DAO: an important document for a future corporate relationship

The rapid development of blockchain technology in recent years has given rise to the decentralized autonomous organization DAO. As a result of the reorganization and management, the DAO has changed the rules of the previous administration and has an impact on the future development of the industry. Changes in the structure and form of organization of the community, and even of people, can have a profound impact.

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Source of DAO

The concept of Distributed Autonomous Organization (DAO) was first proposed by American author Ori Brafman in his book "Starfish and Spiders". In his book, he compares average organizations to spiders and decentralized organizations to starfish.

Description: Spiders are cell tissues and cannot survive if their heads are cut off (all tissues). Starfish are made from the bones of each other's brain with no spaces, and any tent torn by starfish can become an entire starfish. Starfish and spiders therefore represent decentralized and centralized organizations in the real world. When the Starfish Association ran into trouble and conflict, it grew into a small organization that continued to function, but the Spider Society did not continue to function even though its head was severed. On the other hand, the operations of decentralized star-type agencies could be considerably stronger.

DAO, also known as Decentralized Autonomous Organization, Distributed Autonomous Organization. DAO is an app and innovation organization that has been going on for over a decade with the development of blockchain, an unreliable and anonymous strategy for collaboration and decision-making.

DAOs are more secure because no one controls the organization. And because DAO is a decentralized, licensed blockchain technology, it can be self-regulated without any interference from anything else. He also planted the seeds for the formation and development of future DAOs.

DAO VS Traditional Company

DAO stands for Decentralized, Autonomous and Organizing, literally, decentralization is the decentralization of rule making and enforcement, and autonomy means that society decides on its own rights. The development of DAO relies on blockchain technology and its daily implementation of blockchain, a classification in the industry. Once the distribution is complete, the blockchain smart contract platform ensures that companies improve the integrity of rules to create policies. , and the power to create policy can be transferred to the community through the development of plans.

In a typical business enterprise, the decision of the organization depends on the number of people. Companies have owners, executives, executives, CEOs and other executives, and often have an interest in these responsibilities. Members of the organization have not been involved in important decisions and development processes, and integration is still essential in good organizations today that oppose persistent and open democracy.

At the start of a DAO release, there is a large group, and with the exception of the development group, individuals can join, and who can become members. The same team as the company. However, the formation of the DAO, the main hope is that it will gradually expand after the transformation of the hierarchy less transparent and strong, and the end of the organization's decision will follow more consensus and ultimately tasks. Based on this, we can see that DAOs have many similarities for business.

DAOs have been more involved, giving all entrepreneurs an equal chance to ensure the organization's future success and have a say in decision-making. Since the organizational structure is not limited by the usual hierarchical lines of management, all new ideas and recommendations can be decided throughout the organization.

In addition, as the DAO puts it on the blockchain, all financial transactions, rules, regulations and decisions are recorded in a public ledger for all to see. Accepting an agreement also means that everyone is involved in making decisions about how the organization spends their money and keeps track of how much they spend.

CAD development mode

DAO protocol

Policies such as MAKER, Aave, Compound, and Uniswap are often subdivided into governing bodies that distribute key symbols to communities so that community members can vote on network decisions (such as instrument adjustment or smart contract modification). The difficulty of these decisions and the previous experience that must be understood or applied to them enables people to fulfill the many commitments to become a thought leader in their management field.

For example, UNIswapDAO, UNI token holders can send recommendations to fix or introduce new features and get approval from other community members. Previously, however, the recommendation could only be subject to a community decision if each applicant had at least 2,500,000 UNI addresses.

Investment DAO

DAOs that specialize in investors or multiple investments where the environment typically requires stakeholders to allocate capital to the organization in order to gain voting rights, which will help decide whether DAO should be a joint venture .

Although DAO's current investments are still subject to legal restrictions, DAO's birth of capital proves the feasibility of the new investment model. several projects.

DAO members share their expertise to create documents that meet their or all of their goals. Examples of investment DAOs include Stacker Ventures and BitDAO. The behavior and direction of BitDAO is determined by the vote of the BIT token, and the Defi field is an investment. They invest in a variety of best practices, make future profits, and then come back to investors.

DAO for the intestine

After NFTs entered the mainstream, NFT's collecting-focused DAOs collection was born. Organized groups make glue for special artists, platforms or series, helping them to have a healthy and lasting function. The main purpose of writing DAOs is whether community members decide to join and invest, own or publish an NFT art collection, and sign up to own an NFT collection.

Jenny DAO is a community leader, writing NFT Artwork DAO which received NFTs and Museum Management Additions via the Unicly Protocol Smart Contract. It was only after Jenny crossed the board that they hit the starting point and introduced the smart contract to open the chair so they could invest and manage the project.

service DAO

Service DAOs are the distributors of acquired capital and use supply chain certification to transfer and distribute resources from one DAO to another. A service oriented DAO creates a team of people and works for the open Internet.

From law to innovation, management to business and development to financial management, DAOs contract with “digital wanderers” in the Web3.0 world, and their role often receives special gifts. For example, DXDAO provides election giveaways. For contributors to DXDAO products, discussions and community ideas, it also represents members of the value they create for the network.

DAO sociale

In a sentiment-driven business, social DAOs focus on investing rather than investing in capital. Social DAO is an exchange of group chats, and friends end up becoming colleagues. Broadcast made every media entrepreneur, and social DAOs made every group digital marketing conversation. Social DAO is proving people that crypto isn't the only place to make a quick buck, the internet is the best way to serve popular interests.

Social DAOs build a strong and vibrant community based on self-assessment and community consensus. The structure is very detailed. Bored Ape Yacht Club and Bored Ape Kennel Club both belong to this community.

