daopedia

@daopedia

Wikipedia for DAOs, starting with spaces & threads. Want to contribute? DM us!

Educationdaopedia.xyzJoined December 2021

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daopedia

@daopedia

May 13, 2022

Missed our Twitter Spaces? 🎙 Announcing DAOs Unknown✨, the daopedia podcast. For this season, it will be an archive of our past Twitter Spaces so you can revisit our convos with DAO leaders, contributors and enthusiasts 😎

What other types are there, and have you seen any interesting DAOs in these categories? Don't forget to follow

@daopedia

for more intel and thoughts on DAOs!

But this won't work as a traditional company: - It's a nightmare if you need to "onboard" someone just so they can fix one small thing on the map - You likely won't be able to pay people upfront meaningfully either, because the value doesn't materialize until a tipping point.

Imagine OpenStreetMap as a DAO. Members can contribute a little or a lot. There can be millions of contributors, and they are rewarded for their input. With that many people, it's not impossible for OSM to become the best mapping service out there. And that's hugely valuable.

3. Gig Economy Finally, there are times when logistics is just so hard to do at scale. Imagine Uber without computing technologies. How would they manage their millions of drivers manually? It wouldn't work. Work can get even more "fragmented," and DAOs can help.

2. Guilds Many industries are high risk, high return. It thus makes sense for individuals to come together and hedge the risk. There aren't many DAOs doing this yet, but it's common practice for pro poker players to "exchange shares" between each other so they "win regardless."

This is not new. Oglivy has always been buying smaller studios. They are much more reputable than the smaller players, so the purchases made sense for both parties — Oglivy can better monetize the asset, so they can offer a price attractive to the small guys.

1. Service DAOs It's often helpful for creatives to pool their reputation together to form a better known, more trusted entity. The sum is greater than the parts. The best example is

@VectorDAO

— a group of talented designers who formed a "design agency as a DAO".

Why should DAOs exist? There are at least 3 reasons, each mapping to a category of DAOs. 1. Pooling resources (usually branding) together — service DAOs 2. Pooling risk together to reduce it — guilds 3. Back office automation — gig economy Let's take a look at each.

A common reason for DAOs to fail is that they attract people who want to get airdrops, do nothing (or only vote) and wish to make a profit. It's important for DAOs to know their ideal member profile. To do so, they should understand why they are a DAO in the first place. A 🧵

performing live at NFT NYC????

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CHAOS TOUR x NFT NYC 2022 Music NFT Movement Tonight | Doors at 7pm WavWRLD web3 music showcase June 22 | Doors at 5pm cc0 Anti-inflation mixtape June 23 | Doors 6pm ~ may you embrace creative chaos this week~ ↓ Event Links & chaos set times below ↓

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daopedia

@daopedia

Jun 18, 2022

NFT NYC is happening next week already?? Have you RSVPed to all the DAO gatherings yet?? ✨

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daopedia

@daopedia

Jun 2, 2022

Starting a thread on DAO events at @NFT_NYC 2022 Comment with DAO events so we can find our people

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launch lunch 🍷

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Thirsty Thirsty | ETH Denver FERMENTS

@thirstythirsty8

Jun 14, 2022

Spend your Summer Solstice luxuriating w/us & @creatorcabins ! Grab our NFT to join in. We can't wait to meet you.

Copious wines + elaborate snacks by Ediciones

Web3 Thought Leaders

Cello + Flower Crowns RSVP Here lu.ma/tt-fete #NFTNYC

The best of web3 is yet to be. And we need more people to think creative, weird, experimental things to get closer to that place✨ Get playful and dream with

@withBackdrop

's new ~LFExperiment~ 🧪 Prompt: "wouldn't it be cool if...."

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Backdrop

@withBackdrop

Jun 15, 2022

Calling all web3 experimentoooooors

Together with @Rehashweb3, we are assembling a short term community focused on inspiring the next 1M experiments in web3, and you're invited. So grab your frens, get your idea caps on, and LFExperiment

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18/

is building Wikipedia for DAOs, starting with spaces & threads. Follow

@daopedia

and

@dteohyl

for more stories on DAOs 🌎 Which DAO would you like us to feature next?

17/ BONUS: A journalist’s account of what happened on Auction Day of the Constitution.

newyorker.com

We the Crypto People Seek a Constitution

Thousands of Ethereum enthusiasts raised forty million dollars to bid on a first printing of the U.S. Constitution and sent a group to Sotheby’s for the auction. Could they outgun a cryptocurrency-...

16/ Despite winding down,

@ConstitutionDAO

’s Twitter is still active with highly informative (and entertaining) sh*tposts about Web3 that can only be the work of a good humored intern. Follow them for some internet age founding-father wisdom and glimpses into parallel universes.

