Weekly Review
The multifaceted nature of the DAO is both the problem and the solution enabling us to evolve to the next paradigm. Simply by asserting that ‘the economy is not our destiny,’ we alter the prime directive of our current orientation, built on centuries of capitalist profit motive domination and exploitation, despite the innovative gains of a free-ish market. By imposing the new dynamic of “network effect” and “community” onto our modes of working, we throw into chaos the idea of “business as usual.” All of our dreams to unite and focus and achieve purpose must now circulate through the blockchain of a hive mind in order to manifest. This takes time. This involves studying abstruse governance theory, political history, organizing digital voting polls, yielding one’s “best” idea to a majority vote and much more. Yet this ‘new’ method ensures the best consensus formation as there is constant bouncing off of other minds in the same pleroma. While Community is the foundation of the 4th Industrial Revolution, as our editor Alina Okun brilliantly argues, Concurrence is the path to realization. And Concurrence depends on Compromise as the core principle. The other alternative is achieving an aim through Force or Conquest.
In CommDAO this week, we continued to reach out into the Ravencoin Community and made many new friends. We have discovered that we are currently the ONLY DAO forming on the Ravencoin Blockchain! This makes us unique in the entire spectrum of DAO development. We connected with a great project called the Raven Wall, stacking protocols based on Ravencoin:
To see our Commtoken logo and link on the Ravenwall, check here:
Help us gather more Ravencoin advocates into the fold!
Alterverse…
See fresh new fly-thru of Sky City in Alterverse: Welcome to Sky City, the Central Hub of the AlterVerse
We also continued talks with Alterverse and secured a basic structure for how the Commtower NFT drive will be organized, which will be refined into more interactive sales models soon…
3 Current Designs up for becoming the CommTower in Sky City:
And in the midst of collaborating with Voice DAO on the subject of a quiz game, we developed a basic primer for understanding how to earn/receive C0MMs…
Other than that, the biggest news is that we are witnessing incredible growth on both our Twitter page and Discord server. The party is here! A fabulous signal as we have so many projects that need sharp minds and fresh energy. This is partly due to our amped up efforts to reach new plateaus of support in order to realize our goal of building the Commtower, which will be a huge step forward for the permanent recognition of CommDAO as a force in the new paradigm…
Please review our Mission and Objective statements:
https://pulsar-innovation.notion.site/Community-DAO-81d4b851548247678c145ee97dd2b8a2
Stats
Twitter Followers: 1,054
Total Members: 394
Columns / Community Voices
Alina’s Alignment
The Power of Smart Contracts and How Companies from Different Industries are Starting to Use Them
A lot of hype has been going around the blockchain and smart contracts, but what are smart contracts? How can they help your business? This article will go through what smart contracts are, why they are important, and how they can be used.
What are smart contracts?
Smart contracts are self-executing computer programs that contain the logic and rules to automate legal agreements between parties. They are written in code (i.e., software) that runs on blockchain networks. They remove the need for intermediaries, such as lawyers or notaries, to verify or enforce the terms of the agreement between parties. This makes smart contracts quicker, cheaper, and more secure. They also ensure that disputed transactions can't be reversed by one party unilaterally, i.e., without all parties' consent.
Since smart contracts are visible to everyone on the network and cannot be altered by anyone once published, they create transparency in business transactions by providing accountability for all parties involved. Smart contracts remove human error, streamline processes, and make businesses more efficient.
Smart contracts make it possible for individuals or companies who don't know each other personally to conduct business with each other. They also create trust between parties and ensure that every party involved will fulfill their obligations once specific conditions have been met.
Smart contracts were first described in 1994 by cryptographer Nick Szabo. He was one of the first people to understand that blockchains and digital currencies could be used for more than just monetary transactions. The creation of Ethereum made smart contract functionality possible for the first time.
Smart contract examples by industry
Smart contracts can be applied in any industry where transactions must be verified and agreements enforced. Various industries are already starting to utilize smart contracts, including banking, energy, real estate, insurance, healthcare, and government.
Banking: Smart contracts can allow financial transactions, such as loans or payments, to be automatically processed upon the satisfaction of pre-agreed conditions. For example, smart contracts could be used to make a payment to a service provider when a task is completed. Smart contracts could also be used in banking to ensure that important documents cannot be altered or tampered with once they have been signed.
Supply chain management: Smart contracts can streamline and improve the efficiency of supply chains by tracking shipments and payments in real-time. For example, if a shipment is delayed, the smart contract could be programmed to alert the customer automatically to give them time to react appropriately.
