{"id":411732,"date":"2022-03-03T17:35:08","date_gmt":"2022-03-03T14:35:08","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/how-do-you-dao-can-daos-scale-and-other-burning-questions\/"},"modified":"2022-03-03T17:35:08","modified_gmt":"2022-03-03T14:35:08","slug":"how-do-you-dao-can-daos-scale-and-other-burning-questions","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/how-do-you-dao-can-daos-scale-and-other-burning-questions\/","title":{"rendered":"#How do you DAO? Can DAOs scale and other burning questions"},"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-6a326c489da6e\" 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-6a326c489da6e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/how-do-you-dao-can-daos-scale-and-other-burning-questions\/#Yeah_but_what_is_a_DAO\" >Yeah, but what is a DAO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/how-do-you-dao-can-daos-scale-and-other-burning-questions\/#Productivity_coordination_organisms\" >Productivity coordination organisms<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/how-do-you-dao-can-daos-scale-and-other-burning-questions\/#DAO_Distributed_not_decentralized\" >DAO? Distributed not decentralized<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/how-do-you-dao-can-daos-scale-and-other-burning-questions\/#Autonomous_Think_quorum_not_robot\" >Autonomous: Think quorum, not robot<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/how-do-you-dao-can-daos-scale-and-other-burning-questions\/#Why_a_DAO_They_move_fast\" >Why a DAO? They move fast<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/how-do-you-dao-can-daos-scale-and-other-burning-questions\/#How_a_typical_DAO_works\" >How a typical DAO works<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/buradabiliyorum.com\/en\/how-do-you-dao-can-daos-scale-and-other-burning-questions\/#Year_1602_revisited_Are_DAOs_the_new_corporate_paradigm\" >Year 1602 revisited: Are DAOs the new corporate paradigm?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/buradabiliyorum.com\/en\/how-do-you-dao-can-daos-scale-and-other-burning-questions\/#Airdrops_Building_communities_or_building_problems\" >Airdrops: Building communities or building problems?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/buradabiliyorum.com\/en\/how-do-you-dao-can-daos-scale-and-other-burning-questions\/#Crypto_innovators_of_color_restricted_by_the_rules_aimed_to_protect_them\" >Crypto innovators of color restricted by the rules aimed to protect them<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/buradabiliyorum.com\/en\/how-do-you-dao-can-daos-scale-and-other-burning-questions\/#Building_blocks_Gen_Y_can_use_tokens_to_get_on_the_property_ladder\" >Building blocks: Gen Y can use tokens to get on the property ladder<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/buradabiliyorum.com\/en\/how-do-you-dao-can-daos-scale-and-other-burning-questions\/#What_the_hell_is_Web3_anyway\" >What the hell is Web3 anyway?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/buradabiliyorum.com\/en\/how-do-you-dao-can-daos-scale-and-other-burning-questions\/#Does_the_DASH_DAO_work\" >Does the DASH DAO work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/buradabiliyorum.com\/en\/how-do-you-dao-can-daos-scale-and-other-burning-questions\/#Governance_problems_remain\" >Governance problems remain<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/buradabiliyorum.com\/en\/how-do-you-dao-can-daos-scale-and-other-burning-questions\/#Can_DAO_governance_work_at_scale\" >Can DAO governance work at scale?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/buradabiliyorum.com\/en\/how-do-you-dao-can-daos-scale-and-other-burning-questions\/#The_best_of_blockchain_every_Tuesday\" >The best of blockchain, every Tuesday<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/buradabiliyorum.com\/en\/how-do-you-dao-can-daos-scale-and-other-burning-questions\/#Mass_voting_via_holographic_consensus\" >Mass voting via holographic consensus<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/buradabiliyorum.com\/en\/how-do-you-dao-can-daos-scale-and-other-burning-questions\/#Link_between_culture_and_incentivization\" >Link between culture and incentivization<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/buradabiliyorum.com\/en\/how-do-you-dao-can-daos-scale-and-other-burning-questions\/#Year_1602_revisited_Are_DAOs_the_new_corporate_paradigm-2\" >Year 1602 revisited: Are DAOs the new corporate paradigm?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/buradabiliyorum.com\/en\/how-do-you-dao-can-daos-scale-and-other-burning-questions\/#Airdrops_Building_communities_or_building_problems-2\" >Airdrops: Building communities or building problems?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/buradabiliyorum.com\/en\/how-do-you-dao-can-daos-scale-and-other-burning-questions\/#Crypto_innovators_of_color_restricted_by_the_rules_aimed_to_protect_them-2\" >Crypto innovators of color restricted by the rules aimed to protect them<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/buradabiliyorum.com\/en\/how-do-you-dao-can-daos-scale-and-other-burning-questions\/#Building_blocks_Gen_Y_can_use_tokens_to_get_on_the_property_ladder-2\" >Building blocks: Gen Y can use tokens to get on the property ladder<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/buradabiliyorum.com\/en\/how-do-you-dao-can-daos-scale-and-other-burning-questions\/#What_the_hell_is_Web3_anyway-2\" >What the hell is Web3 anyway?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/buradabiliyorum.com\/en\/how-do-you-dao-can-daos-scale-and-other-burning-questions\/#The_Future\" >The Future?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/buradabiliyorum.com\/en\/how-do-you-dao-can-daos-scale-and-other-burning-questions\/#Year_1602_revisited_Are_DAOs_the_new_corporate_paradigm-3\" >Year 1602 revisited: Are DAOs the new corporate paradigm?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/buradabiliyorum.com\/en\/how-do-you-dao-can-daos-scale-and-other-burning-questions\/#Airdrops_Building_communities_or_building_problems-3\" >Airdrops: Building communities or building problems?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/buradabiliyorum.com\/en\/how-do-you-dao-can-daos-scale-and-other-burning-questions\/#Crypto_innovators_of_color_restricted_by_the_rules_aimed_to_protect_them-3\" >Crypto innovators of color restricted by the rules aimed to protect them<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/buradabiliyorum.com\/en\/how-do-you-dao-can-daos-scale-and-other-burning-questions\/#Building_blocks_Gen_Y_can_use_tokens_to_get_on_the_property_ladder-3\" >Building blocks: Gen Y can use tokens to get on the property ladder<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/buradabiliyorum.com\/en\/how-do-you-dao-can-daos-scale-and-other-burning-questions\/#What_the_hell_is_Web3_anyway-3\" >What the hell is Web3 anyway?