15/

was one of the largest events in Web3, sparking an enduring movement of DAO-based acquisition. They helped thousands enter this new digital frontier & future successes will build off their past work. For that, they earned their place in DAO history🗽

14/ Some have built on top of where the team left off like

@The_PeopleDAO

@PandaDAO_Office

, utilizing $PEOPLE for governance and investments in new projects. The original team is not involved in nor endorse these new-wave efforts, but are content to see what others may do.

13/ The team has since discontinued the DAO, having concluded what they considered to be a “beautiful experiment in a single-purpose DAO”. But their spirit lives on.

12/ So what happened to all the $ and people involved? Donors were refunded via the $PEOPLE token that could be exchanged for ETH via Juicebox or held to commemorate their participation. True to their founding principles, people were free to do what they wished with the token.

11/ Their work indeed was the first of its kind and has inspired many by setting a precedent for other DAOs with purchasing ambitions by using web3 technology.

and

to name a few.

10/ In the wake of the loss,

@ConstitutionDAO

said this: “(We) have educated an entire cohort of people around the world — from museum curators and art directors to our grandmothers asking us what ETH is when they read about us in the news.”

9/ Despite heroic efforts, they were outbid by Ken Griffin, the CEO of Citadel Capital who paid $43M for the documents. It was a heartbreaking moment for the DAO and the world of Web3. This would have been the largest IRL purchase by a DAO. But there are silver linings 🌈

8/ Having built a working governance framework and collecting funds to win the bid in just weeks,

@ConstitutionDAO

confidently arrived at Sotheby's with $42M 👩‍⚖️ By then the DAO had become a movement with audiences holding their breath for the historical would-be acquisition.

7 / A donation to

granted you governance rights over the documents of the US Constitution if the bid was successful. This means donors had the freedom to where the documents are displayed, what was the display text, and which museums would have access to them.

6/ #3 Web3 🔧 The DAO was able to coordinate efforts at scale with protocols like

@juiceboxETH

for fundraising and

@gnosisSafe

safeguarding their treasury. They leveraged the natural legitimacy of permissionless technology to avoid lengthy bureaucracy and trust processes.

5/ #2 The Team 👭 The founding team was multidisciplinary with developers, lawyers, designers & entrepreneurs in their midst. With all the necessary skills at the table from Day 1, the DAO was able to hit the ground running with natural leaders emerging to spearhead the charge.

4/ #1 The Vision 🔮 The Constitution isn't just a symbolic historical object. It’s a document that carries unique meaning to a lot of people in the US. So when the DAO publicly announced their plan to “put the Constitution in the hands of the people”, the people rallied.

3/ ConstitutionDAO had set themselves up for success with … 🔮 A strong vision that attracted public interest 👭 A talented core team driving the mission 🔧 The coordination power offered by Web3 Let’s look at how each enabled their speedrun.

2/ They started a Discord group and website for new members, began marketing, navigating legal and financial barriers, and engaging with museums and vendors. The DAO was born on a Thursday. By Monday, they had grown to a 8,000 strong movement and raised >$10M 🤯 How?

1/ Following

’s auction announcement, a group of friends joked on Twitter about buying the constitution. The memes led them to convene on Zoom which ended with a very real decision to pursue the bid 🇺🇸 They began as a core group of 35 people and got to work immediately.

If history is for sale, who should own it? When a copy of the US Constitution was announced for auction by

@sothebys

in 2021,

@ConstitutionDAO

answered: “we, the people”. In 7-days, they rallied 1000s of people, raised $42M to try and make history. Here is their story 👇

16/

is building Wikipedia for DAOs, starting with spaces & threads. Follow

@daopedia

and

@dteohyl

for more stories on DAOs 🌎 Which DAO would you like us to feature next?

15/ Follow the steps in the official

@gitcoin

starter tutorial and take your first step in discovering your place in the Quadratic Lands.

gitcoindao.com

GitcoinDAO.com

We build and fund digital public goods.

14/ So hug your nearest Commons creator for all the public good they’ve done and here’s a jingle by the

@GitcoinDAO

community to inspire you to join them on their journey: twitter.com/songadaymann/s

@songadaymann

This Tweet is unavailable.

13/ Ultimately,

wants to take us to the “Quadratic Lands” - a place where public goods are well maintained and healthy. This is only possible in a world that invests in creators building for the public good with the intention of solving pressing world issues 🌍

12/

is governed by their own token, $GTC. $GTC has no economic value but is used to govern the entire

@gitcoin

ecosystem. $GTC was distributed retroactively to early contributors, with a portion reserved for future contributors who join the DAO.

11/ Prospective DAO members can find the full event calendar, bounty postings, and grant funding rounds on the GTC Contributors Dashboard:

10/

also operates a fellowship, toolkits, and their own IRL events: 💻 KERNEL - a web3-native, community centric accelerator 🌐 coordination.party - a toolkit for awarding contributors to a DAO 📅 Schelling Point - a conference series about Regenerative Finance

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