Get details
Rug Radio was born out of an idea Farokh had during a long chat on Twitter Space in September 2021. Frustrated by recurring technical issues, he jokingly named the Space "Rug Radio" in crypto slang. brunei business email list The name stuck to this day and inspired the concept of a new media company.
Farokh envisions a platform owned and operated by creators and fans rather than centralized intermediaries. He believes that existing social media giants such as Facebook are not adequately rewarding creators for the value they provide.
Farokh recruited a small team to flesh out Rug Radio’s plans, including adopting a DAO structure. Over the course of two months, they developed a roadmap, governance model, and minted NFT artwork for the upcoming “Genesis” series.
carpet radio website
In January 2022, Rug Radio hosted a successful NFT sale to raise funds to hire staff and cover initial operating costs. Half of the proceeds are locked in the DAO vault to fund future growth.
Over the next six months, they transitioned into a community-governed DAO, with an initial council helping establish a governance framework related to partnerships, creators, and token economics.
Laying the foundation for a new community media model.
Carpet Radio DAO
Rug Radio is a decentralized autonomous organization (DAO) that is community-governed by token holders.