{"id":356944,"date":"2021-10-23T14:11:00","date_gmt":"2021-10-23T11:11:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/daos-will-be-the-future-of-online-communities-in-five-years\/"},"modified":"2021-10-23T14:11:00","modified_gmt":"2021-10-23T11:11:00","slug":"daos-will-be-the-future-of-online-communities-in-five-years","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/daos-will-be-the-future-of-online-communities-in-five-years\/","title":{"rendered":"# DAOs will be the future of online communities in five years"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a36e6bcc2a9d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a36e6bcc2a9d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/daos-will-be-the-future-of-online-communities-in-five-years\/#The_ownership_and_creator_economy\" >The ownership and creator economy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/daos-will-be-the-future-of-online-communities-in-five-years\/#DAO_online_communities\" >DAO online communities<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># DAOs will be the future of online communities in five years <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvZWY1YjNhMDQtZTE1NS00OTQxLWE3M2UtN2MzOTZmOTg2YjhmLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Online communities, those that share a common interest on the internet, can range from <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a> networks, grassroots organizations and customer communities. We, as a society, are naturally communal, so it makes sense to engage in ideas and interests with others online. Whether we build relationships with people directly or indirectly, communities are built. However, how we do so differs.<\/p>\n<p>In 2006, web expert Jakob Nielsen<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nngroup.com\/articles\/participation-inequality\/\"> proposed<\/a> a 90-9-1 rule based on participation inequality in social media and online communities. According to Nielsen, in most online communities, 90% of users are lurkers, i.e., those who observe, but don\u2019t contribute, nine percent of users contribute a little and only one percent account for the most contributions.<\/p>\n<p>But as the influence of online communities continues, their nature is beginning to change. The previous era was dominated by a user, customer and creator relationship. Now, though, we\u2019re starting to see online communities taking ownership of what they want to share.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Crypto social governance will lead to online freedom<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_ownership_and_creator_economy\"><\/span>The ownership and creator economy<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>With COVID-19 forcing many of us to work from home and socially distance ourselves from loved ones, digital connectivity has played an important role in how we stay connected. For many, this has resulted in a greater reliance on online communities. According to research by Facebook, in conjunction with The Governance Lab at New York University, 77% of respondents <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/virtual-communities.thegovlab.org\/\">indicated<\/a> that the most important group they\u2019re part of operates online.<\/p>\n<p>Today, we live in a world where content is readily created and shared. This creator economy, which builds on human creativity, intellectual property and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>, is a concept that continues to grow. And after a year of lockdowns, now more than ever is a time to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>reciate the creator economy. As governments seek to rebuild their economies in the wake of the ongoing global COVID-19 pandemic, creative economies will play an important role. So much so that figures from Deloitte <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www2.deloitte.com\/uk\/en\/pages\/technology-media-and-telecommunications\/articles\/the-future-of-the-creative-economy.html\">suggest<\/a> that this sector could grow by 40% by 2030, adding more than eight million jobs.<\/p>\n<p>The next logical step moves away from this sharing economy toward that of an ownership economy. Jesse Walden, the founder of Variant Fund, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/variant.fund\/the-ownership-economy-crypto-and-consumer-software\/\">calls<\/a> the ownership economy something that is \u201cnot only built, operated, and funded by individual users, but owned by users too.\u201d An example of the creator economy and the ownership economy coming together is seen through nonfungible tokens (NFTs). NFTs are enabling creators to deliver a more intimate connection with their followers while removing issues associated with middlemen. By doing so, and thanks to the blockchain, creators have full ownership of their work and have free rein to copyright their creations while ensuring their authenticity. Delivering a golden opportunity for creators, NFTs are establishing creative ownership.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Bull or bear market, creators are diving headfirst into crypto<\/em><\/strong><\/p>\n<p>And it\u2019s the advent of crypto and decentralized finance (DeFi) that is helping to take online communities to the next level. As the sector uses assets that are shared by all shareholders, creating something that aligns with their interests, crypto and DeFi are a natural fit. Empowered by frictionless finance, the ownership economy enables novel approaches for real-world communities to leverage digital tools to create, capture and exchange value more effectively in virtuous cycles.<\/p>\n<p>The ownership economy has been pioneered by Bitcoin (BTC). Arriving in 2009, Bitcoin proposed a new avenue of economic wealth while using technology on a computer. By doing so, anyone with an internet connection was incentivized while mining for newly minted Bitcoin, thus helping to secure the network while claiming ownership in the network itself.<\/p>\n<p>Since then, the crypto market has grown exponentially and with it, online communities are being seen through new tooling and incentive design which comprises the trend known today as decentralized autonomous organizations (DAOs).<\/p>\n<h2><span class=\"ez-toc-section\" id=\"DAO_online_communities\"><\/span>DAO online communities<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A DAO is essentially a programmable organization of people that form around a shared mission and fosters an emergent online community. They jointly control a crypto multi-signature wallet, ensuring that its objectives \u2014 decided by DAO members \u2014 are met. The governance of DAOs and their operations are written in smart contracts, consisting of automated if-then statements, making them transparent and auditable.<\/p>\n<p>What\u2019s great about DAOs and their role in online communities is that the way they interact with each other is a wide-open surface area and there is much work being done in the space. Anyone can take part in a DAO regardless of where they are. All that\u2019s required is the staking of funds, which creates a great building block for interacting with a community. DAOs are not walled gardens and therefore their participants have intrinsic and extrinsic incentives to collaborate with other DAO communities to bolster each other&#8217;s capabilities while sharing in the ownership and direction of each project. With no central party standing in the way, everyone is given a right to have a say about how something is or should be done. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Airdrops, DAOs, token issuance and public domains are the next frontier for NFTs<\/em><\/strong><\/p>\n<p>DAOs and DAO2DAO collaborations are still very much \u201ca crypto thing,\u201d but real power for positive change lies in them when the methodologies, ownership models and tools created from this movement touch real-world communities, large and small.<\/p>\n<p class=\"post-content__disclaimer\"><em>This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/em><\/p>\n<p class=\"post-content__disclaimer\"><em>The views, thoughts and opinions expressed here are the author\u2019s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.<\/em><\/p>\n<div>\n<div style=\"background: rgb(239, 239, 239); border: 1px solid rgb(204, 204, 204); padding: 10px;\"><strong>Michael O\u2019Rourke<\/strong> is the co-founder and CEO of Pocket Network. Michael is a self-taught iOS and Solidity developer. He was also on the ground level of Tampa Bay\u2019s Bitcoin\/crypto meetup and consultancy, Blockspaces, with a focus on teaching developers Solidity. He graduated from the University of South Florida.<\/div>\n<\/div>\n<p><template data-name=\"subscription_form\" data-type=\"consulting_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/daos-will-be-the-future-of-online-communities-in-five-years\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# DAOs will be the future of online communities in five years &#8221; Online communities, those that share a common interest on the internet, can range from social networks, grassroots organizations and customer communities. We, as a society, are naturally communal, so it makes sense to engage in ideas and interests with others online. Whether&#8230;<\/p>\n","protected":false},"author":1,"featured_media":356945,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvZWY1YjNhMDQtZTE1NS00OTQxLWE3M2UtN2MzOTZmOTg2YjhmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,75186,74983,74868,95118,74355,7058,48],"class_list":["post-356944","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-dao","tag-decentralization","tag-defi","tag-nft","tag-adoption","tag-community","tag-internet"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/356944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=356944"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/356944\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/356945"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=356944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=356944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=356944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}