The underlying technology that makes NFTs possible (blockchains + smart contracts) continues to prove useful in a widening array of applications.
From loyalty programs to token-gated restaurants, and everything in between.
It’s fascinating to watch NFTs become integrated into business models that strive to turn customers into communities and Day One is yet another example of a company to do this.
I had the chance to interview Andrew Hutton, the co-founder of Day One, a community-focused virtual school for entrepreneurs in diverse stages and interests, about their approach of incorporating NFTs as part of their public crowdfunding campaign and beyond.
Andrew co-founded Day One after working on the build side of a venture studio, advising entrepreneurs to help them start and grow their businesses. During that time, he worked with hundreds of founders and became fascinated by the process of what it took to go from nothing to something in business.
After 3 years of this work, Andrew began thinking about his next step and realized that in Venture Capital, it’s very much a 1 in 100 or even 1 in 1,000 chance of investment and support, so he decided that he wanted to build a “spiritually and fundamentally similar place for entrepreneurs to get resources, community, coaching, guidance and learning that [founders] would get from a VC, but democratize the process.”
You can check out upcoming Day One tracks here.