DAOs and the pitfalls of progressive decentralisation

Web3 teams have an opportunity to learn from and improve on the strategy of commoditizing the complement. In this essay, we’ll discuss why building and commoditizing a product on top of a user-owned protocol offers maximum leverage to execute this strategy, with potential for stronger economic equilibriums that drive growth, and value, beyond that ... See more

Time will tell if our decision was a good one for the investors and shareholders in SuperRare. But I know it was the right one for the community at a critical time for our industry. And the model will be copied by many fast followers because a true community must include community ownership.

Governance - How do you assure fair governance and ensure the funds are distributed to the right projectS? What rights do you give to token holders? What will be the Internal economics of your project? Governance is key to create a truly decentralized Organization.

---------CONCLUSION DeFi's decentralized governance allows stakeholders to influence protocol development. Decentralized governance with DAOs can replace traditional firms' transaction costs, allowing crypto projects to welcome more diverse ideas and beliefs. To achieve these benefits, operational efficiency does not have to be sacrificed. Incorpor... See more