<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#How do you DAO? Can DAOs scale and other burning questions<\/strong>&#8221;<\/p>\n<p style=\"float:right;margin:0 0 10px 15px;width:240px\"><img decoding=\"async\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-How-do-you-DAO-Dummies-guide.jpg\" class=\"type:primaryImage\"><\/p>\n<pre><code>                &lt;p&gt;&lt;strong&gt;DAO: Decentralized. Autonomous. Organization.&lt;\/strong&gt;\n<\/code><\/pre>\n<p><strong>The whole phrase is a misnomer. Theyre not decentralized, not autonomous and they are not organizations, Monsterplay blockchain consultancy founder David Freuden tells Magazine.<\/strong><\/p>\n<p><span style=\"font-weight: 400\">Freuden co-authored a 51-page<\/span> <span style=\"font-weight: 400\">report<\/span><span style=\"font-weight: 400\"> on DAOs in May 2020 in an attempt to help <a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/www.monsterplay.com.au\/wp-content\/uploads\/2020\/05\/DAO-A-Decentralized-Governance-Layer-for-the-Internet-of-Value.pdf\">realize<\/a> their potential.<\/span><span style=\"font-weight: 400\">We need DAOs, he explains. The idea of shareholder first is only a 1980s\/1990s concept. Companies became about profits, not products.<\/span><\/p>\n<p><span style=\"font-weight: 400\">He foresaw big things for DAOs and much has changed nearly two years later. By the end of 2021, DAOs had more than<\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/financialpost.com\/fp-finance\/a-group-wants-to-inject-a-bitcoin-into-a-mouses-dna-and-it-isnt-even-the-strangest-dao-out-there\"> <span style=\"font-weight: 400\">1.6 million <\/span><\/a><span style=\"font-weight: 400\">participants, up from just 13,000 at the start of the previous year. In 2021, the US state of Wyoming legislated for legal recognition of DAOs and the<\/span><span style=\"font-weight: 400\">Marshall Islands.<\/span><span style=\"font-weight: 400\">In 2022, Australia is<\/span><span style=\"font-weight: 400\">considering doing the same<\/span><span style=\"font-weight: 400\">.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Yeah_but_what_is_a_DAO\"><\/span>Yeah, but what is a DAO?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">In short, a DAO is a governance model popularized in the decentralized finance sector where members buy (or are rewarded with) governance tokens to vote on how the DAO operates and spends its money. <\/span><span style=\"font-weight: 400\">DAOs were born from DeFi as an investment vehicle. So, you cant separate a DAO from tokenomics, says Freuden.<\/span><\/p>\n<p><span style=\"font-weight: 400\">DAOs are usually built around a mission which can be a promise or a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a> cause but usually still involves a desire for profits. If you cant answer the why the DAO wont be sustainable, he says. And, if you dont have tokenomics, its a co-op, not a DAO.<\/span><\/p>\n<p><span style=\"font-weight: 400\">DAOs come in a range of types that now <\/span><span style=\"font-weight: 400\">include<\/span><span style=\"font-weight: 400\"> operating system DAOs, protocol DAOs, investment DAOs, grant DAOs, service DAOs, social DAOs, collector DAOs and media DAOs.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The idea that people could be galvanized around a good cause was very attractive to Freuden. The crypto world comprises speculators or builders, so crypto needs a DAO for the builders.<\/span><\/p>\n<p><span style=\"font-weight: 400\">But, one problem is that mismatched expectations among speculators and builders  or both  cause endless but, sometimes creative, friction.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<figure id=\"attachment_11143\" aria-describedby=\"caption-attachment-11143\" style=\"width: 601px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-11143\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-How-do-you-DAO-Dummies-guide.jpg\" alt=\"How do you DAO\" width=\"601\" height=\"338\" \/><figcaption id=\"caption-attachment-11143\" class=\"wp-caption-text\">How do you DAO?<\/figcaption><\/figure>\n<h4><\/h4>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Productivity_coordination_organisms\"><\/span>Productivity coordination organisms<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">For DAOs, the idea is usually to launch the DAO with an original product, such as a cryptocurrency, an IT protocol or a VC-like investment fund like FlamingoDAO. <\/span><span style=\"font-weight: 400\">DAOs allow for tokenized and incentivized distributed open-source contributions without borders. Product or mission is key. Sometimes, this h<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>ens in reverse and DAOs emerge once a product is launched, leaving the company to eventually transition to a DAO, like Uniswap eventually did.<\/span><\/p>\n<p>A well-coordinated DAO can get things done. So, its a vehicle for a distributed incentivized workforce. Essentially, DAOs are something like productivity coordination organisms.<\/p>\n<p><span style=\"font-weight: 400\">DAOs incentivize merit-based contributions. Those who work for the DAO make permissionless contributions and enjoy fragmented employment benefiting from task descriptions, not job descriptions, argues Freuden. So, DAOs are, above all else, a new way of organizing cooperation.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"DAO_Distributed_not_decentralized\"><\/span>DAO? Distributed not decentralized<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">In decentralized autonomous organizations, each word can be interpreted differently. DAOs can emphasize one aspect or at the expense of another. Decentralization is a trade-off for autonomy and vice-versa.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Matan Field, CEO at <\/span><span style=\"font-weight: 400\">DAOstack<\/span><span style=\"font-weight: 400\">, has long argued that a DAO is a <\/span><span style=\"font-weight: 400\">distributed<\/span><span style=\"font-weight: 400\"> governance system. Power is distributed collectively. Yet, the decentralized aspects of a DAO can be understood by two different factors. This sheds light on the conflicting definitions of a DAO.<\/span><\/p>\n<p>\u00a0<\/p>\n<p><em><strong>A DAO can be decentralized because it runs on a decentralized infrastructure. For example, it could be created on a public permissionless blockchain so that another party cannot take over.<\/strong><\/em><\/p>\n<p>\u00a0<\/p>\n<p><em><strong>A DAO is distributed because its not organized hierarchically around executives or shareholders. There is no concentration of power around its leadership.<\/strong><\/em><\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">Option two is clearly <\/span><span style=\"font-weight: 400\">distributed<\/span><span style=\"font-weight: 400\"> rather than decentralized.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Yet, not all of these endeavors are automated.