Who rules in a DAO? This is the most relevant question for consideration in the new paradigm emerging with web3. DAOs stand for “Decentralized Autonomous Organizations,” which is somewhat paradoxical sounding. We have something claiming to be both decentralized and yet organized. Computer programming enables an automation of a variety of protocols hitherto handled by imperfect humans, liable to corruption and failure. But certain tasks are still best handled/guided by the ingenuity of the human mind, leading and collaborating with other humans. And certainly, some people have a powerful vision about how things can be achieved more effectively and we should listen to those centralized, ubiquitous voices when they permeate the action of an organization striving for success. Genius is unique, individual, and impossible to automate. We are also still bridging many older forms of interaction, which involves a certain amount of compromise and mediation. According to Igor Ilyinsky (aka “Rogi”), leading light in the new industry, in his brilliant paper on the MEOW (Modular Enterprise/Organic Workforce) nature of DAOS, covered here and in our first “Rogi Report” in the column section this week, authentic decentralization within the types of newly emerging organizations, remains essentially, for now, a type of “ambition”:
The problem may stem in the DAO acronym itself, as it can be argued that
outside of the DeFi space, these entities are rarely decentralized; hardly
autonomous; and seldom well organized. Rather than thinking of the DAO
as an organizational structure, then, let’s consider it an ambition…
The ambition is simply that computer programs and algorithms can handle
the full management of a company without an operator… eventually. But for
now, the vast majority of business models will require considerable centralization,
at least at first. This is not to say that true DAOs do not exist. In fact, many do.
But their scope is very narrowly tied to functions that, once deployed, can be
automated on the blockchain. Currently, this includes investment or speculation
vehicles (such as crowdfunding), membership organizations (such as social clubs),
and work cooperatives (or guilds). It should be no surprise that these are the same
types of entities that began to form early in the roman empire’s history when
corporations were first known to formally be established.
This week we took up the dynamic between centralized and decentralized power in the context of DAO and Community formation, inside of “Community DAO,” with the resolution of our Commtoken Design contest, the 1st open bid cryptocoin contest in history, and the creation of our first formalized governance body, the “CommCouncil.”
Concerned about the fairness of the initial fast-poll vote on all of the designs, as it was open to the general public, as opposed to the more invested core membership operative in our Discord Server, we decided to create the CommCouncil, which would then have a run-off vote based on the top 7 designs receiving 3 or more votes. Here is my explanatory message of that motion:
Announcing the creation of the CommCouncil and the winning design of the Commtoken Design Contest!!! So, the winner of the fast-poll version of the vote that was sent to the general public (https://fast-poll.com/poll/898bcef8) was @wirdyo'niell! Congratulations! However, this vote was just the first stage in our consensus model.
For the run-off, we created the "CommCouncil" which is based on the top 9 most active participants in this server which are currently @Dev.N, myself, @Danoskie, @ebedossantos, @icon, @Trevor Smith.eth, @Ruffcut, @Kufire, @Johnpaul, verifiable in the 🏅┃rank-check thread. Membership on the CommCouncil will fluctuate depending on who remains the most active. #9 this week may get knocked out and surpassed by #10 next week, and so on. This is a key 1st step in the implementation of CommGame.
The structure of the CommCouncil ensures that the people spending the most time here making their voices heard, will have a hand in making group decisions. So, when the CommCouncil voted on the top 7 designs from the fast-poll that achieved 3 or more votes, @goindians design emerged as the new winner! See the attachment for the record of the vote, a fair and transparent process.
Congratulations to GoIndians! Commtoken allocations will also be generated for other participants and wirdyo will definitely get his share, too, for winning the fast-poll. In the next couple weeks, we will report on prize distributions, and the allocation of our new tokens. So, the new Commtoken will look like this:
And thus concludes the 1st cryptocoin open bid design contest in history!!! Will we soon see new merch offerings on the Discord and at our website? Check back with us frequently to find out!
Here at Community DAO we are learning about the process of new web3 models organically, as our 1st mission is community building, plain and simple. As each issue arises, we must innovate quickly, in order to create a solution, because active participants demand it. Significant leaps have been made in the past week towards structuring authentic, fair consensus-based governance and the imminent circulation of our first currency, the Commtoken.
