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TrendsVC PRO 0079 – DAOs
DAOs
Developments.vc
Markets and Concepts
Developments #0079 — DAOs
The Developments.vc No-Code NFT (#0079) from the Meta Developments assortment.
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“If you want to go fast, go alone. If you want to go far, go together.”
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Why It Issues
DAOs make it simpler for teams to:
coordinate
face up to highly effective enemies (i.e. nation-states)
and permissionlessly rewrite the principles of fictional entities (i.e. companies)
Drawback
Teams face geographical, political and operational coordination challenges.
Answer
DAOs are a method for teams to align pursuits and manage to achieve shared targets.
Gamers
Protocol DAOs
ENS • Readable Web3 usernames.
Uniswap • Decentralized trade.
Curve • Stablecoin liquidity swimming pools.
Funding DAOs
Seed Membership • Builds and invests in communities.
Her Home • Educates and invests in womxn.
International Coin Analysis • Group of learners and traders.
Collector DAOs
HerstoryDAO • Incubating tales of marginalized crypto creators.
PleasrDAO • Buying culturally important NFTs.
Whale • Social forex backed by uncommon NFTs.
Analysis DAOs
Water & Music • Constructing a information to the music enterprise.
ResearchHub • Accelerating the tempo of science.
VitaDAO • Researching, financing and commercializing longevity analysis.
Social DAOs
FWB • Cultural membership powered by Web3 artists, operators and thinkers.
Developer DAO • Accelerating training and influence of Web3 builders.
Meta Gamma Delta • Society supporting women-led tasks.
Service DAOs
Raid Guild • Decentralized collective of Web3 product builders.
MetaFactory • Produces “digiphysical” items that join worlds.
Media DAOs
Forefront • Content material and insights aggregator.
BanklessDAO • Serving to the world transfer in the direction of a way forward for better freedom.
NFT DAOs
Nouns DAO • Every noun offers the proprietor a vote in treasury governance.
Loot Homeowners • A lore-driven DAO devoted to world-building round Loot.
17707 • A collectively-owned CLONEX NFT. Opposing Nike’s fractionalization ban.
Who to Comply with
Vajresh Balaji • SuperLayer
Patrick Rivera • Mirror
Sneub.eth • Past
A Wiseman • Shiny Object Social Membership
Cheriehu.eth • Water & Music
Sha.eth • Developer DAO
Spinks.eth • CMX
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Predictions
VC-backed protocols can be adopted by DAO-native protocols. Aggregators might seize a lot of the worth. Assume Google Flights for DEXes, NFTs and DeFi loans.
Uniswap was adopted by SushiSwap. Zapper aggregates.
OpenSea was adopted by LooksRare. Genie aggregates.
Compound was adopted by Aave. Pickle aggregates.
NFT DAOs will thrive. One NFT, one vote. As an alternative of 1 token, one vote. See the Nouns DAO. Financial worth of NFTs is uneven. Governance worth can be equal.
Liquid democracies will result in nuanced insurance policies. Do you help reproductive rights and gun rights? No drawback. Delegate your vote to your self. That is direct democracy. Or delegate to a protocol politician. That is consultant democracy. Both might be accomplished exterior of N-year time period home windows. It is a liquidity democracy. See ENS delegates.
Search Fund DAOs will emerge. PartyBid is a device used to purchase particular NFTs as a gaggle. We’re a small step from specifying NFT standards as an alternative of particular NFTs.
DAOs supporting social causes will turn out to be frequent.
ConstitutionDAO didn’t win their bid however Abolition in Progress gained the Declaration of the Anti-Slavery Conference.
#CryptoCookout got here from seeing brown CryptoPunks constantly on the ground.
FreeRossDAO is a SubDAO of PleasrDAO geared toward releasing Ross Ulbricht.
Alternatives
Construct instruments for DAOs.
PartyBid helps teams purchase NFTs
Colony makes it simple to start out a DAO
Juicebox helps fund folks and tasks
Snapshot is a decentralized voting system
Past is a group of instruments for Web3 communities
Coordinape helps scale communities and incentivize participation
Supply providers to DAOs. Vajresh and Adam assist DAOs with mechanism design.
Work for DAOs. See this DAO-specific job board.
Supply academic assets round DAOs.
Rabbithole teaches expertise akin to token swapping and lending property
Thirdweb helps you construct Web3 tasks
BuildSpace presents stay classes
Crowdsource contributions with bounties. See Forefront, Seed Membership and Uncommon Blocks. Layer3 aggregates bounties.
