The bottom line is this: If you want to galvanize a community for a shared purpose, then a DAO could be a great tool. It’s 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?
Building a product. Dance Floor DeFi is building a way to unlock cash from NFTs you own. DANCE token holders control the product.
Building a city. CityDAO is divvying up ownership in a real parcel of land in Wyoming.
Investing. Flamingo invests collectively in new NFT projects, and Seed Club invests in new products.
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.
That’s an annualized growth rate of over 40,000%.
Ready to jump in yet??
A Research DAO
For our DAO, we’re going to choose a topic that’s well-suited to someone who doesn’t want to code solidity. We’re 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.