On other fronts, our conversations continue with Alterverse and Metalife (formerly Metapads) about our coming CommNFT drive, the development of 3d models, and possible early entrance into new Metaverse worlds, when operating through the CommDAO gateway. Stay with us to catch updates on the latest progress. Enjoy the show, folks!
Stats
Twitter Followers: 897
Total Members: 362
Minutes
March 7, 2022 “CommToken Design Contest, NFT Collaborations & The Future of Community DAO”
In the real world of real estate, the commercial real estate industry appears to take pride in keeping many of its operations private, such as lease rental rates, property prices and valuations. This article aims to present the blockchain and smart contract for a specific domain: real estate. Currently, the online real estate business is at risk of fraud.
The main objective of this project (the Community DAO) is to create a platform to maintain transparency in the metaverse world so that no fraudulent activities can happen due to false contracts.
Blockchain uses the proof of work concept to ensure transactions, thus helping in removing denial of services.
Currently, due to digitization, even real estate business has switched online, but the participants of 3rd party vendors for transaction on the brokers still exist. The tedious work of contract file verification is done manually, and the existing system is still susceptible to fraud. The proposed system can be a better solution to the above-mentioned problems by removing a third-party dependency.
PROPOSED SOLUTION.
The website for property trading using blockchain or Ethereum has three roles, namely:
The buyer
The seller
The validators
When a transaction is initiated in Ethereum, a smart contract creates a block. Solidity language is used to code for blockchain in Ethereum.
In a decentralized system, the consensus algorithm has a framework based on various factors.
If the user is a seller, then the seller can post a property for sale. A seller fills his ether wallet and then uploads his or her property details on the website. Once the details are put in, necessary documents, such as smart contracts, are uploaded for verification. These documents/contracts uploaded by a buyer/ seller are validated using an algorithm called proof of authority, and thus a block is created.
Truffle, a framework of blockchain, is used to deploy smart contracts for the project. It is linked to Ganache, a platform that provides free 100 accounts on the Ethereum blockchain network.
The Modern Billboard Collective is combining the latest crypto tech with the oldest form of advertising.
canning the billboard feels more like navigating a community directory (by choice) than getting served ads in a Twitter or Instagram feed (with no agency).
Web3 advertising is making its debut.
A new collective is selling ad space on their websites as NFTs.
Lot holders bet on their favorite startups' growth.
Bid on or buy lots from these websites. Each lot is an NFT granting the ability to upload media & URL.
Keep it indefinitely or sell anytime.
What's in it for lot holders?
Align yourself with startups you believe in & get verifiable ownership
Make $ by owning a valuable piece of digital real estate
Self-serve advertising: online ads are overrun with middlemen exchanges
Passive community broadcasting
The Rogi Report
ListenUp! A MEOW DAO cometh.
👋 Let me tell you a story. Do you like stories? This story is actually about one of my favorite people. It’s about you. Well, not about you, but about where you are. What’s special about where you are? Do you even know? Would you believe me if I said that where you are, right now, has a fascinating story? Perhaps it may be a story you’ll remember forever. One you will tell for generations to come…
How can I be so confident? I don’t even know you, or where you even are. It’s because every place on earth has an interesting story. Someone knows that story. Probably not you - but that’s ok, because you have your own stories to tell about the places you’ve been. As you know, stories are what inspire people and keep humans motivated. And stories about places help us connect with them, others, and the one planet we all (currently) have in common.
So, I think you would agree with me that stories all have value. Some more than others. For instance, many people travel to Jerusalem and pay $100 each to hear a story about Jesus and walk in his footsteps. The same goes for stories about towns and historic accounts of people all over the world. In fact, 16 Billion Dollars a year was spent (pre-covid) on just those stories. But some stories don’t get sold (or told) at all. Their audience is too small to charge $100. Not enough people would pay that amount to hear about how your Aunt Millie climbed that scaffold to save the cat that was reincarnated as your neighbor’s dog. But maybe some folks would enjoy the story if they happened to pass by that scaffold. Maybe your great-grandchildren would really enjoy it. Point is... we all have stories, and they all have value.
What if we could tap into that value? What if we were to build a platform for sharing not just stories - but also information of various types - and built it with a blockchain so that we could easily reward contributions. What if we built this as a MEOW DAO and empowered the community to tap into that $16B market, plus some others. Are you not familiar with the concept? Perhaps you didn’t read the other paper. Go ahead - we’ll wait.