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Autonomous_Think_quorum_not_robot\"><\/span>Autonomous: Think quorum, not robot<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">Think of a quorum rather than a robot. DAOs can be autonomous in the sense that t<\/span><span style=\"font-weight: 400\">he most profound characteristics of a smart contract are self-enforcing and self-executory capabilities. <\/span><span style=\"font-weight: 400\">Thus, every transaction on a blockchain is technically a simplified version of a smart contract.<\/span><\/p>\n<figure id=\"attachment_11144\" aria-describedby=\"caption-attachment-11144\" style=\"width: 530px\" class=\"wp-caption alignright\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-11144\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/dao-4.png\" alt=\"Dao landscape\" width=\"530\" height=\"273\" \/><figcaption id=\"caption-attachment-11144\" class=\"wp-caption-text\">The DAO landscape is growing more complicated.<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">For example, keep in mind how smart contracts work on the Ethereum network. They are less like legal contracts and more like lines of self-executing computer code described as persistent scripts by Vitalik Buterin.<\/span><\/p>\n<p><span style=\"font-weight: 400\">A DAO, however, is autonomous in the sense that its rules are self-enforced<\/span><span style=\"font-weight: 400\">once agreed upon by its members<\/span><i><span style=\"font-weight: 400\">. <\/span><\/i><span style=\"font-weight: 400\">So, a DAO is not fully automated but automated upon approval by the governance committee.<\/span><span style=\"font-weight: 400\">This can differentiate them from traditional organizations whose rules form guidelines that someone must interpret and apply.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Why_a_DAO_They_move_fast\"><\/span>Why a DAO? They move fast<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">A DAO can adapt quickly to local conditions as a quick way to spin up a governance mechanism. Its a knowledge coordination tool to make decisions collectively and fast. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Like UkraineDAO, spun up rapidly by Ukrainian expat Alona Shevchenko, Nadya Tolokonnikova, founder of Russian feminist punk band Pussy Riot, artist <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">Trip<\/a>py Labs and digital artist collective PleasrDAO, in response to Putins invasion of Ukraine. The DAO quickly sought to support Ukrainian charities by selling NFTs of the Ukrainian flag. This is the perfect use case for a DAO: a single mission, moving fast and raising funds for a country accepting crypto where trust in banks is low.<\/span><\/p>\n<p>This could be a watershed moment for DAOs.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Since receving 1st donation 68 hrs ago, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Ukraine_DAO?ref_src=twsrc%5Etfw\">@Ukraine_DAO<\/a> raised $4MM.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/KPIs?src=hash&amp;ref_src=twsrc%5Etfw\">#KPIs<\/a><br \/>$63K USD per hour.<br \/>$1,000 USD per minute.<br \/>2,115 ppl in party bid<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Alpha?src=hash&amp;ref_src=twsrc%5Etfw\">#Alpha<\/a> <br \/>Frens, this is ur alpha!  <br \/>And ur investment  has instant return in Karma. #<br \/>NOT INVESTMENT ADVICE.<br \/>Common sense advice. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/OtkKEsmVvG\">pic.twitter.com\/OtkKEsmVvG<\/a><\/p>\n<p>\u2014 CryptoStv | UkraineDAO | PleasrDAO (,) (@DefiHope) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DefiHope\/status\/1498276549434298369?ref_src=twsrc%5Etfw\">February 28, 2022<\/a><\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">For Freuden, like many, ConstitutionDAO was another clever use case for DAOs.<\/span> <span style=\"font-weight: 400\">ConstitutionDAO<\/span><span style=\"font-weight: 400\">was an ultimately unsuccessful but beautiful experiment in a single-purpose DAO to buy a copy of the U.S. Constitution for public viewing from a Sothebys auction. <\/span><span style=\"font-weight: 400\">Cons<\/span><span style=\"font-weight: 400\">titutionDAO raised $47 million dollars from 19,000 people in just one week in November 2021, but was outbid by a <\/span><span style=\"font-weight: 400\">hedge fund manager<\/span><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Contributions were returned or lost if transactional gas fees were too high. Yet, as a beautiful experiment, a Special Vehicle DAO like the ConstitutionDAO proved exceptionally fast at organizing and crowdsourcing funds for a specific purpose. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Soon, we may all be lauding the success of UkraineDAOs geopolitical ambitions in support of the DAO concept.<\/span><\/p>\n<p><span style=\"font-weight: 400\">For Adam Miller, founder of DAOplatform.io and <\/span><span style=\"font-weight: 400\">MIDAO Directory Services<\/span><span style=\"font-weight: 400\">, some of the best use cases for DAOs today are where a DAO structure is part of the <\/span><em><span style=\"font-weight: 400\">raison d\u2019tre<\/span><\/em><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">That is, a flat community is key to the venture. A good example is crowdsourced product development. Miller tells Magazine that DAOs are most likely to succeed when members are excited about a DAO as an alternative to starting a company. He agrees that distributed is better for the acronym because DAOs still need some kind of hierarchy.<\/span><\/p>\n<p><span style=\"font-weight: 400\">For Miller, DAOs are also a new way of organizing people and, importantly, resources. He started DAOplatform.io, a DAO tooling advisery that is currently transitioning to a DAO due to the woeful tech options for running a DAO, which he says mainly comprises of just multisig admin keys and a voting system. So, today, he is trying to advise on the best tech stacks for DAOs.<\/span><\/p>\n<p><span style=\"font-weight: 400\">There are three key elements, according to Miller. <\/span><\/p>\n<blockquote class=\"pullquote align-center\"><p><span style=\"font-weight: 400\">Firstly, tokenization for which there are many methods and tools. Secondly, governance mechanisms, on chain or off chain, and connected to the DAOs treasury. And, finally, community.<\/span><\/p>\n<\/blockquote>\n<h4><span class=\"ez-toc-section\" id=\"How_a_typical_DAO_works\"><\/span>How a typical DAO works<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">DAOs can become more than just a glorified Discord group  but only if theres a clear mission. That mission is inevitably part financial speculation part utopian dream. The spectrum can vary greatly.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Dash DAO was created because the founder left the cryptocurrency project in<\/span><span style=\"font-weight: 400\"> 2017. Its the<\/span><span style=\"font-weight: 400\"> story of a prophet who never anointed a successor. So, building a tokenized evangelical missionary community that was distributed around the world  through a DAO  made sense.