Dangers
Good Contract Threat • The DAO, BadgerDAO, FWB and others have been compromised. How “Lindy” is your DAO? Are your sensible contracts battle-tested and/or audited?
Social Engineering • A CityDAO admin was hacked. Then his account was used to trick group members. The hacker snagged 29.67 ETH.
Key Classes
Progressive decentralization helps DAOs transfer quick. They decentralize as programs stabilize.
DAOs and NFTs are primitives. Constructing blocks. We have now but to see the complete potential of trustless coordination (DAOs) or digital shortage (NFTs).
Sizzling Takes
DAOs ought to deal with digitally-native use instances first. Webvan misplaced by chasing grocery supply too early. Instacart got here a decade later. Wikipedia, a brand new kind issue, was carried out earlier than we disrupted pre-existing fashions. Digitally-native DAOs have unsolved issues. Sort out these earlier than taking goal at Uber and Airbnb. ConstitutionDAO would have needed to remedy custody and safety issues in the event that they gained the bid. To not point out the data drawback that stood of their method. We’ll get there. However let’s deal with new kind elements, like AMMs, as an alternative of making an attempt to exchange Uber proper now.
Governance token holders will vote to reward themselves over time. See Yearn. They not too long ago revised tokenomics. The proposal handed with 99% approval. Brantly says ENS token holders have been airdropped duty. Not free cash. Time will inform. Like different governance token holders with decision-making energy, ENS holders might choose to seize some worth. The dialog has began. It takes two-thirds approval and no less than 1% of participation to vary the ENS DAO Structure.
Ethereum and Bitcoin are DAOs. Essentially the most decentralized, autonomous organizations on the earth.
Haters
“These are not unstoppable organizations. They can be stopped.”
Does the Chinese language authorities wish to cease Bitcoin? Most likely. Can they? Most likely not. The US authorities fought cryptography. Unsuccessfully. DAOs have the Streisand impact on their aspect. Martyred DAOs might come again stronger.
“What’s wrong with centralization?”
Nothing. Most often. Corruption, waste and regulatory seize in others.
“Barriers to entry are still high.”
See the diffusion of improvements. Apart from consciousness, monetary inaccessibility and poor UX slows adoption. Assume early cell telephones and laptops. They have been finally democratized.
Hyperlinks
Who ought to I discuss to about DAOs? • The tweet behind this report.
DAOs will not be leaderless • On why most DAOs will not be “flat.”
DAO Primer • Panel dialogue led by a16z.
Associated Experiences
Paid Communities • DAOs are hyper-aligned teams.
Social Tokens • “Vibes” are the first utility of some DAOs.
Fractional Possession • This concept isn’t new. We will study from the previous.
Crowdsourcing • Bounties assist DAOs crowdsource concepts and implementation.
Fairness Crowdfunding • DAO members make investments money and time.
Thanks
Thanks Vajresh Balaji, Shane Neubauer, A Wiseman, Candace Stewart, Michael Carter, Kevin Galang, Vic Kalchev, Ken O’Friel, Roald Larsen, Lu Doan, Kevin Deol and Sam Hickmann. We had a good time jamming on this report.
What else?
Developments PRO #0079 — DAOs has extra insights.
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What you’ll get
- 8 Protocol DAOs (166% Extra)
- 6 Funding DAOs (133% Extra)
- 5 Collector DAOs (66% Extra)
- 5 Analysis DAOs (66% Extra)
- 5 Social DAOs (66% Extra)
- 4 Service DAOs (100% Extra)
- 4 Media DAOs (100% Extra)
- 6 NFT DAOs (100% Extra)
- 16 Folks to Comply with (128% Extra)
- 10 Predictions (100% Extra)
- 10 Alternatives (100% Extra)
- 5 Dangers (150% Extra)
- 5 Key Classes (150% Extra)
- 8 Sizzling Takes (166% Extra)
- 10 Hyperlinks (233% Extra)
- 23-minute audio episode with unique DAO tales, insights and alternatives.
With Developments Professional you’ll study
- (Professional) launch a DAO?
- (Professional) design a token-gated group?
- (Professional) design and execute airdrops?
- (Professional) How are DAOs utilizing treasuries?
- (Professional) What are SubDAOs?
- (Professional) How do treasury swaps work?
- (Professional) How will DAOs serve DAOs
- and much more…
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