Looking back at the trends in regards to web3, 2020 was the year of DeFi, 2021 was the year of NFT and crypto games, and 2022 will see a bigger focus on DAO.
DAO is an abbreviation for "Decentralized Autonomous Organization," which translates to "autonomous decentralized organization" in Japanese. If you hear that much, you might be thinking, "What? In simple terms, it's like a company without a president.
A DAO is an organization in which members autonomously provide value and promote the business toward the realization of the mission without the presence of managers such as shareholders, executives, or directors (the organization part can also be referred to as a community or company, and is sometimes called a DAC).
Is it possible to do this without a boss or leader? The most famous DAO is the Bitcoin project, which has grown to a market capitalization of nearly 100 trillion yen thanks to the contributions of miners around the world, even without a leader named Satoshi Nakamoto.
In a DAO, there is a core developer (contributor) who presents the direction of the project, and basically, the members of the DAO vote on the choices presented by the contributor, and the decision is made and things move forward.
In this note, we will discuss the reasons why DAOs are attracting attention nowadays, examples of DAOs, how they work, and their possibilities and challenges.
■Table of Contents
Why DAO Now? ・We are moving from users to stakeholders ・Owning cryptocurrency means participating in the DAO ・It opens up the opportunity to earn a large financial return.
Features and challenges of DAO 1.Decentralized organization with no administrator 2.Highly transparent organization that anyone can join 3.Challenges of DAO
Introduction of the main genres of DAO with their representative DAOs
・Friends with Benefits (FWB) ・FORE FRONT ・Uniswap ・Flamingo DAO ・Gitcoin ・RaidGuild
Tools for operating a DAO, from start-up to operation 1.Setting up a DAO 2.Treasury management of DAO 3.Governance management of DAO 4.Communication of DAO 5.Tools for managing compensation payments to DAO members 6.Tools to restrict access to DAO for each user
DAO is a pervasive world, we embrace the metaverse Meta, a VR-oriented company, and Niantic, an AR-oriented company, aim to create their own metaverse. DAO is eating the world.
Why DAO now?
Looking at the history of the Internet so far, I can say that DAO is an inevitable trend. I will briefly explain the reasons for this.
We've gone from users to stakeholders
Before we look at the future where DAO will become the norm, let's look back at the past of the web. Here are some examples that come up often.
web1: companies provide content to users In the 1990s and 2000s, the Internet was known as the "web1", where we simply consumed content delivered by companies in a one-way fashion. Yahoo! and Google are the representative companies there.
web2: Users provide the content Since the year 2000, web2 has become more interactive with its improved infrastructure, allowing users to easily upload content.
The users themselves became the content providers, and the companies became the platforms that became the "places" for the content. This is where social networking companies such as Facebook, Twitter, YouTube, TikTok, etc. attract huge amounts of traffic.
web3: Users provide the platform This is exactly what the headline means when it says, "Users become stakeholders.
It is no exaggeration to say that most of the online content we spend a lot of time on is UGC (user-generated content), and we are already part of the operation.
In this way, users are contributing a great deal to the platform, but they are not getting much in the way of financial return. This is a problem that is becoming more and more apparent.
Since 2015, when this issue began to become apparent, blockchain technology has grown rapidly, allowing users to "own" digital content and design incentives for its use (smart contracts).
This enabled many blockchain projects to get early users and developers to own "tokens", a web3 version of shares, and motivated them to contribute to the value of the project.
For example, Mr. Vitalik, the founder of Ethereum, a blockchain app development platform, has held only a few percent of the company from the beginning, which is the exact opposite of the current concept of stock in a corporation.
Owning cryptocurrency means participating in the DAO
In other words, the cryptocurrencies such as Bitcoin, Ethereum, Tether, Solana, etc. that you are familiar with as you read this article are not really "currencies" but "tokens" of a project (or company). Holding them means you are a stakeholder in the project, and holding on to them is almost synonymous with being one of the contributors to the cryptocurrency project.