I’m going to stay on the topic of multigenerational living this week. So if you thought the prospect of living with your parents in a multigenerational home was scary, this topic may very well haunt your dreams.
Or maybe not. Just as multigenerational homes are gaining popularity post-Covid, multigenerational vacations have also gained popularity.
When you think of multigenerational vacations, you probably think of cruises first. I took my first multigenerational vacation this past December on a cruise. What I appreciated most was the variety of activities, both on and off the ship.
Also, the activities had a 1-3 rating system based on how strenuous the activity was. Thus, my group was able to mix and match certain activities based on their level of energy that day.
However, if staying in one destination is your preference, there are a number of places in the US that have attractions for all ages.
Over the last five years, Disney World has put in more marketing dollars to families that travel together with multiple generations. This makes perfect sense as they opened on October 1, 1971, and grandparents may have interest in nostalgic vacations if they’ve already been to Disney World.
So which other areas might interest a multigenerational family looking for their next vacation together?
If money is no object, families should start their search in Hawaii, or at an all-inclusive resort in Mexico. You’ll get more cost certainty at an all-inclusive resort, but you’ll have less variety in activities outside of your resort.
(Fun fact, Hawaii leads the US in multigenerational family homes at over 7%.)
Skiing trips are also popular for multigenerational families. Denver or Lake Tahoe area are still be the most popular, but Park City, Utah is catching up in popularity.
Depending on if your multigenerational family likes all four seasons, an underrated destination is Door County, Wisconsin. Referred to as the “Cape Cod of the Midwest,” Door County is home to numerous specialty shops, wineries, fish boils, and scenery that takes your breath away in the Fall. However, if you’re able to make it up in the Spring, your family will be able to experience their famous apple and cherry blossoms. If your whole family is active, then there are numerous state parks in the area to hike and discovery views you may not typically be used to.
Happy traveling!
Non-Fungible Fungi 🍄🍄🍄
A Beginner’s Guide to Joining a DAO
In case you don’t know what a DAO is, here’s an “Explain like I'm 5” one-paragraph explanation.
DAOs are Decentralized Autonomous Organizations, already that’s a mouth full but give me a minute. DAOs happen when a group of people with a common goal, mission and vision come together to achieve it in a decentralized way. We removed as many buzzwords as possible. A common meme definition is a group chat with a shared crypto wallet.
DAOs can be used for a vast array of purposes, from investing to building community to developing products.
1. Establish your goals
DAOs are highly mission-driven. Your personal passions and expertise should play a key role in which organization you join. The whole ethos of DAOs is to achieve a mission whether its BanklessDAO wanting to get the world bankless (power to the people) or MakerDAO whose goal is to maintain and regulate the DAI Ecosystem. DAOs are extremely mission-driven and whichever one you choose to join should align with your mission and philosophy.
2. Find a DAO that fits your goals
The flexibility of what a DAO is and what it can be is so diverse that it doesn’t really matter what you believe in, there’s a DAO out there for you. You could start out by checking out Voice a platform that helps you join and contribute to DAOs.
Most will have some form of one-liner mission statement that outlines their goals, guidelines, and governance. These can give you an idea of what to expect.
3. Join the community
Most DAOs are on Discord so the default step here is to create a discord account.
After creating a Discord account, using the Step by Step “How to Join” Guides provided byvoice to join the DAO makes the process a million times easier.
Using the “How to Join” Guide you’re probably 50% into contributing. Regardless of your skillset, you can contribute to a DAO.
DAOs have task boards which is where they put up all the tasks they need to get done. To get started, use https://voice.softr.app/contribute-to-a-dao. It’s a directory of DAO Task Boards, so it’s easy to move through the clutter.
5. Be careful
DAOs have unique benefits and appeals. They can provide democratized governance, transparency, pooled resources, and the chance to make a real impact — and cash.
On the other hand, there is the potential to lose money and for code to go wrong.
But if they live up to their promise, perhaps one day a DAO will run a team at the Super Bowl — rather than just advertise there.
