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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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Breaking Barriers: Jur’s Vision for the Future of Web3 Governance at Polkadot Decoded 2023

14 Aug 2023

Breaking Barriers: Jur’s Vision for the Future of Web3 Governance at Polkadot Decoded 2023

As the popularity and understanding of blockchain and Web3 technology grows, the annual Polkadot Decoded event continues to attract more interest from across the globe. This year, JUR's representation by CEO Alessandro Palombo and newly appointed CTO Alessio Treglia was a standout, with their detailed and engaging presentation on the future of decentralized governance – and JUR's pivotal role in it. In his insightful opening discourse, Ale focused on the explosive potential of Web3, a potential he sees as extending beyond the realms of technology and into the very fabric of our future societies. He drew upon the transformative growth trajectories of giants like Google and Bitcoin - ubiquitous technologies that were once merely humble concepts, but today have become integral to many of our daily lives. In the same vein, Ale explained how he sees Web3 as a cornerstone technology that will redefine how we view and manage public life and governance. The decentralization offered by blockchain and Web3 technologies allows for the creation of systems that are more equitable and just, where decision-making powers lie in the hands of the many, not the few. In this sense he believes that DeFi, NFTs, and DAOs are only the beginning of an ever-expanding system with the power to revolutionize governance. (He explained for example how NFTs currently operate at less than 0.1% of their real potential). Ale then explained how he anticipates that the next big revolution will be in the realm of governance. He astutely pointed out that with public expenditures making up a significant portion of a country's GDP, there is a pressing need for more streamlined and efficient governance in our daily lives. As the digital life we lead every day continues to evolve, he recognized a growing friction with the services managed by public organizations. He drew an analogy with the transition from traditional mail to email, emphasizing how the inherent superiority of email as a medium has rendered traditional postal services almost obsolete. In the same vein, he predicts a future where Web3 and governance would undergo a similar transformation, becoming a foundational technology that shapes the public life of communities. Technical Insight: Embracing Polkadot's Capabilities Taking over the stage, CTO Alessio shared his technical insights into JUR's platform. He enlightened the audience about one of JUR’s most innovative initiatives, the Society DApp. The lauded, user-centric application targets communities who require a greater degree of flexibility than current DAOs can offer, such as influencers, Twitch streamers, sports clubs, Web3 groups, NGOs, and Network States united around a common cause. While acknowledging the utility of DAOs for shared financial objectives and their success in fund management, Alessio emphasised how societies are distinct. They are founder-led and put people first, following the principle of one person, one vote. In this sense, a society member's financial status or asset ownership does not influence their membership or voting power. He then presented a direct comparison, highlighting that while DAOs usually have a token-based voting system, Network States prioritize membership. Unlike DAOs, Network State governance can be more centralized, but the governance model is defined by the actual citizens or members themselves. In addition, while DAOs primarily focus on managing funds or assets, societies can manage certain aspects of life. Further, Alessio introduced the audience to the alpha version of the Society DApp itself, urging them to sign up for the hotly anticipated beta release. He explained how the platform is designed to simplify the process of creating societies: users can assign names, roles, and invite members. They can also establish the foundational principles, norms, traditions, and customs that define their society, allowing it to be fully prepared for when members join. One of the standout features Alessio directly referred to was NFT passports – a unique and borderless membership proof within the community. Society founders can mint these ‘access keys’, which can be customized extensively, signifying a member's status and validity within the community. He then explained how Jur has made creating societies easy, allowing founders to assign specific roles and establish the foundations, such as values, norms, traditions and customs. He also touched on the rewarding badge system – which acknowledges member contributions, serving as the basis for a versatile and effective reputation system. Lastly he broke down how societies can raise funds that are administered by a committee of delegates, who manage treasury expenditures and provide transparency and accountability to the founders and community members. With the Society Dapp, Alessio demonstrated JUR's commitment to creating flexible, decentralized platforms that put people first. By catering to a diverse range of communities and focusing on individual members over financial assets, JUR is ushering in a new era of decentralized governance. Ale then took back over, discussing the Open Justice system – the first web3-based legally binding arbitration system, which will be testing its pallets publicly over the coming weeks and months. He gave a dynamic example of its use-case, namely with DAO treasuries. When a payment is made for work delivered, but it isn’t performed to satisfaction, there is very little recourse. Jur will allow a neutral third party of vetted arbitrators to assist with decision makers – forming just one of multiple dispute resolution systems to assist with problem solving (which will include different levels of legal enforceability including an online hearing if needed).  JUR's Ambitious Roadmap for the Future The pair didn't stop at presenting their vision and the technical prowess of the JUR platform – also providing a sneak peek into JUR's ambitious roadmap for the upcoming year. One of the major shifts includes JUR's brand new substrate solo chain, which is now live and running with its first validators. Ale took the opportunity to cordially extend an invitation to those interested in becoming a validator, encouraging them to reach out via Discord. He also explained how holders would now be able to easily swap their VeChain-based JUR token to their new $JUR token, native to the new chain.  Additionally the pair mentioned the well-received Society Award part of the new DApp, which has already garnered participation from 53 different teams (and counting), representing a staggering 500,000+ society members. Something it was clear that the team are extremely proud of as the project continues to rapidly scale.  Bringing the Future Closer As the Polkadot Decoded presentation concluded with a round of applause, it was clear that the JUR team had left a significant mark on the attendees. The discussion by Ale and Alessio brought forward a potential future where Web3 is central to public life, and a world where decentralized governance isn't just a concept, but a beneficial reality. In this future, JUR stands as a beacon, leading the way with its dynamic platform and robust security offered by the Polkadot network.  Watch the full, exciting presentation 👇 https://youtu.be/6pAod8XUdX0

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