Sublime

DAOs can also be used to fund public goods on the internet. An interesting recent example is the Ethereum Name Service (ENS), which is essentially a blockchain-based name service analogous to DNS that maps human-friendly names (“cdixon”) to human-unfriendly names (IP addresses, blockchain public keys, etc). ENS has been around since 2017 and has be... See more

-Sophie receives 50 GIVE tokens from the community for her contributions.

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

Communities donate funds and use a DAO to vote on how that capital is allocated to various contributors in the form of governance proposals.

Grants: Virtually every major DAO has a Grants Program at this point. These are often run by a small group of community-elected contributors who are responsible for reviewing grant requests and allocating capital accordingly. Protocol DAOs like Compound, Uniswap, Aave, and others have massive pools of capital that they’re distributing to those that... See more

“A” DAO? What’s that? Why is it better?DAO stands for a Decentralized Autonomous Organization. Some people like to also refer to it as Digital Autonomous Organization, but I prefer the former.They are virtual organizations. In the real world, you have organizations or companies right? And these companies have Shareholders and a Board of Directors. ... See more

-The DAO’s seasonal budget is 25,000 USDC.