The ABCs of DAOs

Here’s how it works: On August 8th, 2021, Punk4156 and his team deployed a smart contract to the Ethereum blockchain that randomly generates a new NFT digital avatar (called a Noun) every 24 hours and auctions it off to the highest bidder. 100% of the auction proceeds get sent to a community treasury that is controlled by Noun owners. One Noun = on... See more

DAOs – decentralized autonomous organizations – are an essential tool in achieving the self-empowering benefits of web3, including more equitable ownership among stakeholders, reduced censorship and greater diversity.

Collector DAOs which acquire NFTs;Social DAOs that convene web3 communities;Collective/Cooperative DAOs in which groups of artists and engineers deliver services to other DAOs; andCharitable DAOs that promote good causes and public goods development.The variety within these different types of DAOs is demonstrative of communities coming together acr... See more