Commlink #5 (Week 3/7 - 3/13)
Commlink #5 (Week 3/7 - 3/13)
Commlink #5 (Week 3/7 - 3/13)
Weekly Review
Who rules in a DAO? This is the most relevant question for consideration in the new paradigm emerging with web3. DAOs stand for “Decentralized Autonomous Organizations,” which is somewhat paradoxical sounding. We have something claiming to be both decentralized and yet organized. Computer programming enables an automation of a variety of protocols hitherto handled by imperfect humans, liable to corruption and failure. But certain tasks are still best handled/guided by the ingenuity of the human mind, leading and collaborating with other humans. And certainly, some people have a powerful vision about how things can be achieved more effectively and we should listen to those centralized, ubiquitous voices when they permeate the action of an organization striving for success. Genius is unique, individual, and impossible to automate. We are also still bridging many older forms of interaction, which involves a certain amount of compromise and mediation. According to Igor Ilyinsky (aka “Rogi”), leading light in the new industry, in his brilliant paper on the MEOW (Modular Enterprise/Organic Workforce) nature of DAOS, covered here and in our first “Rogi Report” in the column section this week, authentic decentralization within the types of newly emerging organizations, remains essentially, for now, a type of “ambition”:
This week we took up the dynamic between centralized and decentralized power in the context of DAO and Community formation, inside of “Community DAO,” with the resolution of our Commtoken Design contest, the 1st open bid cryptocoin contest in history, and the creation of our first formalized governance body, the “CommCouncil.”
Concerned about the fairness of the initial fast-poll vote on all of the designs, as it was open to the general public, as opposed to the more invested core membership operative in our Discord Server, we decided to create the CommCouncil, which would then have a run-off vote based on the top 7 designs receiving 3 or more votes. Here is my explanatory message of that motion:
Announcing the creation of the CommCouncil and the winning design of the Commtoken Design Contest!!! So, the winner of the fast-poll version of the vote that was sent to the general public (https://fast-poll.com/poll/898bcef8) was @wirdyo'niell! Congratulations! However, this vote was just the first stage in our consensus model.
For the run-off, we created the "CommCouncil" which is based on the top 9 most active participants in this server which are currently @Dev.N, myself, @Danoskie, @ebedossantos, @icon, @Trevor Smith.eth, @Ruffcut, @Kufire, @Johnpaul, verifiable in the 🏅┃rank-check thread. Membership on the CommCouncil will fluctuate depending on who remains the most active. #9 this week may get knocked out and surpassed by #10 next week, and so on. This is a key 1st step in the implementation of CommGame.
The structure of the CommCouncil ensures that the people spending the most time here making their voices heard, will have a hand in making group decisions. So, when the CommCouncil voted on the top 7 designs from the fast-poll that achieved 3 or more votes, @goindians design emerged as the new winner! See the attachment for the record of the vote, a fair and transparent process.
Congratulations to GoIndians! Commtoken allocations will also be generated for other participants and wirdyo will definitely get his share, too, for winning the fast-poll. In the next couple weeks, we will report on prize distributions, and the allocation of our new tokens. So, the new Commtoken will look like this:
And thus concludes the 1st cryptocoin open bid design contest in history!!! Will we soon see new merch offerings on the Discord and at our website? Check back with us frequently to find out!
Here at Community DAO we are learning about the process of new web3 models organically, as our 1st mission is community building, plain and simple. As each issue arises, we must innovate quickly, in order to create a solution, because active participants demand it. Significant leaps have been made in the past week towards structuring authentic, fair consensus-based governance and the imminent circulation of our first currency, the Commtoken.
On other fronts, our conversations continue with Alterverse and Metalife (formerly Metapads) about our coming CommNFT drive, the development of 3d models, and possible early entrance into new Metaverse worlds, when operating through the CommDAO gateway. Stay with us to catch updates on the latest progress. Enjoy the show, folks!
Stats
Twitter Followers: 897
Total Members: 362
Minutes
March 7, 2022 “CommToken Design Contest, NFT Collaborations & The Future of Community DAO”
Read here
Columns / Community Voices
Metaverse Real Estate Using Smart Contracts
In the real world of real estate, the commercial real estate industry appears to take pride in keeping many of its operations private, such as lease rental rates, property prices and valuations. This article aims to present the blockchain and smart contract for a specific domain: real estate. Currently, the online real estate business is at risk of fraud.
The main objective of this project (the Community DAO) is to create a platform to maintain transparency in the metaverse world so that no fraudulent activities can happen due to false contracts.
