Blog
Why we are building a fairer way to fund and sell creative work.
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Who Posts the Bond? The One Change Pieces Made to the Dominant Assurance Contract
In Alex Tabarrok's original dominant assurance contract, the entrepreneur posts the bond that pays backers when a campaign fails. Pieces delegates that assurance to an open pool anyone can join, and that one change is what makes the mechanism practical for creators.
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If You Trade on Polymarket or Kalshi, You Already Know How to Bond
Bonding on Pieces, translated for prediction market traders: how a bond pool works like a share price, the breakeven probabilities, why moving the odds is allowed here, and the honest pros and cons of the switch.
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If You Collected NFTs to Support Artists, Bonding Is What You Were Reaching For
Why bonding on Pieces is the natural next step for NFT collectors: the same early conviction, on-chain settlement, and upside, pointed at funding new work instead of trading finished work, and why that does more for artists.
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Four Stakes, Four Endings: A Bonder's Field Guide
A walkthrough of bonding on Pieces through four scenarios: the full pool, the underfilled pool that pays a larger share, the pool you cannot enter, and the near-miss failure, with exact numbers for what the bonder walks away with in each.
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Why Would Anyone Stake Money on Someone Else's Campaign?
What bonders actually do on Pieces: why they stake their own money on a creator's campaign, what they earn from the kickback when it funds, and what they lose when it does not.
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A Dominant Assurance Contract Example: One $100 Piece, Both Outcomes
A worked example of a dominant assurance contract with real numbers: a $100 funding goal, a $10 bond pool, and exactly what the creator, backers, and bonders walk away with whether it funds or fails.
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"Just enough to make it to the next show"
The story behind Pieces: why digital creators stopped getting paid what their work is worth, and the dominant assurance contract that can fix it.
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