Because of the name "cryptocurrency" and its volatility, people tend to focus only on the price, but these are essentially tokens to reward contributors to a project.
In other words, if you own some kind of cryptocurrency, it can be said that you are participating in a DAO (there are many projects that are not really DAOs, such as BNB and Ripple, which are centrally managed.)
*There are many projects that are not really DAOs, such as BNB and Ripple that are centrally managed. Since the initial 0→1 process requires a lot of energy, many DAO's are funded by equity in the company and then engineers are recruited, and after the project is released, the company is funded by tokens, which are returned to the investors as a return, and then the company is settled. After that, the tokens are given back to the community or put in a treasury, and it is an ideal form of autonomous decentralized work without founding members. This is exactly what Bitcoin and Ethereum are.
If the value of the cryptocurrency (token) you own rises, there is a financial benefit, and this is where the motivation to promote the project arises. On the other hand, for major tokens that can already be purchased on exchanges, it is difficult to raise the value of the token to an extreme level unless a large amount of money is provided, and the expected upside is predictable.
But what about DAO tokens, which are still a few dozen to a few hundred people's project? If no one is aware of its future value yet, and you are the only one who feels it has potential, then the growth potential of the token is unlimited.
It opens up the opportunity to earn a large financial return.
-David Choe, who illustrated a wall inside Facebook
-Susan Wojcick, who rented her garage to Google as an office
-Charles Ayers, who was the 56th chef to join Google
-Hermes, who worked as a receptionist at YouTube
They are not engineers, designers, or founders, but they are people who contributed to the project through their skills and assets in the early days, went through stock options, and later became millionaires.
For example, David Choe was granted $60,000 in stock instead of cash by Facebook, which had no money at the time. It was worth over $200 million when it went public in 2012. .... Susan joined Google and worked her way up through the ranks to become the CEO of YouTube.
At first, you just happen to rent a garage, but becoming an insider of a great project can be a life-changing experience in itself. When it comes to Papa John's Pizza, you get 10,000 bitcoins for providing the value of just two pizzas.
Now, what if everyone could be David or Susan?
DAO is a way to get a piece of the ownership (token) by contributing your unique skills to a project of your choice, opening up the opportunity for unlimited upside.
This opportunity has been a privilege for a limited number of people in the early stages of a startup, and even if you are not, the paperwork for granting stock options and shares can be very complicated, but with DAO, anyone can earn tokens fairly and immediately based on their contributions.
web2 has produced many millionaires and expanded its ecosystem through the growth of startups. By extension, web3 will expand the opportunities even further, and the ecosystem will be many times larger.
Given that crypto is the fastest growing asset class in history, and considering its long-term valuation, I feel that it is almost certainly the future.
I myself joined BASE as the third employee and was granted stock options three times, but I left the company before it went public and had to discard my SO. At one time, BASE had a market capitalization of 300 billion yen, and I can feel the potential for that return as an original experience.
Another point is that people are becoming increasingly lonely, partly due to the influence of Corona, and are seeking to connect with each other in digital communities. I'll leave the in-depth discussion of this point to this article. ※It is currently available only in Japanese.
https://note.com/shinkinjo/n/n313609d35650
Features and challenges of DAO
I told you that DAO is attracting a lot of attention because we are both users and owners of the service, and we can get a great financial return by actively contributing to it.
I hope you felt that the trend of DAO is coming as the next trend after the current trend of web3 technology and the increasing number of millionaires from startups. In this chapter, we will delve into the features of DAO.
1.Decentralized organization with no administrator
As the word DAO implies, there is no president or leader, but rather a set of tokens that are used to distribute the ownership of the project to the developers, partners, users, and others who participate in the project based on their level of contribution.
The daily operations of the DAO are carried out in accordance with its own rules pre-programmed on the blockchain to realize its mission. The design of incentives based on this program (smart contract) has created a mechanism for people to work autonomously.