Blockchain uses the proof of work concept to ensure transactions, thus helping in removing denial of services.
Currently, due to digitization, even real estate business has switched online, but the participants of 3rd party vendors for transaction on the brokers still exist. The tedious work of contract file verification is done manually, and the existing system is still susceptible to fraud. The proposed system can be a better solution to the above-mentioned problems by removing a third-party dependency.
PROPOSED SOLUTION.
The website for property trading using blockchain or Ethereum has three roles, namely:
The buyer
The seller
The validators
When a transaction is initiated in Ethereum, a smart contract creates a block. Solidity language is used to code for blockchain in Ethereum.
In a decentralized system, the consensus algorithm has a framework based on various factors.
If the user is a seller, then the seller can post a property for sale. A seller fills his ether wallet and then uploads his or her property details on the website. Once the details are put in, necessary documents, such as smart contracts, are uploaded for verification. These documents/contracts uploaded by a buyer/ seller are validated using an algorithm called proof of authority, and thus a block is created.
Truffle, a framework of blockchain, is used to deploy smart contracts for the project. It is linked to Ganache, a platform that provides free 100 accounts on the Ethereum blockchain network.
Jkey’s Thread of the Week:
Web3 Advertising
Summary (TLDR):
The Modern Billboard Collective is combining the latest crypto tech with the oldest form of advertising.
canning the billboard feels more like navigating a community directory (by choice) than getting served ads in a Twitter or Instagram feed (with no agency).
Web3 advertising is making its debut.
A new collective is selling ad space on their websites as NFTs.
Lot holders bet on their favorite startups' growth.
Startups earn revenue for ad space.
Introducing The Modern Billboard Collective by @modernbillboard for @ScribeDAO
The spark came from the Million Dollar Homepage, founded in 2005 by @tewy.
He sold 1M pixels for $1 each to pay for school.
Each pixel gave its owner the right to add a logo & link to its site.
Friends & family bought the first blocks.
He hired a PR firm & it went wild.
Million Dollar Homepage
Digital real estate is clearly valuable.
But why start a website to sell pixels on the slim chance it succeeds when we can apply that logic to existing websites?
For physical real estate, value is driven by property location.
The same logic applies to digital spaces.
Owning shares in a startup has proven to be a huge source of wealth creation.
But most people don’t have the opportunity to invest in startups.
Buying billboard real-estate on a startup's website could be like investing in a property in an up-and-coming neighborhood.
@modernbillboard is a group of startups selling website ad space, represented as NFTs on a billboard.
If you think a startup's website will succeed & generate more traffic, you can buy a piece and resell in the future.
The more participating, the more valuable it will be.
The Modern Billboard Collective
Ad products typically only work once you have millions of users.
But tokenization introduces a new dynamic:
Billboard ad benefits with appreciation potential as an NFT.
Lot holders can now support the companies they believe in, advertise their own projects, & get upside.
How does it work for startups?
Add a billboard to your site. You decide where to place it. But you must commit to keeping it on your site.
Billboard is broken down into 48 lots, each represented by an NFT
Invite your community to invest in and buy lots
What's in it for startups?
A new source of funding that doesn't involve giving up freedom or diluting your cap table
Simple non-intrusive ad product
Fun experiment aligning community w/ your success
5% of initial lot sales go to collective of participant startups
How does it work for lot holders?
Billboards have been launched for 3 startups: @startupyworld @koodos @coinviseco
Bid on or buy lots from these websites. Each lot is an NFT granting the ability to upload media & URL.
Keep it indefinitely or sell anytime.
What's in it for lot holders?
Align yourself with startups you believe in & get verifiable ownership
Make $ by owning a valuable piece of digital real estate
Self-serve advertising: online ads are overrun with middlemen exchanges
Passive community broadcasting
The Rogi Report
ListenUp! A MEOW DAO cometh.
👋 Let me tell you a story. Do you like stories? This story is actually about one of my favorite people. It’s about you. Well, not about you, but about where you are. What’s special about where you are? Do you even know? Would you believe me if I said that where you are, right now, has a fascinating story? Perhaps it may be a story you’ll remember forever. One you will tell for generations to come…
How can I be so confident? I don’t even know you, or where you even are. It’s because every place on earth has an interesting story. Someone knows that story. Probably not you - but that’s ok, because you have your own stories to tell about the places you’ve been. As you know, stories are what inspire people and keep humans motivated. And stories about places help us connect with them, others, and the one planet we all (currently) have in common.
