1/ NFT discussion series by @paji_a #16: "What is a DAO? - The NFTJPN Journey Part 6" #NFT #NFTcommunity #anime #japan #pajiEnglish #NFTJPN
2/ Today, I'll continue discussing "What is a DAO?" in preparation for NFTJPN's conversion to a DAO. How can a DAO as an organization go beyond a company?
3/ Today, we will take a deeper look at *things* among resources such as *people*, *things*, and *money*, which are important when an organization moves toward the realization of its vision.
4/ The DAO theory I write here is only my "ideal DAO in NFTJPN". Even if it does not fit the definition given here, I think there should be a variety of DAOs in each community.
5/ I would be happy if you could use our case studies and many other findings as material for thinking about your own "DAO".
6/ Among resources, things are socially valuable assets that have been accumulated through the organization's activities or procured with money.
7/ Whether it is a company or a DAO, defining things as common property can be utilized by community participants, outside companies and people, and can be an effective means to achieve the vision.
8/ Among things, physical real estate and movable property are difficult to digitize, so it will be some time before DAOs are able to handle them in earnest. Examples of things that are currently easy to handle are intellectual property
9/ that can be exchanged digitally. For example, open source programs, patents, and character IP fall into this category, and it is easy to understand when looking at Nouns, which is said to embody Web3 and DAOs.
10/ The characters that are produced daily at Nouns.wtf and sold for over 10 million yen each are IP = things that can be used commercially without permission declaring "CC0".
11/ Furthermore, the source code that keeps the Nouns service itself running automatically is also open-sourced and can be copied and used. Very much in the Web3 spirit.
11/ Furthermore, the source code that keeps the Nouns service itself running automatically is also open-sourced and can be copied and used. Very much in the Web3 spirit.
12/ Even in companies, some companies are realizing their vision by defining *things* as common property. For example, Wordpress, which spread blogging around the world, is operated by a corporation called Automattic Inc.
13/ When sharing things of an organization, a little ingenuity is needed to create a difference between a stock company and a DAO. This is because it is necessary to provide functions unique to DAOs and blockchain that cannot be provided by companies.
14/ For example, a good example would be a system in which *objects* are licensed based on a resolution by participants using governance tokens.
15/ It is also likely that things themselves will be represented by NFTs, ERC20 tokens, etc., and that adding value to data will become a trend in the future, even in the context of Web3.
16/ For example, the rights to something can be elevated from mere information (data) on the Internet to data that has a value of its own.
17/ The shared use of the resource of things is an excellent match with the Internet community, and the "CC0" adopted by Nouns can be used commercially without the need for permission.
18/ This is a revolutionary measure that will reduce the bottleneck of global distribution of things to zero, and will be chosen by all organizations, not just DAOs, if necessary to realize their vision.
"19/ To summarize so far, we can say that the shared use of resources in an organization
People: human minds are difficult to share
Things: Shared use does not depend on organization type
Money: Can be shared through the use of blockchain
"
People: human minds are difficult to share
Things: Shared use does not depend on organization type
Money: Can be shared through the use of blockchain
"
20/ From this, it seems important to dig deeper into money in order for DAOs to surpass companies as an organization. To be continued next time.
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