Funding Web3 Bit By Bit

BitDAO’s core strategy is to support the growth of web3 through a process they call ‘fractal expansion’ (which is basically a fancy way to say investing). This is where BitDAO uses treasury assets to fund and spin-off Autonomous Entities (AE) that operate within different crypto-sectors and to partner with other entities through token swaps. AEs are specialized sub-organizations that pursue their own dedicated mission to grow the web3 ecosystem. For example, BitDAO allocated $200 million to fund zkDAO, an AE dedicated to growing the zkSync ecosystem. Further, BitDAO encourages AEs to spin off their own sub-AEs, thereby creating a fractal network of projects with BitDAO in the center. Ideally, when the AE matures, they will begin to send funds to their parent AE, and eventually to the BitDAO treasury itself. BitDAO could then use these funds to seed more projects, potentially creating a positive feedback loop that drives value to BIT token holders, who govern the DAO. Simply put, BitDAO invests in projects and seeks to earn returns on those inv