So, I think you would agree with me that stories all have value. Some more than others. For instance, many people travel to Jerusalem and pay $100 each to hear a story about Jesus and walk in his footsteps. The same goes for stories about towns and historic accounts of people all over the world. In fact, 16 Billion Dollars a year was spent (pre-covid) on just those stories. But some stories don’t get sold (or told) at all. Their audience is too small to charge $100. Not enough people would pay that amount to hear about how your Aunt Millie climbed that scaffold to save the cat that was reincarnated as your neighbor’s dog. But maybe some folks would enjoy the story if they happened to pass by that scaffold. Maybe your great-grandchildren would really enjoy it. Point is... we all have stories, and they all have value.
What if we could tap into that value? What if we were to build a platform for sharing not just stories - but also information of various types - and built it with a blockchain so that we could easily reward contributions. What if we built this as a MEOW DAO and empowered the community to tap into that $16B market, plus some others. Are you not familiar with the concept? Perhaps you didn’t read the other paper. Go ahead - we’ll wait.
- Excerpted from the Listen Up Founding Document
Lipp Reading #2
I’m going to stay on the topic of multigenerational living this week. So if you thought the prospect of living with your parents in a multigenerational home was scary, this topic may very well haunt your dreams.
Or maybe not. Just as multigenerational homes are gaining popularity post-Covid, multigenerational vacations have also gained popularity.
When you think of multigenerational vacations, you probably think of cruises first. I took my first multigenerational vacation this past December on a cruise. What I appreciated most was the variety of activities, both on and off the ship.
Also, the activities had a 1-3 rating system based on how strenuous the activity was. Thus, my group was able to mix and match certain activities based on their level of energy that day.
However, if staying in one destination is your preference, there are a number of places in the US that have attractions for all ages.
Over the last five years, Disney World has put in more marketing dollars to families that travel together with multiple generations. This makes perfect sense as they opened on October 1, 1971, and grandparents may have interest in nostalgic vacations if they’ve already been to Disney World.
So which other areas might interest a multigenerational family looking for their next vacation together?
If money is no object, families should start their search in Hawaii, or at an all-inclusive resort in Mexico. You’ll get more cost certainty at an all-inclusive resort, but you’ll have less variety in activities outside of your resort.
(Fun fact, Hawaii leads the US in multigenerational family homes at over 7%.)
Skiing trips are also popular for multigenerational families. Denver or Lake Tahoe area are still be the most popular, but Park City, Utah is catching up in popularity.
Depending on if your multigenerational family likes all four seasons, an underrated destination is Door County, Wisconsin. Referred to as the “Cape Cod of the Midwest,” Door County is home to numerous specialty shops, wineries, fish boils, and scenery that takes your breath away in the Fall. However, if you’re able to make it up in the Spring, your family will be able to experience their famous apple and cherry blossoms. If your whole family is active, then there are numerous state parks in the area to hike and discovery views you may not typically be used to.
Happy traveling!
Non-Fungible Fungi 🍄🍄🍄
A Beginner’s Guide to Joining a DAO
In case you don’t know what a DAO is, here’s an “Explain like I'm 5” one-paragraph explanation.
DAOs are Decentralized Autonomous Organizations, already that’s a mouth full but give me a minute. DAOs happen when a group of people with a common goal, mission and vision come together to achieve it in a decentralized way. We removed as many buzzwords as possible. A common meme definition is a group chat with a shared crypto wallet.
DAOs can be used for a vast array of purposes, from investing to building community to developing products.
1. Establish your goals
DAOs are highly mission-driven. Your personal passions and expertise should play a key role in which organization you join. The whole ethos of DAOs is to achieve a mission whether its BanklessDAO wanting to get the world bankless (power to the people) or MakerDAO whose goal is to maintain and regulate the DAI Ecosystem. DAOs are extremely mission-driven and whichever one you choose to join should align with your mission and philosophy.
2. Find a DAO that fits your goals
The flexibility of what a DAO is and what it can be is so diverse that it doesn’t really matter what you believe in, there’s a DAO out there for you. You could start out by checking out Voice a platform that helps you join and contribute to DAOs.