Any changes to the program during the course of the program will be proposed and voted on by the token holders, and updates will be made flexibly. There are also governance tokens that can be used as voting rights.
Both DAO and traditional stock companies do the same thing: they provide a service or product to the market and get paid for it.
The proceeds are put into a DAO account called Treasury, and how the proceeds are distributed is based on the rules of the smart contract and the voting process.
As the body type with DAO becomes more and more common, there will be two types of DAO: 1) the organization itself will become a DAO, or 2) there will be a conventional company organization and each project there will become a DAO. In any case, the current Japanese law makes it difficult to collect funds through tokens due to taxation issues.
2.A transparent organization in which everyone can participate.
Along with decentralization, another key feature is transparency. Since smart contracts are managed by the blockchain, basically anyone can see the program and its communication is usually open to the public.
Community management is often done on Discrod, and the conversations there can be viewed and traced by anyone. In other words, all internal conversations and emails are open to the public.
It is an organization that embodies the blockchain concept of "trust-free," which means that transactions can be conducted securely without the need for cumbersome procedures because trust is guaranteed (it is not "trustless" because trust is a prerequisite).
So if you're thinking of contributing to a DAO or buying tokens, you can check out what's going on in a potential Discord community to see if you should bet on it.
This kind of open and giving stance, including the concept of composability, is one of the characteristics of web3, and one that I personally feel strongly about.
DAO, which requires a Copernican shift from web2, is a very difficult management method for conventional companies to accept. It is quite possible that we will find ourselves in a state of boiling frogs, losing customers to web3 companies operated by DAO.
The DAO is an organization whose stakeholders are functioning at an unprecedentedly fluid level. In the past, economies developed from places where property rights were guaranteed and the cost of exchange was low, but with the DAO, a truly smooth society will arrive.
Imagine a country where private property rights are clear, strong, and efficient, but where all the wealth is concentrated in the hands of a few dozen families.
Over the course of two or three generations, this remarkable concentration of wealth becomes increasingly equalized. The family that initially monopolized the wealth would, as the generations passed, sell it to those who could manage it more efficiently than they could. After a century or two, a myriad of people with small fortunes becomes the norm, and large fortunes remain in the hands of a few wise families who somehow manage to keep them.
William Bernstein. The Birth of Affluence.
3.Challenges of DAO
I have mentioned only the positive aspects of DAO, but it is still in its infancy and there are still many issues to be addressed. As an autonomous and transparent organization, DAO is still in a phase that needs to be improved in terms of security, including in terms of social engineering.
3-1. Security issues One of the most famous and common sense cases is the hacking of $150 million worth of data collected from "The DAO" in June 2016 (at that time!). The DAO is a community of Ethereum users.
The DAO was a project where members of the Ethereum community pooled their money together to create an investment fund, and voted to invest in the project and make a profit, but the attention it received led to an incident where 1/3 of the money raised was extracted, and as a result, a hard fork was done to make the incident go away.
As a result, a hard fork was conducted to make the incident go away. This led to the emergence of the Ethereum Classic cryptocurrency. While reflecting on this incident, many projects have been created, but the concern of this vulnerability is still an issue.
This also goes to the issue of collusion in governance, where a few members with many governance tokens can collude to direct the DAO in a direction that is beneficial to them, rather than the interests of the entire community. The problem of fair voting, which is in fact a sham, is an urgent issue that needs to be resolved by 2022.
3-2. Complex operational issues Another more realistic issue is the business operations on DAO. The DAO is not suitable for sales, customer support, marketing and business development that require negotiations with partners. It is not suitable for marketing or business development that requires negotiation with sales, customer support, or partners. It is also not suitable for local projects, as communication in English is fundamental to its premise.