Energy: Smart contracts can facilitate the trading of energy among households with solar panels. For example, homeowners who are generating more energy than they need could sell the excess energy to their neighbors at an agreed-upon price.
Real estate: Real estate agents and brokers can use smart contracts for property sales and transfers. Smart contracts reduce paperwork by storing all the relevant documents on the blockchain network. A property title transfer can also be automated with smart contract technology so that when certain conditions are met (for example, payment is made), title transfers from one party to another automatically.
Insurance: Insurers can utilize smart contracts to verify claims before an insurer issues payment. If the claim is valid, they could issue an automatic payment via a smart contract.
Healthcare: Smart contracts can be used in healthcare to verify patient data before a hospital or doctor performs a procedure. This will help to solve issues within the industry, such as medical errors that occur due to miscommunication. For example, suppose a patient has an allergy to the medication. In that case, they could input this data into a blockchain-based system, and no one could perform any procedures without verifying this information via a smart contract first.
Government: Smart contracts can be used in voting systems to ensure transparency and accuracy. This will allow people to be confident that their votes are recorded accurately without worrying about fraud or manipulation from within the system.
Entertainment: Profits from a film could be automatically distributed to the respective parties using smart contracts. Depending on agreed-upon terms, smart contracts can allocate payments to actors, crew members, or even an investor's bank account within minutes of the movie's release.
The future of smart contracts
The future will not be centered around middlemen. People want easy, accessible, secure options that require minimal effort. Smart contracts are a convenient way to make that happen.
They are extremely versatile and can be used in many different forms. Whether you're a small business owner or a Fortune 500 company, there is probably a way that smart contracts can be beneficial.
Ultimately, smart contracts are still in their initial stages, but the potential is undeniable, and it's only a matter of time before smart contracts become mainstream.
Non-Fungible Fungi 🍄🍄🍄
5 Steps to Becoming Full-Time Web3 Content Writer
Web3 has a ton of complicated concepts and content writers are the ones who help distill these concepts into easy-to-read and understand articles or threads.
Tons of web3 companies are in search of content writers to man their content creation strategy but the number of people who can write fantastic web3 content is few. Here are 5 steps to becoming a web3 Content Writer.
Select your web3 niche
Select your medium
Learn extensively about web3
Start creating content about your selected web3 niche on your selected web3 medium
Start applying for jobs
1. Select your web3 niche
A mistake most new web3 content writers make is trying to become the “web3 guy/gal” instead of choosing a specific part of web3 and distilling that down. No one writes about web2 but about various parts of web2.
If you Like NFTs make your niche specifically about NFTs. If you are part of DAOs make your niche specifically about DAOs. If you’re into DeFi make your niche specifically about DeFi.
Now if you want to take it one step further and niche down the niche, which will give you an advantage as there are fewer people with the in-depth knowledge. A practical way of niching down the niche is instead of writing about DAOs you write about governance and different frameworks of governance or write about organizations in DAOs.
Instead of writing about DeFi at large, you write about staking or yield farming.
2. Select your Medium
One thing about web3 is that there are 3 different mediums of communication. Medium, Twitter threads, and Mirror. You need to master at least one of these platforms to the bone. The lingo, the type of people who use the platform, the way distribution works, what type of title works, and many more.
Mirror has web3-specific users, who really understand web3 and are very familiar with the lingo. The typical Mirror user is most likely a degen fully engraved in the web3 ecosystem.
Medium has a much more professional userbase. These are people who enjoy reading and digesting information. People on Medium are usually eager to learn, so writers can go deeper into concepts.
Twitter threads are a completely different type of content medium for web3. The majority of people on Twitter don’t have the longest attention span and don’t want to get too deep into the weeds so the type of content to be shared would be more surface-level concepts than anything.
3. Learn extensively about web3
In as much as you want to niche down, you also want to learn generally about web3 and have a fundamental understanding of the concepts. As a DAO expert, you’re still expected to have a solid knowledge of NFTs and DeFi maybe even tokenomics.
You don’t necessarily need to know the ins and outs right to the bone but a more than average understanding of web3 is needed.
4. Start creating content about your selected web3 niche on your selected web3 medium.
This is the main thing: writing articles to really display your knowledge and skills. This will serve as your portfolio to show what you’ve done.
You can also complete some bounties: https://www.voicedao.fun/bounties to get some practical web3 exposure.
5. Start applying for jobs
Depending on if you want to go freelance or get hired, start applying for various roles/gigs. If you’re completely new, we’ll advise you to go with freelance gigs to start, then build your portfolio from there.