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Dashs founder Evan Duffield was a libertarian\/anarchist visionary who forked Bitcoin in January 2014 to make it instant and essentially free, or with negligible gas fees. He disappeared for a while, and so DASH organically transitioned to a DAO.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Today, 200,000 U.S. retail locations including Walmart and Barnes and Noble accept Dash so that purchasers can use crypto in retail settings. This payment system operates on gift card rails like any other gifted voucher.<\/span><\/p>\n<figure id=\"attachment_11147\" aria-describedby=\"caption-attachment-11147\" style=\"width: 499px\" class=\"wp-caption alignright\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-11147\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/dao-1.png\" alt=\"DAO tools\" width=\"499\" height=\"318\" \/><figcaption id=\"caption-attachment-11147\" class=\"wp-caption-text\">There are increasing numbers of DAO tools available. (Source: Coinyuppie)<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Dash is the first successful DAO, according to DASH Corp Co (the legal entity for the DAO) Dash h<\/span><span style=\"font-weight: 400\">ead of crypto, DAO and blockchain marketing,<\/span> <span style=\"font-weight: 400\">Arden Goldstein. By contrast,<\/span><span style=\"font-weight: 400\">The DAO<\/span><i><span style=\"font-weight: 400\">, <\/span><\/i><span style=\"font-weight: 400\">the first actual DAO<\/span><i><span style=\"font-weight: 400\">,<\/span><\/i><span style=\"font-weight: 400\"> was founded in 2016 and disbanded after a hack, an Ethereum hard fork and many controversies. But, what are the metrics for success?<\/span><\/p>\n<p><span style=\"font-weight: 400\">In crypto, the measures for success are different, says Goldstein. But, a healthy DAO is where people participate or are incentivized to work toward common goals. A successful DAO is when people are incentivized to complete a task. And, crucially, when tasks get completed.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Voting, yes or no, 1 or 0, is not the newest concept. The challenge is getting people to continue to participate and keep building a community. A DAO incentivizes volunteers: Nothing is holding people there to build. The DAO philosophy isnt anything new. You need to have skin in the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> to participate.<\/span><\/p>\n<p><span style=\"font-weight: 400\">DAO members must stake 1000 Dash to become a MasterNode. Those members are incentivized to do<\/span><span style=\"font-weight: 400\"> marketing (and other tasks) <\/span><span style=\"font-weight: 400\">for DASH rewards. Its basically an outsourced team for its onboarding of new users around the world.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Part of the fun of joining a DAO is encountering the countless crazy or very active people on Discord. No one gets fired (usually). But, in-line with open-source coding communities, you can be offered a full-time job if your work is noticed.<\/span><\/p>\n<p><span style=\"font-weight: 400\">DAO community members all over the world are incentivized to build the brand. And, Dash is a very useful product for developing countries, where inflation is high and governments are undemocratic. According to wallet downloads, the highest concentrations of Dash DAO members are Russia, Brazil, Venezuela, India, China, France, Italy and the Philippines.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Grassroots activism means that<\/span><span style=\"font-weight: 400\">this<\/span><span style=\"font-weight: 400\"> DAO makes sense. A DAO relies on local knowledge. For example, Dash.org is blocked in Venezuela, so DAO members help people use a VPN. DAO members are investors, energized evangelicals and also local expert product distributors.<\/span><\/p>\n<p><span style=\"font-weight: 400\">There is a Dash platform for submitting proposals and grant applications which are voted on every month. But, the DAO can decide at any time not to fund you. For example, it once employed a PR firm and the community said not enough press was getting published, so the DAO pulled the funding. This raises a great question: How are real-world contractual obligations met by a DAO?<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\"> <\/p>\n<div class=\"jeg_postblock_carousel jeg_postblock_carousel_3 jeg_postblock jeg_col_8 jnews_module__0_6220d6c6c6324    \">\n<div class=\"jeg_carousel_post\" data-nav='' data-autoplay='true' data-delay='4500' data-items=\"3\" data-margin='20'>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Year 1602 revisited: Are DAOs the new corporate paradigm?\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-1602-DAO-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-1602-DAO-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-1602-DAO-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-1602-DAO-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Year_1602_revisited_Are_DAOs_the_new_corporate_paradigm\"><\/span>Year 1602 revisited: Are DAOs the new corporate paradigm?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> February 22, 2022<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Airdrops\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Airdrops-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Airdrops-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Airdrops-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Airdrops-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Airdrops_Building_communities_or_building_problems\"><\/span>Airdrops: Building communities or building problems?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> February 18, 2022<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Crypto innovators of color restricted by the rules aimed to protect them\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Cryptocurrency-and-Legislative-Roadblocks-for-the-Unbanked-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Cryptocurrency-and-Legislative-Roadblocks-for-the-Unbanked-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Cryptocurrency-and-Legislative-Roadblocks-for-the-Unbanked-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Cryptocurrency-and-Legislative-Roadblocks-for-the-Unbanked-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Crypto_innovators_of_color_restricted_by_the_rules_aimed_to_protect_them\"><\/span>Crypto innovators of color restricted by the rules aimed to protect them<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> February 14, 2022<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Tokens property ladder\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Using-Tokens-to-get-on-the-Property-Ladder1-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Using-Tokens-to-get-on-the-Property-Ladder1-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Using-Tokens-to-get-on-the-Property-Ladder1-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Using-Tokens-to-get-on-the-Property-Ladder1-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Building_blocks_Gen_Y_can_use_tokens_to_get_on_the_property_ladder\"><\/span>Building blocks: Gen Y can use tokens to get on the property ladder<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> February 11, 2022<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Web3\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/01\/magazine-Web31-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/01\/magazine-Web31-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/01\/magazine-Web31-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/01\/magazine-Web31-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"What_the_hell_is_Web3_anyway\"><\/span>What the hell is Web3 anyway?