Summary in 7️⃣ parts of "The ABCs of DAOs" by @theomarcu at @oneseventwonine for @scribeDAO 🧵👇 #ScribeDAOCanon
TL;DR DAOs offer a new way to create community lets look at a 101 introduction to these exciting projects
TL;DR DAOs offer a new way to create community lets look at a 101 introduction to these exciting projects
1/ As of today DAOs have just around $16b (up from $1b in June when the article was written!) on their balance sheets, with the biggest generating huge interest from professional and retail investors alike.
Open-Orgs.info
Open-Orgs.info
2/ What are DAOs and why are they important?
DAOs are a new type of internet-native entities that are governed by a constitution enforced by blockchain technology.
This advancement in entity structure is arguably as big a step forward as the first Limited Liability Corporation.
DAOs are a new type of internet-native entities that are governed by a constitution enforced by blockchain technology.
This advancement in entity structure is arguably as big a step forward as the first Limited Liability Corporation.
3/ How do DAOs work?
Through automatically executing smart contracts DAOs reward and coordinate contributors & are able to adapt and self govern through achieving consensus on new amendments to the DAO.
Through automatically executing smart contracts DAOs reward and coordinate contributors & are able to adapt and self govern through achieving consensus on new amendments to the DAO.
4/ What are some interesting DAO projects? The best place to start is @Cooopahtroopa's tweets here:
Some select projects are: @Uniswap @BitDAO_Official @gitcoin @LidoFinance @compoundfinance @AaveAave @MakerDAO @iearnfinance @OlympusDAO @scribeDAO
https://twitter.com/Cooopahtroopa/status/1477044828743475200?s=20
Some select projects are: @Uniswap @BitDAO_Official @gitcoin @LidoFinance @compoundfinance @AaveAave @MakerDAO @iearnfinance @OlympusDAO @scribeDAO
5/ DAO Tools - This list is growing fast as DAOs mature but to name a few: @gnosisSafe @juiceboxETH @viamirror @voteWithTally @SnapshotLabs @coordinape @AragonProject @boardroom_info @mintgate_io @poapxyz @Collab_Land_ @metaphor_xyz
6/ What is the legal status of DAOs?
The article states that only Wyoming, US & Malta, EU passed legislation in April that allows DAOs to register as LLCs.
AFAIK this has changed and up to date info can be found here: hackmd.io/@LinXule/BywFK…
The article states that only Wyoming, US & Malta, EU passed legislation in April that allows DAOs to register as LLCs.
AFAIK this has changed and up to date info can be found here: hackmd.io/@LinXule/BywFK…
7/ What’s next for DAOs?
Niche but growing DAOs offer a new way to organise as such use cases will be varied. Check out these to get some ideas:
Fashion @RTFKTstudios
Virtual Real Estate @MetaOasisDAO
IRL Property @RealExDAO
Social @FWBtweets
Sports @KrauseHouseDAO
Niche but growing DAOs offer a new way to organise as such use cases will be varied. Check out these to get some ideas:
Fashion @RTFKTstudios
Virtual Real Estate @MetaOasisDAO
IRL Property @RealExDAO
Social @FWBtweets
Sports @KrauseHouseDAO
This has been a thread for @scribeDAO summarizing “The ABCs of DAOs" Read the full article: 1729.com/daos
Come and Join us to start your own Scribe journey
You can read the unrolled version of this thread here:
typefully.app/u/greg_hannam/…
typefully.app/u/greg_hannam/…
This article features on @a16z's DAO canon. Check out their full canon here: future.a16z.com/dao-canon/
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