Of course, fully implementing DAO, Metaverse, and Web3.0 still requires some patience, so let's take a look at the current improvements in this area. With its low-profile design, DAOs are connected to many parts of the crypto industry, and DAOs can be seen as the intersection of popular segments of the crypto industry.

DAO in the cryptocurrency industry

DAO × DeFi: The key to DeFi's evolution

DAO generally appears in two forms in the field of DeFi. The first is Venture DAO, which invests heavily in DeFi operations, bringing together the individual strengths of the DAO organization and leveraging expertise to reduce investments. This type of DAO can seek and research investments in the DeFi sector, raise funds through the electoral process and the organization's smart contracts, breeding plans, and then generate income. Agencies include ForceDAO and AladdinDAO.

Venture DAOs don't just work in the DeFi arena, they can be seen across all popular industries. In these DAO organizations, all members can make investment recommendations for the DAO and choose the best jobs for the community through a competition. This allows Venture DAOs to combine expertise from multiple industries while working with capital and network members.

Another is that DAOs have become partners who help develop contracts. In other words, DeFi operations directly adopt the DAO management model, allowing insurers to participate in the ecosystem and share in the profits. In these functions, token holders, as members of the community with the right to make decisions, can design and improve processes and applications by consensus, and when organizations use DeFi products as a means of payment and distribution, DAOs are not the basis. and digitization. Organizations in this area include MakerDAO (MKR) and SynthetixDAO (SNX). With the improvement and redesign of DeFi, this model has been adopted by more and more functions.

Currently DeFi is undergoing an overhaul and the concept of DeFi 2.0 is still being discussed and implemented. DeFi2.0 is committed to transforming the capabilities into a standard layer of DeFi and achieving stable performance. The adoption of the standard DAO management system has become one of the standards which stands for DeFi1.0 and DeFi2.0.

DeFi2.0 requires multiple data encryption organizations and standards management, i.e. virtual administration. Ecological governance and decision-making power is vested in community members, all of which are affiliated and historically affiliated organizations. To prevent the position from being managed by the great whale, the risk of Management Token holders changing their contracts is also reduced. Currently, the most popular DAO in the DeFi2.0 field is OlympusDAO, and there is speculation that most of the participants in the future DeFi2.0 Tokemak project will be a DAO organization.

DAO × NFT: Community of temperature and resonance

The combination of DAO and NFT has led to a change in the business model. Currently, most DAOs hold, vote and administer ERC-20 tokens, but in this process the participants in the management must be the investors, and the management can also be controlled by scientists. As a result, some DAOs use NFTs to select votes so that all members receive a fair constitution.

Regarding special applications, over the past two years, many new DAOs have focused on collecting and investing in NFTs, and have sustained and increased the value of NFTs through community mobilization. Additionally, since some expensive NFTs are not market-friendly, competition from many DAOs has arisen. In this type of DAO, members have the right to decide which NFT to invest in, and they can share NFTs that have been purchased or leased, modified or used on another DeFi platform as agreed. Representative organizations include PleasrDAO and PartyDAO.

NFT partners also benefit from non-financial activities.Hence, there is a rich DAO ecosystem in this area, creating a warm and resonant community.For example, in some NFT-based social DAOs, individuals will be the same collection of NFTs creating a community with a unique ID to maximize capacity. This summer, NFT avatars like BAYC and Cryptopunk sold out for exorbitant prices, enough to get a warm response from the community.

There is also a content development and export platform developed by DAO. The basic structure is:Tokenize owners of digital content using NFT to create a closed loop of content based on production, investment, exchange and use.The crowds gathered around the content have created ad hoc DAOs to participate in the creation of illegal content, and loose connections and more make the production even more powerful.

DAO × GameFi: The Future of the Meta-World is Here

GameFi games, especially the recently emerged meta-world game series, attempt to create a completely decentralized world. These types of games themselves are regulated by the DAO,Players can vote to determine how the game world works, have full ownership of in-game equipment and treasures, and finally experience.

In addition,The popularity of GameFi is also linked to the upgrade of some DAOs.For example, support DAOs like YGG Game Guild, Merit Circle, etc. provides GameFi resources, facilities and skills, and more players can agree on better rules and better game design.

GameFi is an important access to the Metaverse, and it's also the furthest away of all the Metaverse apps at this point.Many sports organizations and DAOs continue to expand their community membership in the digital world, issue tokens and establish a direction to start their own businesses. GameFi's multiplayer design and leadership is the future of the meta world.

DAO's Prospects

With the growth and development of DAOs, more and more crypto / currency organizations are joining the wave of change in the process of modern cooperation and integration. I believe DAO will gradually break the chains of traditional ideas and the crypto industry in the next generation, and more young people will participate.Manufacturers who are willing to accept new and improved products will pay a dividend in the market.

DAO will make the most of research discovery, joint venture capital investment, joint venture with the most favored and favorable people in the field of green development and improvement, and will continue to connect to explore models of governance as it plays a role in various disciplines and disciplines. . Regional issues, key business metrics will be developed, and new organizations will emerge to make the most of the Internet at scale.As management research for the relationship between new organizations and social models, DAO will certainly continue to advance in the development of Web3.0 and even the global meta.

In the future, DAO may become an integral part of corporate relationships that enables organizations to be more efficient and productive and to create new business relationships.

Drifting Board MDBD is the world's first physical system that uses online software to connect to offline products., using the Distributed Autonomous Community (DAO) for the self-regulatory and profit-sharing system model based on the world's first joint venture to address issues related to a metamondial experience.