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> January 31, 2022<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div><\/div>\n<\/p><\/div>\n<p><\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Does_the_DASH_DAO_work\"><\/span>Does the DASH DAO work?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">Sometimes, I see the DAO de-fund projects I saw a lot of value in, Goldstein explains. As a full-time employee, I still have to put in a funding proposal. But, with monthly votes, it is still much faster than other companies Ive worked on.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Dash DAO community sees itself as a headless beast. There is a CEO of the corporate entity overseeing the project DASH Core Group, Ryan Taylor. But, he himself is subject to the decisions of the DAO. He oversees the tech development, investment arm and incubator. Yet, the DAO community will lose it if any press ever says Dash CEO Ryan Taylor.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The problem is that we dont know who holds the most tokens [] because you dont know who your customers are or who your investors are. However, the loudest voices usually dont have the most MasterNodes and are not the most invested, so they yell and scream the loudest to offset that power imbalance.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On the other hand, Goldstein says she worked hard as the only female in the DAO. I was proud of the DAO when I turned the logo pink for a day and received a great outpouring of support from the men in the DAO. This has yet to entice a major influx of female DAO members.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Like the Kibbutz, communism or even the space race, utopian dreams face a great many hurdles.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Governance_problems_remain\"><\/span>Governance problems remain<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><b><em>How can DAOs deal with bad behavior by major token holders?<\/em><br \/><\/b><\/p>\n<p><span style=\"font-weight: 400\">In early February, a heated debate in crypto Twitter touched on inclusion, diversity and cancel culture over a number of incidents related to decentralized projects. Again, this spotlight on founding teams raised the question of how a DAO addresses any alleged inappropriate behavior.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In a corporation, misconduct can result in termination. In a DAO, founders usually hold a large number of tokens and the keys to the blockchain (multisignature) or otherwise.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The conversation was sparked by derogatory comments made by Brantly Millegan, the director of operations of Ethereum Name Service (ENS), about the LGBTQ community and other controversial topics. The screenshotted comments were made in 2016 and were brought to the attention of the board of the not-for-profit behind ENS in early 2022.<\/span><\/p>\n<p><span style=\"font-weight: 400\">His contract was terminated with the legal entity linked to ENS. But, what about his large holding of DAOs governance tokens?<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<figure id=\"attachment_11145\" aria-describedby=\"caption-attachment-11145\" style=\"width: 579px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-11145\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/dao-3.png\" alt=\"Build your own DAO\" width=\"579\" height=\"345\" \/><figcaption id=\"caption-attachment-11145\" class=\"wp-caption-text\">DAOs have enormous potential but plenty of limitations too.<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">Members of the DAO put forward a motion to its members, or those that hold tokens to vote on key decisions, to remove Millegan. Yet, he is a delegate that holds 370,000 votes that were delegated to him. He is the largest delegate in the DAO itself and <\/span><span style=\"font-weight: 400\">remains so today<\/span><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">So, what would have happened if he refused to accept the DAOs decision?<\/span><\/p>\n<p>The answer is not that simple, according to Freuden.<\/p>\n<blockquote class=\"pullquote align-center\"><p>Do the members of a DAO have a right to throw someone out that built the project?<\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Yet, if the original mission is no longer viable, they should be dissolved. When a DAO fails, do they give the money back and dissolve themselves? They should. Give back the money with interest like a prenuptial for a marriage that fails. <\/span><\/p>\n<p><span style=\"font-weight: 400\">One relevant analogy is that VCs might seek to remove a problematic CEO before an IPO.<\/span><\/p>\n<p><span style=\"font-weight: 400\">While treasury is one governance mechanism deployed by DAOs, they are usually (at least for an initial period) controlled by the people that built the original project. Or, in the case of Uniswap, <\/span><span style=\"font-weight: 400\">venture capital firm a16z controls so much of the voting power that<\/span><span style=\"font-weight: 400\">it delegated various parcels to student-run blockchain organizations in order to gain a semblance of distribution.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This leads to the question of whether DAOs can truly work at scale. And, how to evolve these voting paradigms beyond token holdings?<\/span><\/p>\n<p><span style=\"font-weight: 400\">There are some solutions for the whale token holder problem. Multiple tokens, for example, a utility token on top of a governance token and<\/span><span style=\"font-weight: 400\"> quadratic voting<\/span><span style=\"font-weight: 400\">for whales have become one such mechanism. There are also other protections such as multisignatures keys to a blockchain and time locks on decisions that leave time for any automated decision to eventuate. Each DAO will need to get the structure right depending on the assets at stake.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In truth, voter participation is often itself a bigger issue.