Most will have some form of one-liner mission statement that outlines their goals, guidelines, and governance. These can give you an idea of what to expect.
3. Join the community
Most DAOs are on Discord so the default step here is to create a discord account.
After creating a Discord account, using the Step by Step “How to Join” Guides provided by voice to join the DAO makes the process a million times easier.
If you are not sure of which DAO to join, check out: https://voice.softr.app/join-a-dao it’s a list of 3 DAOs we think you should join.
4. Get involved
Using the “How to Join” Guide you’re probably 50% into contributing. Regardless of your skillset, you can contribute to a DAO.
DAOs have task boards which is where they put up all the tasks they need to get done. To get started, use https://voice.softr.app/contribute-to-a-dao. It’s a directory of DAO Task Boards, so it’s easy to move through the clutter.
5. Be careful
DAOs have unique benefits and appeals. They can provide democratized governance, transparency, pooled resources, and the chance to make a real impact — and cash.
On the other hand, there is the potential to lose money and for code to go wrong.
But if they live up to their promise, perhaps one day a DAO will run a team at the Super Bowl — rather than just advertise there.
If you enjoyed this article, check out voice:
https://voice.softr.app/
Hop into our server to meet other DAO Contributors: https://discord.gg/P24Drm3EXa
This article originally appeared here: https://voice.softr.app/a-beginner-s-guide-to-joining-a-dao
Alina’s Alignment
Token Economy - How the Web3 Reinvents the Internet - by Shermin Voshgmir, 2nd ed. 2020
Reviewed and parsed by Alina Okun, DBA.
1) Tokenized Networks 101
The Internet we have today is broken.
Web3 has the potential to fix it.
Tokenized networks are the foundation of Web3, but what are they?
2) Issues with the centralized data structures; i.e., Web2:
We do not control our data.
We must have trust in intermediaries and service providers.
The supply chain of goods and services is inefficient.
3) Why is Web3 the next generation of the Internet?
Web3:
Reinvents the way data is stored and managed
Reinvents how the Internet is wired in the backend
Reinvents how contributors are compensated
4) Web2 is stateless.
Information from past events is not stored.
Each transaction or search is made from scratch.
Web3 is stateful.
The network can remember preceding events or user interactions.
5) The Bitcoin blockchain introduced a mechanism for each node in a network to:
send and receive tokens
record the state of tokens (i.e., remember preceding events or user interactions)
6) A token is an entry in the ledger that belongs to a blockchain address.
7) Blockchain is NOT synonymous with Web3.
A blockchain network is a processor for decentralized applications that operate on Web3.
Web3 also needs other services:
file storage
messaging
identities
external data
8) Blockchain networks are not well-suited for storing data.
Public blockchain networks are too slow and expensive to store large data sets.
It is difficult to maintain privacy when storing plain-text data on blockchain networks.
9) Expect the Web to transform gradually, not radically.
“Client-server Web” → “Decentralized Web”
Centralized → partially decentralized → fully decentralized
10) Current challenges with Web3:
Speed
Performance
Usability
11) Centralized systems are not going away completely.
Centralized systems have advantages in specific use cases.
12) Web2 applications run on a combination of servers owned by different organizations.
Web3 applications run on a combination of public and/or private networks.
13) The front-end of the websites is the same in Web2 and Web3.
Decentralized applications look similar to current websites or mobile apps.
They use the same technologies, such as HTML, CSS, Javascript.
14) Web2: a front-end revolution
Web3: a backend revolution
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Industry News
A new Bain Capital Crypto $560 million fund will focus on backing companies that offer services to DAOs.
The Future Today Institute has released its 15th Anniversary Tech Trends Report. It includes a section on Decentralization & Blockchain.
MetaMask will soon be establishing a DAO and plans to complete a token launch.
Resources
101 (@101dotxyz) is in beta. The central hub for online courses that issue crypto rewards. Built for decentralized communities.
Two Cents is a new tool that helps share projects, find collaborators, and reward early contributors.
Guidance on fundraising as a crypto project with future potential tokens.
Jobs/Bounties/Grants
Community DAO now has its own Bounty Board thanks to NonfungibleMoyo.
Web3 Research Intern at StandardDAO