It will probably be a while before DAO replaces the highly individualistic work done by advertising agencies and salespeople. On the other hand, DAO is suitable for tasks that are simple in operation and scale globally. With this in mind, it makes sense that many of the most successful DAOs today are in the DeFi (distributed finance) space. This is an area where there is a global need, and where growth can be achieved through program improvements such as adjustments of fees and interest rate parameters, which may be a good target in the short term.
For example, MakerDAO, a representative of the DeFi project, is mainly engaged in loan intermediation, and the amount of DAI, a staple coin issued by MakerDAO, in circulation is approximately 4.4 trillion yen, making a significant impact by providing solid value.
3-3. Evaluation of competitiveness and disparity within the DAO Measuring and rewarding all contributions will lead to a more meritocratic allocation of resources, which is likely to lead to a large evaluation and reward bias. Contributions that do not show up in numbers cannot be evaluated well.
3-4. Cognitive overload There is a saying that the number of DAO bars is not the same as the number of Dan bars, but people's time is finite and their attention is limited, so there is a limit to the number of DAOs they can participate in.
3-5. Short-term speculative non-connectivity problem This is another issue that we feel is a big problem, and we foresee that many users will only work for short-term, financial incentives to acquire tokens.
We are planning to release the first version of the product in January. We are planning to release the first version of the product in January, and are introducing some of the most popular DAOs and tools in the Discrod community "YoursDAO". We will be granting advance access and distributing NFTs. Please be sure to introduce yourself when you join.
https://twitter.com/yoursdao/status/1481407017952546817?s=20&t=bRWBCTYhX6H-dtvyQJT5Zw
Introduce the major DAO genres with their representative DAOs
In addition to the aforementioned MakerDAO, many other DAOs are being created every day, but what types are there? Let's take a look at some of the representative DAOs.
Friends with Benefits (FWB)
It is the DAO that a16z invested in, as mentioned at the beginning of this article, and as such is often cited as a prime example of a DAO.
It is a DAO that advocates a "digital city" and a social community DAO that aims to create a cultural movement. It is a DAO for DAOs, with a wide range of activities that transcend the boundaries between online and offline, and it is a spin-off of a project to support creators.
In a sense, it is a gateway to the web3 renaissance, and I can't help but be amazed at the foresight of a16z, which took notice of this and invested 1 billion yen. Incidentally, to join FWB, you need to hold $75 worth of FWB tokens.
This kind of socially oriented DAO is classified as "Social DAO", and other famous ones are Seed Club, CabinDAO, Bright Moments, etc. Seed Club is a spin-out DAO of FWB, and also supports FORE FRONT, which I will introduce next. Seed Club is a spin-out DAO of FWB and also supports FORE FRONT.
FORE FRONT
FORE FRONT is a DAO classified as a "Media DAO", which as the name suggests is an aggregation site for Web3 content. The tagline "A digital hub that unlocks endless paths and avenues to the creative playground of Web3" is pretty cool too.
If you provide good content (submit it through the Discord channel) and it gets approved by stakeholders, it will be FEATURED on the top page and you can get FF tokens. The DAO is also raising funds and is actively looking for core members.
I think it's easy to understand the concept of FORE FRONT, where anyone can get rewarded for providing content. There are also other DAOs in this space, Bankless and DarkStar.
Uniswap
The most mature DAOs are the "Protocol DAOs" represented by Uniswap, Sushiswap, Compund, and DeFi such as MakerDAO. All of these are equally well known.
As the name of the protocol translates to "conventions" or "procedures," they are DAOs that have developed mainly around the DeFi Protocols, which are designed to automate their execution. In other words, it is the most mature genre of DAO.
It is a DAO that has led the DeFi Summer with the distribution of governance tokens as incentives for contributions and airdrop marketing techniques. This is the area with the largest number of genres, and outside of the DeFi area, Audius and Ocean DAO can also be mentioned.
It is also the area that is closest to Bitcoin and Ethereum, which can be said to be the final form of DAO, and as mentioned above, it is a DAO that frequently appears in financial areas where operations are simple and there is a global need. It is recommended that you join any of these communities.