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Can_DAO_governance_work_at_scale\"><\/span>Can DAO governance work at scale?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">Participation is also<\/span> <span style=\"font-weight: 400\">very low<\/span><span style=\"font-weight: 400\"> in many DAOs. This is likely due to not understanding the tech, apathy or members busy lives. The bigger the DAO, the smaller the number of voters that vote, thats apathy but also culture, says Freuden.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Freudens report cites Dunbars Law, a British anthropologist, who argued that people can only maintain a total of about 150 relationships, noting that:<\/span><\/p>\n<blockquote class=\"pullquote align-center\"><p><span style=\"font-weight: 400\">The larger the DAO gets, the less influence the individual exercises, as their perception of their voting power becomes diminished or inconsequential once the individual becomes a smaller part of a large group. This can be seen via Dunbars Rule and the Ringelmann Effect, which states that members of a group become lazier, disenfranchised and more detached as the size of their group increases.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Freuden says that we need to understand how humans relate to operate a DAO. For this reason, he believes DAOs may work best as an investment fund vehicle, rooted in Cryptoland and function better if small in scale. <\/span><span style=\"font-weight: 400\">SyndicateDAO, for example, enabled the <\/span><span style=\"font-weight: 400\">creation<\/span><span style=\"font-weight: 400\">of 450 new investment group DAOs in just three weeks.<\/span><\/p>\n<p><span style=\"font-weight: 400\">For example, FlamingoDAO, a celebrated NFT curation investment DAO, had a maximum of 100 investors due to U.S. Securities and Exchange Commissions regulations. The so-called LAO is a member-directed venture capital fund and a registered LLC in the United States. They have limited membership to only 100 members in compliance with U.S. Securities law with a 120ETH minimum staking contribution.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Still, how were investment decisions made by FlamingoDAO? Did all 70-odd members have a say regularly? Art and NFTs are highly speculative.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>(function() {window.mc4wp = window.mc4wp || {listeners: [],forms: {on: function(evt, cb) {window.mc4wp.listeners.push({event   : evt,callback: cb});}}}})();<!-- Mailchimp for WordPress v4.8.7 - https:\/\/wordpress.org\/plugins\/mailchimp-for-wp\/ --><\/p>\n<div class=\"mc4wp-form-fields\">\n<div class=\"jeg_mc4wp_heading\">\n<h3><span class=\"ez-toc-section\" id=\"The_best_of_blockchain_every_Tuesday\"><\/span>The best of blockchain, every Tuesday<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>  Subscribe for thoughtful explorations and leisurely reads from Magazine.<\/p>\n<\/div>\n<p>By subscribing you agree to our Terms of Service and Privacy Policy<\/div>\n<p><label>Leave this field empty if you&#8217;re human: <\/label><\/p>\n<div class=\"mc4wp-response\"><\/div>\n<p><!-- \/ Mailchimp for WordPress Plugin --><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">Thus, there is a belief that investment DAOs work well in the small petri-dish environment. This is due to pooled capital (a max of 7% contributions per member) and crowd-sourced knowledge in a crypto-native club.<\/span><\/p>\n<p><span style=\"font-weight: 400\">While scalability may be an issue, every DAO will operate differently depending on the aim, the stage of tech development and the personalities within. <\/span><span style=\"font-weight: 400\">Tech people are accustomed to meet ups and hackathons for collaborating around a cause or exploratory idea. But, someone or something still organizes the hack.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Mass_voting_via_holographic_consensus\"><\/span>Mass voting via holographic consensus<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">However, there are lots of clever people working on creative solutions to every problem.<\/span><\/p>\n<p><span style=\"font-weight: 400\">DAOplatform.ios Miller cites <\/span><span style=\"font-weight: 400\">DXdao,<\/span><span style=\"font-weight: 400\"> as an example of a successful DAO. <\/span><span style=\"font-weight: 400\">DXdao<\/span><span style=\"font-weight: 400\"> is a collective that builds and governs decentralized products and services and runs the DAO completely on-chain. You earn governance rights by contributing to the community and must keep contributing to keep voting.<\/span><\/p>\n<p><span style=\"font-weight: 400\">DXdao, a fork of<\/span> <span style=\"font-weight: 400\">DAOstack<\/span><span style=\"font-weight: 400\">, also deploys a system of economic curation of proposals known as<\/span><span style=\"font-weight: 400\">holographic consensus<\/span><span style=\"font-weight: 400\">, a voting algorithm invented by DAOstack founder Matan Field. The system allows a random or semi-random subset to make decisions for the group as a whole.<\/span><\/p>\n<p><span style=\"font-weight: 400\">DXdaos Luke Keenan explains to Magazine that a small predictions market economy emerges around the likely outcome of a proposal as tokens are staked on it, which increases the potential influence of the issue by acting as a gatekeeper for voters. Additionally, proposals that have been given a financial incentive (boosted) have fewer prerequisites to be considered successful, resulting in increased system efficiency. DXdao makes decisions by removing voting power as an economic incentive.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Field, noting that scalable DAOs are indeed my focus, explains that the main point is that holographic consensus <\/span><span style=\"font-weight: 400\">does not require a quorum<\/span><span style=\"font-weight: 400\"> to render a vote valid.<\/span><\/p>\n<blockquote class=\"pullquote align-center\"><p><em>Rather, it provides a different parallel process to do so. This other parallel process is a prediction game played (for profit) by the predictors who can be anyone and not particularly voters  they can even be A.I. bots  who make predictions about whether a certain vote will be eventually approved or not by the voters. If, for a long enough period of time, enough stake is being placed over the prediction that the vote will be approved, then the voting process is considered valid, even when the voting quorum is low.<\/em><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">In other words, a quorum is not a resilient strategy for DAO governance at scale, says Field.<\/span><\/p>\n<p><span style=\"font-weight: 400\">So, you dont need large votes on every issue. If only 5% votes, thats fine. But, if the proposal moves a significant amount of value or makes a significant change, you require a longer, say a 30 day, voting period and a higher quorum,<\/span><span style=\"font-weight: 400\"><\/span><span style=\"font-weight: 400\">says Miller.