Join me in two metaverses: Walmart Land and Decentraland, as I attempt to answer the question: Must all metaverses be decentralized? Along the way, I’ll sus out the agendas behind each and weigh up the costs and benefits to structuring a metaverse via DAOs.
A college business professor once told me, “If you launch a token, it’s the beginning of the end, even if you haven’t begun.” Now, he was a TradFi dude reluctantly teaching DeFi to us Gen Zers at the peak of $DOGE’s success, and I figured he was just bitter. But joining the workforce, I learned a hard truth: creating isn’t free because you pay in time that could be spent elsewhere. Creators have to earn enough to justify the cost of creating. Luckily, web3 offers a payment of sorts: creator tokens and therefore self-DAOification.
As web3 ecosystems mature, the importance of effective governance structures emerges. The Web3 delegates, represent token holders and play a crucial role in decision-making processes. How about the rewards and compensation? Let's look at their incentives
The DAO model originated in 2016 with The DAO, aka Genesis DAO. Though DAOs are still early and immature, they have proliferated across a wide variety of interests, communities and goals. Over the last few years, we’ve witnessed a Cambrian Explosion of DAOs -- branching out from the original goals of governing an on-chain treasury to governing protocols, advancing research, and reinventing marketplace structures and incentives. This article will cover what makes DAOs successful and competitive with traditional organizations, as well as the different types of DAOs that have proliferated over the previous few years.
Web3 has been changing the decades old venture building value chain. Venture capital, scouting, funding, accelerators, venture builders, incubators. We also observe the opportunity for us, the entrepreneur, the investor, and the builder.