Flamingo DAO
The Flamingo DAO is a DAO that specializes in the joint purchase of NFTs. The purpose of the Flamingo DAO is to purchase expensive NFTs that cannot be purchased alone as an investment product, and to earn a return on the increased value of the NFTs.
The Flamingo DAO is classified as an "Investment DAO", which is a for-profit DAO that aims to co-invest in a project, similar to theDAO in the past. It is the opposite of a Social DAO, as it has a return-driven objective that is easy to understand and attracts funds, and has the potential to have a large impact on the industry.
The Constitution DAO, which aims to buy the original copy of the U.S. Constitution, the Blockbuster DAO, which aims to buy Blockbuster, the Krause House DAO, which aims to buy an NBA team, and the Links DAO, which aims to buy a golf course, have all attracted a great deal of attention, and their influence is evident.
Other traditional players include TheLAO, PartyDAO, GenesisDAO, MetaCartel Venture, and many others.
Gitcoin
Unlike the aforementioned Investmen DAO, this is a "Grant DAO" where members are asked to contribute funds on the premise of donations rather than aiming for returns. Gitcoin is a famous DAO for supporting open source developers and fostering communities.
Like the Moloch DAO, it's a web3 version of a DAO that contributes to the development of a better internet industry without giving anything in return. As with Moloch DAO, it's more like a web3 version of UNICEF that contributes to the development of a better internet industry without any return.
Recently, many DAOs have been attached to existing projects and function as a form of revitalization of the parent community.
Like Uniswap Grants by Uniswap, Compound and Audius are also working on this kind of initiative.
RaidGuild
Just formulating a mission and launching a Dicord server is not enough to make a DAO work. Just like a traditional company, you need members, and especially in the early stages, you need a lot of calories.
A number of "ServiceDAO" communities have sprung up to support the operation of such DAOs (think pickaxe/jean shop in the gold rush), and one of the most prominent of these is RaidGuild. This is the DAO version of a contract production company, functioning as a service to supply web3 talent.
Members are typically members of a community that can provide services to external clients or do internal operational work for DAO. There is no doubt that members of such communities will lead the web3 trend in the future.
There are other "ServiceDAOs" such as DAOhaus, LexDAO, and YAPDAO.
Tools for operating a DAO, from start-up to operation
Now that we've introduced the typical DAO for each genre, let's take a look at what tools are available to manage these DAOs. The world is moving quickly, and there are already many tools that specialize in DAO management.
The following is a representative list of these tools that were created based on a completely different philosophy than web2products.
1.Setting up a DAO
When you decide to start a DAO, you first need to think about who you will distribute the tokens to and how many stakeholders you will create. Here is a list of tools that provide token issuance and distribution.
There are already a number of no-code tools that make it easy to set up a DAO, such as the DAO version of Shopify.
Aragon
** Colony**
Coinvise
thirdweb
Orca
https://www.orcaprotocol.org/#home
DAOstack
These products exist, and there will be more and more of them in the future. Other specialized products include the following.
Syndicate: Easy to launch investment DAO
Open Law: Managing the Legal Side with Contracts
2.Treasury management for DAO
It goes without saying that financial management is very important to know how to manage the funds collected from stakeholders. Start by considering the following tools.
JuiceBox: Raised by the community. This is the same tool that was used in Constitution DAO.
Gnosis Safe: A multi-sig function that requires signatures from multiple users to manage funds.
Llama: Multi-sig function that requires signatures from multiple users to manage funds
3.Governance management of DAO
How and when will the funds raised be used? Which functions should be developed first? The following are some of the most popular governance management tools for DAO.
Snapshot: Community voting. I have the impression that this is the standard tool we see most often in DAO.
Tally: Community Poll. Diverse features such as forms for email acquisition.
Boardroom: A management platform for members to participate in governance without stress. It aims to solve a certain problem of low participation in voting.
