Thread by @_kinjalbshah

1/ Collector DAOs are having a moment - here's why I think they'll evolve into digital powerhouses alongside museums, galleries, and historical institutions

I'll cover
- formation
- curation vs. investment
- types of Collector DAOs & more

2/ Most Collector DAOs were formed in the last year, I may be missing a few, but here’s the lay of the land:

3/ I find the guiding principles to be admirable

@FingerprintsDAO was formed on the basis that the smart contract, not the token, is the art.

@whale_community is an attempt to disrupt the traditional “collector” industries by creating a social token backed by high-value assets

4/ One of my faves @MUSE0DAO

“Today, NFTs often float aimlessly across the Internet, lost in a sea of tweets or trapped on commercial platforms and marketplaces. There is a lack of institutions built to cultivate, gather & enshrine NFTs so that they have a more permanent home"

5 / The common thread across many DAOs is ultimately curation

But in curating, what are we really doing? Investing? Qualifying? Providing a platform?

Perhaps it's all of the above

6 / Some collector DAOs are focused on a particular community like @MeebitsDAO or @SquiggleDAO where users find common threads by connecting through a collection or category of art

7 / Others, expand beyond collecting NFTs. Many of these DAO will also:

- Commission works from prominent NFT artists
- Rent out their assets
- Fractionalize their works and manage the growth
- Incubate projects
- Provide a means to showcase artwork

8 / Collector DAOs are also a way to crowdsource purchases of a larger NFT collection, bring together the top minds in the NFT space, and provide open access to this emerging class of art

9 / Whether it's for a particular collection, artist, or another narrative - all DAOs need a core mission and guiding values

10 / Although we’re in the infancy, I imagine over time they will differentiate through:

- Investment criteria and theses
- Types of communities they support (e.g., Squiggle DAO + generative art)
- Membership
- Community
- Curatorial experiences

11 / Today, we have a tiny group of individuals participating in a handful of communities.

but in a world where investing in culture is increasingly mainstream, collector DAOs have a chance to become the new tastemakers

12 / Collection really comes down to curation.

With the internet - anyone can become a curator.

But with web3, curators get rewarded for their curation via ownership

13 / If you want to keep up with collector DAOs, follow these groups:

@PleasrDAO
@FLAMINGODAO
@squiggledao
@FingerprintsDAO
@whale_community
@MUSE0DAO
@herstoryDAO
@MeebitsDAO
@BeetsDAO

let me know who I'm missing!