(2021-07-06) 15 Ways The World Is Being Transformed By Daos

15 Ways the World is being Transformed by DAOs. It’s difficult to understand just how revolutionary Decentralized Autonomous Organizations (DAOs) are unless you’ve attempted to navigate financial regulation, set up a payroll or establish a charity.

Developer Collectives

BadgerDAO is a community dedicated to bringing Bitcoin to DeFi, especially the provision of $BTC collateral

Gitcoin is an ecosystem of developers and contributors all collaborating as a DAO to build the decentralized web.

API3 are building a multi-chain compatible network, governed by an Aragon DAO, to incentivize API operators to serve their own oracles. This is made possible by free and open-source middleware called Airnode that connects any web API directly to any blockchain application.

Worker Collectives

Raid Guild and dOrg are invoking this ancient tradition of worker collectives in their design and development agencies, focused on Web3

Art Collectives

KnownOrigin is an NFT marketplace that tested the concept of an art DAO in 2019 with OsakaDAO.

Community Collectives

Zebpay have launched a female-led DAO, powered by Aragon. New members are admitted by majority consent and any vote must achieve a 60% consensus to pass. The DAO is currently working on a project to help rural Indian women set up solar panels to mine bitcoins as a route to financial independence and empowerment

DisCO is a ‘Distributed Cooperative Organization’ that is distinguishing itself from the dispassionate, transactional nature of many DAOs and using an Open Enterprise Governance Model to coordinate commons-oriented work, rooted in feminist economics

To filter out luke-warm members, KarmaDAO uses a token to permit access to its gated Telegram group and FWB (Friends with Benefits) does the same for its Discord Group. Aragon recently partnered with the Witnet decentralized oracle to provide off-chain, ‘optimistic’ voting for DAOs via Discord using only emoji reactions.

Metaverses / Virtual Worlds

Decentraland claims to be the first fully decentralized metaverse, having thrown away the private key to its founding smart contract.

Asset management is perhaps the most crypto-native use case for DAOs: it also promises the biggest capital allocation. The efficiencies that are captured by DeFi’s low friction architecture translate into relatively high interest rates for stakeholders and investors who want to earn a yield on their capital.

DecentralizeWSB is a nascent attempt to structure the r/WallStreetBets movement into a DAO where investment strategies can be voted on and executed

PieDAO provides crypto asset management in the form of index trackers and yield-bearing ‘PieVaults’.

Venture Capital

Closely resembling a small family office, AngelDAO consists of four founders with equal voting rights who pool their skills to identify and manage investment opportunities within distributed systems and decentralized finance.

VentureDAO is a sub-DAO of the MetaCartel ecosystem that distinguishes itself from traditional VC firms by offering relatively small funding rounds to crypto-native projects, but with a lot of additional support to build strong user communities

DuckDAO are going further by building out an entire ecosystem of yield farming, staking and NFTs around their incubator service

Insurance

UnoRe is partnering with Aragon to develop a reputation-based DAO to manage a system of reinsurance

DAOs can function as virtual trust funds that only require an Ethereum address to get started. Such easy access throws open the doors of finance to younger generations

Company / Project Fundraising

DAOs satisfy all of the requirements of purposeful organization as identified by EY Ireland: engaged leadership, integrated purpose, clear communication, aligned incentives, empowered employees, established core values, performance indicators, and belief. DAOs can even use KPI options to incentivize performance.

VitaDAO: DAOs are especially useful in areas where the current incentive models are actively working against the goals of society. The best example of this is the realm of intellectual property

Human Capital Contracts

In 2013 the start-up Upstart allowed students to sell a percentage of their future income in exchange for a capital investment. In crypto, Ben Gravis was the first person to tokenize himself on the Zap protocol

Spencer Dinwiddie, point guard for the Brooklyn Nets, has pioneered the space by being the first athlete to tokenize himself on Ethereum.

Fan-ownership of sports clubs (spectator sports) is already well established and armies of fans are growing more powerful by the day as the recent despatch of the European Super League testifies

Freeholder / Co-Living / Nomad Communities

Separate households living in a single building or apartment complex often operate insurance or ‘sinking’ funds to mitigate any joint liabilities. These are often structured quite awkwardly as limited liability companies or trusts that require quarterly reporting and can accrue significant compliance costs.

In their 1999 book, ‘The Sovereign Individual’, Davidson & Rees-Mogg expounded a thesis that the microprocessor would facilitate the transfer of power away from centralized authorities back to individuals. AirBnB epitomized this trend when they empowered property owners to rent out their spaces on short lets via a mobile app

Media / Entertainment

Steemit was one of the first projects to use its own token to reward contributors. Satellite went a step further and launched on-chain publishing, where articles and comments are all signed by a wallet to verify the author. Mirror.xyz is another platform that now offers collaborative publishing, which sounds like the genesis of an entirely decentralized media organization

Politics

anything from a community litter picking group, to neighborhood security, a city balloting initiative or even a nationwide system such as EstoniaDAO.