startup Society Pitch

Tim Draper, Ed Hesse, and Trent Mc'Conaghy will select five winning pitches for the Startup Society Founders’ Awards. Each winner will receive $2,000 USD plus 1,000 $JUR to support their startup society. Anyone can enter but to win, your society proposal needs to be clear, attractive to others, and realistic to achieve. Let’s talk about how to set up the basic structure to support a winning pitch: To enter, you will fill out a form to describe your startup society concept (which takes less than 2 minutes). In order to craft a winning proposal, you should focus on addressing the following questions: Why would people want to join your society? Does it have broad appeal with values that are common to many people? Or perhaps your society would only appeal to a narrow niche, but your citizens would be passionately committed. Is your goal useful and achievable? How could your society benefit citizens in a way that is realistic? When someone asks “what’s in it for me.” the answer should be something that is meaningful to them and something your group could really deliver.  As you consider your answers, try to imagine what someone could say that would get you excited about an idea like yours. Remember a time when you felt inspired reading about a similar vision? Strive to capture and share that creative energy.  You can also join the Jur community on Discord to talk about Startup Societies in general and get reactions to your specific idea. An Awards Committee will evaluate your concept and assign a score of 1 to 5. The ten highest-scoring proposals will be shortlisted for evaluation by the judges. Each founder on the shortlist will get support from the Jur team to refine their pitch for the judges. The judges will score the pitches on three criteria: desirability, feasibility, and viability. In other words, do people want a society like this? Can the goals of their society be achieved? Do the goals bring substantial benefits so that their society will endure?Pitch your Startup Society now!

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Understanding Polkadot Crowdloans: What Are They, How They Work, & How To Participate

06 Feb 2023

Understanding Polkadot Crowdloans: What Are They, How They Work, & How To Participate

Polkadot Parachain Auctions Polkadot Crowdloans are used to increase projects’ bids in Polkadot Parachain auctions. Parachains are parallel blockchains that connect to the Polkadot Relay Chain. To connect to the Relay Chain, projects must lease a parachain slot by staking DOT tokens. Slots are offered in an auction process. Projects that stake the highest amount of DOT tokens win the opportunity to lease a slot for a defined period of time by leaving their DOTs in the staking module. Projects can acquire DOT with their own funds and stake them to bid, but there is also another option: the crowdloan.  What is a Polkadot Crowdloan and how does it work? A Polkadot Crowdloan is a mechanism that allows anyone to support a project’s parachain auction bid by locking DOT tokens in a crowdloan module. DOT tokens staked through crowdloans can be added to the project’s own staked DOTs to increase the total staking bid for the auction. Parachain auctions last one week. Crowdloan campaigns also have specified start and end dates which are defined by the project. If there is a crowdloan open when an auction period closes, the DOTS staked in that crowdloan can be applied as a bid for the auction. Once a crowdloan campaign period ends, if the project has not won an auction, the staked DOTS are returned to their owners. However, if the project’s stake is sufficiently high to win a slot during the campaign period, all the DOTs in the staking module will remain locked for the entire duration of the lease.  Why participate in a  Polkadot Crowdloan? Projects usually offer a direct reward for participation. The most common form of reward is a payment in project tokens, often made at the end of the staking period. Crowdloan participation is also a way to signal support for a project that you believe in. Crowdloans offer projects and their supporters a way to support the Polkadot ecosystem, win a parachain slot, and start a flywheel of reciprocal support. The individual supports the project and Polkadot and the project reciprocates with project tokens, encouraging and helping the individual to participate in the project.  How to participate in a Crowdloan? Some projects may offer dApps(decentralised applications) DAPPs or access to centralised exchange features for participating in crowdloans, but the least expensive way will usually be to use the Polkadot.js browser extension with the Polkadot.js UI wallet. You will also need to buy some DOT, which is easy to do with fiat or crypto on Binance, Coinbase, and Kraken and you can also buy DOT with USDC on Kucoin and Bybit. Once you have purchased DOTs and sent them to your Polkadot.js address, you can use the Polkadot.js wallet to participate in the crowdloan. Navigate from the top menu to Parachains, select Crowdloans from the second Menu Bar, then locate the project you want to support and click contribute. Your wallet can support multiple accounts, so you will need to specify the account you want to use. Then select an amount of DOT between the minimum and maximum shown on the screen. Make sure that subtracting your contribution from your total balance will leave at least 1.1 DOT in your account. You must maintain a minimum balance of 1 DOT and there will be a small transaction fee.  It is easy to install the Polkadot.js wallet (only available for Firefox and Chrome). Once you have one of those browsers set up, just download the extension here and then follow the prompts on the screen to add an account and store the key.

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