jakiro
A crisis turns around.Users are facing challenges, VC organizations are struggling, and project parties are struggling even more.In recent years, Web3 activities have been the most lively, and the project party has the most crowded flow.
If the project team still position itself as the “project party”, there is almost no possibility of success.In this market monopoly of DeFi finance, projects that are recognized by institutions, exchanges, and foundations are rare, and survival is even more difficult.Only DAO can continue to evolve.
01 DAOs that continue to evolve
Every innovation is an evolution of DAO.#Bitcoin As the pioneer of blockchain, Altcoin has begun to imitate or micro-innovate #Bitcoin since 2013-2014.
From 2016 to 2018, driven by #Ethereum’s innovation, public chain raised financing for #public chain DAO through ICO.@VitalikButerin proposes DAICO to circumvent the moral hazard inherent in ICOs.
In 2020-2022, the #DeFi protocol DAO was launched through IDO, and @SushiSwap challenged @Uniswap in the name of “DAO”.$token is generated by the protocol and distributed by the protocol, gradually becoming a consensus.The community with “NFT” as the carrier has also begun to emerge.
From 2023 to 2024, #Inscriptions and #memecoin, which are community-centric, entered the center stage.They inherited #Bitcoin’s concept of full circulation, fairness and transparency, and pushed DAO from #public chain DAO #DeFi protocol DAO to #SocialDAO.
02 From the perspective of organizational form and cold start DAO
From the perspective of “crowdfunding”, we can see that blockchain provides organizations with a new form – DAO, and a cold start method – protocol distribution $token.
The cold start method has gone through evolution from PoW, PoS, ICO to IDO, to #Inscription and #memecoin.DAO’s assets – $token.
It is increasingly under control of a single entity: #Inscription and #memecoin return to #Bitcoin’s global circulation, as are public chains such as #Ethereum and some #DeFi protocol DAO assets;
Gradually rely on protocols to evaluate contributions and distribute them through protocols: projects that adopt mechanisms such as PoW, PoS, liquidity mining, etc. have been exploring.
We are entering the Social DAO era, but the infrastructure and mechanisms are not yet perfect.So we see #Inscriptions directly assess contributions and distribute assets through the “casting service fee”.#memecoin of http://pump.fun distributes assets through initial liquidity financing (the initial liquidity raised by bonding curve in the first phase, providing liquidity for the second phase Dex trading pair).
In fact, Social DAO has experienced the baptism of #ICO.When NFT pending orders are being conducted on OpenSea from 2021 to 2022, that was the era of Social DAO #ICO and centralized transactions (book trading).
03 Social DAO based on vertical community
Social DAO relies on Meme to convey the value concept of “attention is the flow of wealth”.Although straightforward, it is extremely effective.
In social DAO, attention is your capital.By bonding curve financing initial liquidity and then creating initial liquidity pool through Dex, the value of social communities can be flowed.
It can be said that the value of the entire social network now lies in “attention”, and this attention is in the hands of a few platform companies.Just like most #ICO projects, platform companies face ethical dilemmas.This is the key to Social DAO’s potential future replacement of traditional models and create more value.
What can I do when my attention is concentrated?In the Web2 social network, there are many successful cases of #vertical communities, such as #Mafengwo #Xiaohongshu #Baidu Tieba and #Douban Group.
This may be a rare opportunity for most enthusiasts who are still exploring the blockchain industry.
Abandon the project party’s thinking and embrace “Social DAO”.In a vertical community, blockchain tools are used to gather a group of enthusiasts to provide services to communities (lovers or users) in the vertical field around the world.Such an organization should be:
– Open
– Join without permission
– Not controlled by a single subject
– Evaluate member contributions through the protocol and automatically distribute $token
– Support personal IP, community members are able to produce products and provide services to others
Does this meet your expectations?