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Clearly, <\/span><span style=\"font-weight: 400\">the DAO space is maturing. Theres less of a focus on voter turnout and<\/span><span style=\"font-weight: 400\"> more of a focus on tools<\/span><span style=\"font-weight: 400\"> like Orca and processes that mean power is delegated to smaller sub-DAOs, committees and working groups.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Miller also argues that studies in psychology show that if you reward people too much for participating in a volunteer activity, then you disincentivize them. So, depending on what your DAO does and what type of contributions you are looking for, you may want to offer symbolic rewards such as<\/span> <span style=\"font-weight: 400\">POAPs<\/span><span style=\"font-weight: 400\"> or contributor levels, rather than focusing on giving out tokens for every activity.<\/span><\/p>\n<blockquote class=\"pullquote align-center\"><p>Free lunches offer less intrinsic rewards. Random rewards can provide more incentive.<\/p>\n<\/blockquote>\n<h4><span class=\"ez-toc-section\" id=\"Link_between_culture_and_incentivization\"><\/span>Link between culture and incentivization<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">One thing that DAOs can do (and Web3 <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly), is to reward early-stage users a product with effective ownership. They encourage early participation and bootstrapping before there are network effects, at least in theory.<\/span><\/p>\n<p><span style=\"font-weight: 400\">For Goldstein, DAOs are a double-edged sword. They ferment evangelical communities in the developing world and may not be fully-scalable, period.<\/span><span style=\"font-weight: 400\"><br \/><\/span><span style=\"font-weight: 400\"><br \/><\/span><span style=\"font-weight: 400\">There always has to be a leader somehow, she says. If people dont want to volunteer for any given task, they wont.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Sometimes, DAO members have a feeling of ownership or entitlement. They are not the boss, but they feel that they should be able to see my calendar or that I should provide a daily report on my workday, complains Goldstein. I own three MasterNodes and I demand to know X, Y and Z, they may say.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As with most decentralized projects, having strong community leaders to influence the culture is paramount.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Freuden notes that the the DAOs community builder is the influencer of cryptoland. They disseminate the DAOs culture, the cause and rally the troops and also need to speak in English, not tech.<\/span><\/p>\n<p><span style=\"font-weight: 400\">They need to keep member spirits high.<\/span><\/p>\n<p><span style=\"font-weight: 400\">So, the community builders role is crucial. Building a community around a coin that promises riches might be easy, but keeping the DAO members motivated as tech development stalls is essential.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This is a human task. But, there is a lot of focus on tools that measure contributions and then allocate tokens such as SourceCred or coordinate. Many DAOs also have large growth funds\/community funds\/grant programs that seek to incentivize development and get things done.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\"><\/p>\n<div class=\"jeg_postblock_carousel jeg_postblock_carousel_3 jeg_postblock jeg_col_8 jnews_module__1_6220d6c6cadde    \">\n<div class=\"jeg_carousel_post\" data-nav='' data-autoplay='true' data-delay='4500' data-items=\"3\" data-margin='20'>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Year 1602 revisited: Are DAOs the new corporate paradigm?\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-1602-DAO-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-1602-DAO-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-1602-DAO-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-1602-DAO-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Year_1602_revisited_Are_DAOs_the_new_corporate_paradigm-2\"><\/span>Year 1602 revisited: Are DAOs the new corporate paradigm?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> February 22, 2022<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Airdrops\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Airdrops-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Airdrops-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Airdrops-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Airdrops-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Airdrops_Building_communities_or_building_problems-2\"><\/span>Airdrops: Building communities or building problems?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> February 18, 2022<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Crypto innovators of color restricted by the rules aimed to protect them\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Cryptocurrency-and-Legislative-Roadblocks-for-the-Unbanked-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Cryptocurrency-and-Legislative-Roadblocks-for-the-Unbanked-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Cryptocurrency-and-Legislative-Roadblocks-for-the-Unbanked-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Cryptocurrency-and-Legislative-Roadblocks-for-the-Unbanked-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Crypto_innovators_of_color_restricted_by_the_rules_aimed_to_protect_them-2\"><\/span>Crypto innovators of color restricted by the rules aimed to protect them<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> February 14, 2022<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Tokens property ladder\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Using-Tokens-to-get-on-the-Property-Ladder1-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Using-Tokens-to-get-on-the-Property-Ladder1-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Using-Tokens-to-get-on-the-Property-Ladder1-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Using-Tokens-to-get-on-the-Property-Ladder1-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Building_blocks_Gen_Y_can_use_tokens_to_get_on_the_property_ladder-2\"><\/span>Building blocks: Gen Y can use tokens to get on the property ladder<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> February 11, 2022<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Web3\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/01\/magazine-Web31-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/01\/magazine-Web31-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/01\/magazine-Web31-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/01\/magazine-Web31-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"What_the_hell_is_Web3_anyway-2\"><\/span>What the hell is Web3 anyway?