4.Communication of DAO
This is where the members of the DAO community communicate. Currently, Discord is the only choice for this, and it is expected to be replaced by a web3 company in the future.
As you know, Discord is a web2 company that started out as a community tool for gamers, and even though it is the hub of many web3 projects, it still doesn't have built-in functions such as token management.
There are some examples of plugins such as Collab .land, which will be discussed later, but the introduction of the wallet has caused a backlash from the gamer community, which is the main user base of the platform, and it will be interesting to see where it goes from here.
Since almost all DAOs use Discord for communication, there is great potential for a plugin for it.
Twitter is used for open communication and marketing channels, and Telegram is used for 1:1 interactions such as customer support.
5.Tool for managing compensation payments to DAO members
Coordinape: a tool to reward contributors, motivate participation, and manage resources
Sourcecred: A tool for measuring and rewarding members' value creation in communities.
Superfluid: A tool to automate continuous reward payments to users who have tokens.
https://www.superfluid.finance/home
Utopia Labs: A modern system for managing DAP payment requests, payroll, and reporting
6.Tools to restrict access to DAO for each user.
The larger the DAO, the more it has a hierarchy for each stakeholder to manage its operations, such as a Discotd server that only allows users with a specific NFT, or a channel that only allows core contributors who hold a certain number of tokens.
Tools for optimizing these operations are also widely used, so it's worth keeping them in mind.
Collab.land: It acts as a token gateway for channels in Discord.
grapes: a token gateway tool focused on the Soala blockchain
Guild: A tool that assigns roles based on the tokens and NFTs you have.
DAO is a pervasive world, we embrace the metaverse
We have introduced the reasons why DAOs are attracting attention, as well as typical DAOs and their surrounding tools in early 2022.
In the future, people will no longer work for a single company, but will live their lives by contributing to multiple DAOs that share their mission and allow them to utilize their skills at the same time.
DAOs are global and token native from Day 1, and there is no permission to join or contribute to them, no identity, no employment contract, no job interview. The DAO is a paradigm shift that will overturn the traditional way of doing business.
It's a world where you wake up in the morning, check the task list of the core contributors of the DAO you belong to, assign yourself to a task that you find interesting, deliver it, and if everything goes well, your tokens are immediately added to your wallet. I think this is especially easy to imagine for people who work on the side, as freelancers, or as gig workers for Uber or Timey.
I'm convinced that this decentralized, anonymous, transparent, and trust-free way of working will be the protocol for the coming metaverse era, and will be the new form of output to the world.
Currently, DAO is limited to work that can be completed digitally, such as code, design, video delivery, or community facilitation, but with the advent of the metaverse era, physical output will be valued through smart contracts, and people will be able to work from wherever they want.
In order to have a clear image of this, it is necessary to explain the general situation of the metaverse.
Meta (VR) and Niantic (AR) aim to create their own metaverse.
Overseas, people often compare Meta to Darth Vader and Niantic to Luke in a Star Wars analogy (Niantic is the developer of Pokémon GO and Ingress).
(Niantic is the developer of Pokémon GO and Ingress.) Because in the Metaverse world, the conflict between Meta, which makes money by trapping users in virtual spaces and advertising, and Niantic, which is trying to improve real-world experiences with virtual technology, is a hot topic, and Niantic CEO John Hanke has actually sounded the alarm that "the Metaverse is a dystopian nightmare”.
From this point of view, it is premature to look at the metaverse from the perspective of a virtual space like Fortnite or Facebook Horizon, as Niantic is focusing on AR technology.
As a side note, John Hanke is the developer of Google Earth and the creator of Google Maps. From this point of view, we can see why Niantic is actually the dark horse of the metaverse industry.
https://www.youtube.com/watch?v=tzbvhxa4ESY&feature=youtu.be
Niantic's AR development platform, Lightship, just launched in November 2021, and Niantic will be marketing it fiercely to compete with the dystopia that Meta is trying to create. The Lightship technology is still in its infancy, and can be said to be in the early stages of the launch of the AppStore, which only had simple applications.
