An Upstream Collective is a virtual community hosted on Upstream that holds shared funds in an ethereum wallet.
Members contribute money to the Collective to join and then vote on proposals to decide how to use the funds. When a proposal passes, the decision is recorded on the blockchain.
Upstream Collectives act as the front-end to the community’s shared ethereum wallet and make it easy to vote on proposals and submit your own.
In summary, an Upstream Collective is an easy-to-use community tool built on the blockchain to help you make decisions, pool money, and take actions in a way that is equitable, efficient, and transparent.