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Peter Yang Profile picture
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12 Oct, 6 tweets, 3 min read
You all seem to be as curious about DAOs as me so here are 5 links to explore further...
1/ @AnnikaSays wrote a 3 part series on her DAO journey.

It's a great measured take on how to contribute to a DAO:
annika.mirror.xyz/p3_DJ6t7FlVgeg…
2/ @rafathebuilder wrote an excellent step by step guide on how to create a DAO with a list of tools that he used.

I've been looking for this type of guide for a long time:
creators.mirror.xyz/862A5rBtKX3BC8…
3/ @patrickxrivera walks through the lifecycle of a tokenized community as part of @cryptosocietyS1 (oops should've signed up).

Top notch stuff as usual:
4/ If you want to see DAO governance in action check out @SnapshotLabs which has a list of DAOs and proposals for each.

Feel free to join a few DAOs in this list as well:
snapshot.org/#/
5/ Finally, you're welcome to join my community for beginners (including myself!) to learn about web3.

We are talking to @dabit3 this Friday. Tap below to join:
discord.gg/Wn4wn6Sbkk

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More from @petergyang

Peter Yang Profile picture
11 Oct
What is a DAO?

Let me try to explain using an example:

Imagine that you want to work for a hot tech startup...
1/ Instead of applying for a job, you can just join this startup's Slack with one click.

There's no real onboarding - you see dozens of channels right away.

It's overwhelming but you start exploring...
2/ You introduce yourself and another person reaches out.

They point you to two different ways to work for this startup:

1. Bounties
2. Teams
Read 12 tweets
Peter Yang Profile picture
29 Sep
New to web 3 and want someone to "explain like I'm five" how crypto works?

I've written a single post that breaks down:

1. Web 3
2. Blockchain (wallets and keys, proof of work vs. stake)
3. Tokens
4. Bitcoin
5. Ethereum
6. NFTs
7. DAOs

Let's dive in...
creatoreconomy.so/p/curious-begi…
1/ What is web 3?

Let's compare web 2 to web 3:

Web 2 is the internet today. It's dominated by middlemen that extract value from creators and users by sitting in the middle.

Web 3 is built off a peer-to-peer network of computers that talk to each other without middlemen.
2/ Learn more about web 3:

@cdixon on why web 3 matters:


@patrickxrivera on crypto fundamentals:
docs.google.com/presentation/d…
Read 35 tweets
Peter Yang Profile picture
18 Sep
My 5 fav links from learning about crypto this week:

1. Best video explaining blockchain
2. Ethereum, ether, gas
3. Proof of work vs. stake
4. Follow the rainbow
5. A community friendly to beginners

Read on...
1/ What is blockchain?

I watched 20+ videos and this is the single best one (from @anders94).
2/ How does ethereum, ether, and gas work?

@ethereum.org's developer docs explains all this clearly:
ethereum.org/en/developers/…
Read 7 tweets
Peter Yang Profile picture
16 Sep
Stripe is THE platform behind the platforms in the creator economy.

I asked Ellen and Connor from @stripe about:

1. How Stripe powers creator platforms

2. What Stripe vision is for the creator economy (and does it include web 3?)

Here's a breakdown...
creatoreconomy.so/p/stripe-in-th…
1/ Twitter is dominated by hype cycles and FOMO.

Stripe is not.

Instead, the company is building "boring" infra to help creators get paid by fans in 100+ countries.

Boring but game changing.
2/ Payments is really hard.

The table below highlights all the challenges.

No business or creator wants to deal with all this stuff just to move money from point A to B.

Stripe doesn't mind "being the plumbing." Image
Read 9 tweets
Peter Yang Profile picture
13 Sep
I think the way to address the "top 1% of creators make all the money" problem is to:

1. Shift the focus from creator to community
2. Let fans share in the upside
3. Help fans become creators

Consider this scenario...
1. A creator sets up a community for their fans.

2. Fans earn community tokens and NFTs if they're early supporters or put in the work to grow the community.
3. These tokens and NFTs grow in value with the community. Creators AND fans share in this upside.

4. Fans are empowered to co-create content in the community.

5. Some fans create their own communities and the whole loop starts again.
Read 5 tweets
Peter Yang Profile picture
11 Sep
Here are my 5 favorite articles and videos from learning about crypto this week.

Check it out (especially if you're a beginner like me):
1/ A three minute clip on why web 3 matters from @bhorowitz.

"Crypto has one feature that has never existed before - trust."
2/ Crypto fundamentals deck introducing core concepts from @patrickxrivera that I still reference often.
docs.google.com/presentation/d…
Read 6 tweets

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