Freelance gigs can also lead to you going full-time.
Start your freelance career here: https://www.voicedao.fun/freelance
Start applying to full-time roles here: https://www.voicedao.fun/jobs
What are Web3 Bounties and How to Get Started?
Bounties in web3 have become a massive norm and engraved in web3 work culture. Bounties are a permissionless way for people to get started with working in web3.
The talent supply in web3 is quite small compared to the demand from various web3 projects. There are 100s of DAOs, 1000s of NFT Projects, and 100s of DeFi projects, which all need people to work on them. Also, not all these projects can afford a full-time developer, designer content writer, social media manager, and community manager.
Bounties have become a way for these projects to get the necessary talent without the cost and risk of a full-time hire.
Bounties have also been a way for skilled people to contribute at the forefront of web3, earn income, while also staying free and not answering to a boss. It has also become a low-risk learning curve for people looking to make the transition from web2 to web3.
Tens of millions of dollars have been poured into bounties, and the space seems to be growing and encompassing new opportunities.
With this rise in popularity, it’s becoming harder to stand out.
Why perform a bounty?
A common argument against bounties is that you don’t get compensated for performing the bounties (you can earn NFTs if you perform bounties listed on Voice) even if you did a good job but didn’t win. Most bounties now pay compensation to the top three contributors.
1. To get a taste of what working in web3 feels like
There’s a notable difference when working in web2 than in web3. You form direct human relationships (which can serve as networking) when performing bounties.
While working on a bounty you familiarize yourself with the nitty-gritty of web3, from the lingo to the technology to the people. This can be valuable in the future.
2. Building your web3 reputation
A massive upside to performing bounties in web3 is the fact that you begin the process of building your reputation in web3 for when you may want to get a full-time job in web3.
Every web3 project wants to know what your web3 experience is when you are applying. Saying you have performed multiple bounties (and having the NFTs to prove it ) goes a long way.
3. You earn NFT badges for your work
This is a self-plug :) but let’s be honest, earning NFT Badges that prove you did a particular high-quality task in the NFT space is valuable for both building a reputation and having a viable web3 work history. If you perform any of the 100s of active bounties or freelance gigs listed on Voice and submit your work for an NFT badge, we’ll review it for quality (just to make sure people aren’t just submitting low quality work for NFTs) then mint an NFT Badge for you with your address and title for the work you did, then send it to you All for Free. This way you are building up your project base and anyone who views your collection has an idea of what you’re good at. Check out voice here: https://www.voicedao.fun
End of the self-plug, thanks for reading :)
4. Get Hired
An effective way to get hired without going through the application process is to perform a bounty so impressively that the project decides to hire you. There’s very little loss on your side but the upside is massive.
How to get started with bounties
1. Use a Bounty Board
Bounties are spread all over the web, and the best way to get started is going through a Bounty Board. Layer3 and VoiceDAO are the best in terms of bounties listed for every type of skill from writing to development to design.
2. Choose a Bounty that fits your skill
Go through the bounties listed and choose one that fits what you can do and pays considerably well, in context with the work you’ll put in.
3. Digest the task, write an outline and try to reach out to the team
Once you choose a task, try to understand it, write an outline (or summary), then reach out to the team to see if you can show them what you got to confirm you’re on track.
4. DO IT and SUBMIT
Perform the task and submit it. You’ll definitely not be the only one who did the task but you have got a shot.
If you got the bounty off voice, submit your work so you can receive an NFT badge for the work done.
Thanks for reading, If you want to go full-time web3 check out voice: https://www.voicedao.fun/
Ambassador Report
Good Morning/Afternoon/Evening @everyone! Join our discord referral program as we embark on the journey of growing our discord server to beyond 500 members We'll be unleashing our NFTs, same as our work-in-progress CommTower immediately we hit 500 members on Discord. To achieve that, we are hosting one month referral program which begins today, Monday 25th April till Wednesday 25th May 2022. Reward: We'll reward the top 5 referrers as follows:
First place: $30
Second place: $25
Third place: $20
Fourth place: $15
Fifth place: $10 All in Ravencoin (RVN)
An additional 1000 C0MMs and 1 NFT bundle to each of the top 5 winners.
You can visit our website https://commdao.org/ OR our Twitter handle @thecommunitydao for more info. Good luck!
Leaderboard/Ranking
Rank Twitter username
Alochinonye
UyBeneu
Mkay_vic
BlessingWinner
Emilyntweet
Industry News
The crypto boom opens door to a new class of landlords.
Tennessee becomes the second state to pass DAO legislation.