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> January 31, 2022<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div><\/div>\n<\/p><\/div>\n<p><\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"The_Future\"><\/span>The Future?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">Maybe all DAOs need is a critical mass of onboarding, committed volunteers to emerge and a legendary community builder to herd the flock.<\/span><\/p>\n<p><span style=\"font-weight: 400\">DAOs are unique for their ability to bring together a passionate (sometimes obsessive community) in a day. But, for organizations built around a shared goal, managing expectations for all stakeholders is key.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The key element of a DAO is community and cause, not scalable governance mechanisms. Gaming communities work at scale, thats how DAOs will work, but we will have sub-DAOs everywhere like sub-committees, opines Freuden.<\/span><\/p>\n<p><span style=\"font-weight: 400\">And, as Field notes, new crypto-native voting mechanisms such as holographic consensuses can handle, in principle, a higher and higher rate of proposals by turning this tension between scale and resiliency into an economical cost. Scalability is possible but not ensured.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The fragmented workplace also remains the key innovation of the DAO. So, for Freuden, voting is a subset of engagement. The purpose of DAO should allow permissionless engagement and permissionless contributions. DAOs mean people can work remotely.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In 20 years, DAOs may be the AI-powered self-organizing concept that has long been imagined. For now, that seems a long way off. But, we are witnessing the maturing of a new breed of productivity coordination organisms.<br \/><\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<div class=\"jeg_postblock_carousel jeg_postblock_carousel_3 jeg_postblock jeg_col_8 jnews_module__2_6220d6c6cd01f    \">\n<div class=\"jeg_carousel_post\" data-nav='' data-autoplay='true' data-delay='4500' data-items=\"3\" data-margin='20'>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Year 1602 revisited: Are DAOs the new corporate paradigm?\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-1602-DAO-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-1602-DAO-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-1602-DAO-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-1602-DAO-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Year_1602_revisited_Are_DAOs_the_new_corporate_paradigm-3\"><\/span>Year 1602 revisited: Are DAOs the new corporate paradigm?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> February 22, 2022<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Airdrops\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Airdrops-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Airdrops-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Airdrops-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Airdrops-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Airdrops_Building_communities_or_building_problems-3\"><\/span>Airdrops: Building communities or building problems?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> February 18, 2022<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Crypto innovators of color restricted by the rules aimed to protect them\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Cryptocurrency-and-Legislative-Roadblocks-for-the-Unbanked-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Cryptocurrency-and-Legislative-Roadblocks-for-the-Unbanked-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Cryptocurrency-and-Legislative-Roadblocks-for-the-Unbanked-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Cryptocurrency-and-Legislative-Roadblocks-for-the-Unbanked-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Crypto_innovators_of_color_restricted_by_the_rules_aimed_to_protect_them-3\"><\/span>Crypto innovators of color restricted by the rules aimed to protect them<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> February 14, 2022<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Tokens property ladder\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Using-Tokens-to-get-on-the-Property-Ladder1-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Using-Tokens-to-get-on-the-Property-Ladder1-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Using-Tokens-to-get-on-the-Property-Ladder1-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-Using-Tokens-to-get-on-the-Property-Ladder1-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Building_blocks_Gen_Y_can_use_tokens_to_get_on_the_property_ladder-3\"><\/span>Building blocks: Gen Y can use tokens to get on the property ladder<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> February 11, 2022<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Web3\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/01\/magazine-Web31-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/01\/magazine-Web31-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/01\/magazine-Web31-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/01\/magazine-Web31-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"What_the_hell_is_Web3_anyway-3\"><\/span>What the hell is Web3 anyway?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> January 31, 2022<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div><\/div>\n<\/p><\/div>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\"><\/span><\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\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><\/p>\n<\/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\/magazine\/2022\/03\/03\/how-do-you-dao-can-daos-scale-burning-questions\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#How do you DAO? Can DAOs scale and other burning questions&#8221; &lt;p&gt;&lt;strong&gt;DAO: Decentralized. Autonomous. Organization.&lt;\/strong&gt; The whole phrase is a misnomer. Theyre not decentralized, not autonomous and they are not organizations, Monsterplay blockchain consultancy founder David Freuden tells Magazine. Freuden co-authored a 51-page report on DAOs in May 2020 in an attempt to help realize&#8230;<\/p>\n","protected":false},"author":1,"featured_media":411733,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/02\/magazine-How-do-you-DAO-Dummies-guide.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-411732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/411732","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=411732"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/411732\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/411733"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=411732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=411732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=411732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}