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Sit down and talk about DAO | EP.2 The actual application scenarios of DAO in various industries in the future

2022 年 7 月 10 日

On June 28, DAO Twitter Space and friends explored the practical application scenarios in various industries in the future, thank you for your active participation.

The following is a collection of highlights of the day, the content has been edited.

Armonia

The essence of Web3 is decentralization. This decentralization is not only in terms of assets, but also in terms of development, ownership, and decentralization of asset liquidity. The key is to decentralize people. Every web3 project has a community that includes both developers, users, and investors. How to coordinate the interests of all parties and promote the consensus of the project community is the role of the DAO.

The DAO is the most underappreciated track in the crypto investment community, but I believe it is the most far-reaching track that can advance our world.

From an economic point of view, we can change the information environment of the game through smart contracts to prevent both sides of the game from falling into a game dilemma. Bitcoin not only solves the problem of double-spending through blockchain technology, but also limits the endless issuance of currency, and there is no counterfeit currency, no bad currency to drive out good currency.

The DAO in theory is beautiful, and the DAO in reality is also remarkable. Let's talk about several DAOs in reality.

Like many projects in the later stage, The DAO started at ICO. In the planning stage, ETH was deposited into the designated address, corresponding to the tokens obtained by The DAO. From the perspective of the financing process, The DAO has achieved great success. However, on June 17, 2016, The DAO's smart contract was attacked in a loop. The DAO is gone, and Ethereum is divided into ETH and ETC.

Some people say that DAO is inefficient, so let's look at Constitution DAO. Fair, transparent and efficient, making the project a model for crowdfunding, and many projects have followed suit. Although the latecomers have made a lot of chicken feathers, we have to admit that the Constitution DAO has opened the door to fast crowdfunding on a global scale.

Bitcoin DAO is a DAO focused on hackathons and donations. When Bitcoin faced the question of whether its software and governance system is trustworthy and neutral, and whether the mechanism is fair to all parties, Gitcoin launched the DAO. Bitcoin has chosen to delegate the governance of the platform to the DAO, which will fully empower the community to self-govern.

melon seeds

The vision of the future DAO that everyone is talking about now is definitely different from the DAO we are seeing now. The current DAO is in its infancy, but the power of the DAO has not exploded.

We are now working on some modular DAO protocols. When everyone can create DAOs, various ecosystems will emerge.

Jenny

I am still optimistic about the future of DAO. We now have basic tools and the support of blockchain technology. Trust is built on the basis of tools and blockchain.

Cayla

For a founding team, how to motivate the people in the DAO is a very important point.

DAO requires a large number of individuals to collide with the wisdom of the group.

Jason

In fact, I have come into contact with the DAO model relatively early. I think that the commercial operation of DAO still has thresholds, and not all commercial or social activities can be expressed in the form of DAO.

Although there are some restrictions in China, I still think that DAO has a lot of room for development in China. To expand the market through the DAO model, the operating cost is actually quite low.

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