The bottom line is this: If you want to galvanize a community for a shared purpose, then a DAO could be a great tool. Itās like crowdfunding, collective treasury management, and a community referral program all rolled into one.
Stepping back from all the crypto mumbo-jumbo, DAOs seem like a fairly good way to raise money and coordinate a community to do things.
What kind of things can I do with a DAO, you ask?
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Building a product. Dance Floor DeFi is building a way to unlock cash from NFTs you own. DANCE token holders control the product.
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Building a city. CityDAO is divvying up ownership in a real parcel of land in Wyoming.
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Investing. Flamingo invests collectively in new NFT projects, and Seed Club invests in new products.
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Other crazy stuff. Krause is a DAO that wants to buy an NBA team.
DAOs are growing like crazy
According to
DeepDAO, as of February 21, 2021 there were
2,300 total members across all DAOs.
That number today? 1 million.
Thatās an annualized growth rate of over 40,000%.
Ready to jump in yet??
A Research DAO
For our DAO, weāre going to choose a topic thatās well-suited to someone who doesnāt want to code solidity. Weāre going to create a research service for investors who want to jump into web3.
The core value prop will be: Helping investors find the best new projects in Web3 through a research subscription. Kind of like Forrester or Gartner, but on a smaller scale and much more focused.