The metaverse, which can be described as the "Internet in 3D", will take some time to take root due to problems with machine and communication specifications, but the following definitions can be given.
1.Never ending, forever lasting: There are no resets, pauses, or endings.
2.Simultaneous and live: Although there are pre-scheduled events, anyone can experience what happens in the world of the metaverse live, in real time, just as in the real world.
3.Unlimited number of concurrent users: Everyone can be part of the metaverse and participate in a particular event, place, or activity together and simultaneously.
4.Have an economic ecosystem: Individuals and companies can create "value" that is recognized by others and be rewarded for their "work".
5.Connectedness to physical reality: The experience must span both digital and physical worlds, or private and public, open and closed platforms.
6.Interoperability: Interoperability of data, digital items, assets, and content (e.g., a skin purchased in one game can be used in another game).
7.Reproducibility of content and experiences: Consists of "content" or "experiences" provided by individuals, groups, or companies.
Based on these definitions, what I would like to rethink is the image of a world where the aforementioned Lightship on the AR axis and Horizon Worlds on the Meta on the VR axis are fully functional after a DAO-like way of working becomes widespread.
There is a world line where the exact same objects (digital twin) as in reality are also virtual, and they are perfectly synchronized and synchronized with the real world.
Even now, we are constantly connected to physical data online through AppleWatch and smartphones, but the metaverse world is an extension of this. All of our daily actions, whether online or offline, will be recorded in the blockchain, and we will be able to accumulate and own (personally manage) assets such as tokens. It will be possible to accumulate and own assets such as tokens. Literally everyone will have the opportunity to contribute value to the global economy by using the data they own, whether real or digital, as their ticket.
I mentioned earlier that Lightship is like AppSore back in 2008. Remember when it was all bowling, field hockey, piano, and even an app that made your iPhone look like a beer mug?
Together with the development of blockchain technology, we can expect an amazing evolution of content companies like Meta and Niantic, silicon companies like NVIDIA and Qualcomm, and hardware companies like Apple and MagicLeap (Meta has Quest VR (We also have hardware under control). The current junction of blockchain and metaverse is still at the level of buying a sandbox or decentralized land NFT, but virtual worlds will be created at an exponential rate.
In a future where living in such a metaverse space will be the norm, will the best way to work be like a traditional corporation, or will it be more fluid and flexible like a DAO? It will be a gradation and it will be possible to have both, but the answer seems obvious to me.
DAO will eat the world.
Marc Andreessen of a16z, an early investor in many web3 companies, said, "Software is Eating The Wold", and I hereby declare that the next 10 years will be "DAO is Eating The Wold”.
This is not a transformation of the Internet, but an innovation that is a new form of the "Corporation" that has been around for about 400 years. The invention of the stock company, a mechanism to decentralize financial risk for socially meaningful (and financially rewarding) challenges, is coincidentally similar to the blockchain, which is based on the concept of decentralization.
The DAO seems to be the best solution so far as an organizational form in a world that is becoming more and more liquid, and as the final form of a stock company. There is a saying that "a product is a product of chance, a team is a product of necessity", and I feel that this saying has more weight in DAO, where the community itself can be considered a product.
People's work and organizations have switched to a division of labor, and the economy has developed as a result of collaboration that takes advantage of each person's expertise, but this has been tied to a region or industry.
From now on, the blockchain will allow literally anyone to be active in the world, and the digital constraints will be opened up by the metaverse that will follow.
Aren't you excited about the future that DAO and the metaverse will bring? In order to solve this DAO discovery problem, we at trevary are running a Discrod community called YoursDAO, which is dedicated to DAO information. If you would like to join us, please enter your Twitter account from this form. The invitation link will be displayed on the completion screen. Please be sure to introduce yourself when you join the community.
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