Photo by Hal Gatewood on UnsplashIn part 4, we will take a break on the DAO spectrum and dissect what makes a DAO. TL;DR Humanity is a trust in DAO and helps DAO to build a sustainable community. DAO = Humanity + TechnologyDAO has two components, humanity, and technology. Compared to traditional corporations, which are composed of labor and profit, DAO goes one step further. Humanity vs. Labor In DAO, contributors are not a tool. If DAO treats contributors as a tool to reach the goal, it is n...

Photo by Hal Gatewood on UnsplashIn part 4, we will take a break on the DAO spectrum and dissect what makes a DAO. TL;DR Humanity is a trust in DAO and helps DAO to build a sustainable community. DAO = Humanity + TechnologyDAO has two components, humanity, and technology. Compared to traditional corporations, which are composed of labor and profit, DAO goes one step further. Humanity vs. Labor In DAO, contributors are not a tool. If DAO treats contributors as a tool to reach the goal, it is n...

Photo by JJ Ying on UnsplashIn part 3, I will go deeper into each spectrum of DAO and identify their structure and how such structure will impact their operations and collaboration during their DAOing. TL;DR I examined 5 possible ways that DAO can work within the entity or become an entity. Data Layer There are three layers for an entity to interact as a DAO. The social layer is for the community to build and collaborate. The data layer is where the communication conveys and translates. The t...

Photo by JJ Ying on UnsplashIn part 3, I will go deeper into each spectrum of DAO and identify their structure and how such structure will impact their operations and collaboration during their DAOing. TL;DR I examined 5 possible ways that DAO can work within the entity or become an entity. Data Layer There are three layers for an entity to interact as a DAO. The social layer is for the community to build and collaborate. The data layer is where the communication conveys and translates. The t...

Photo by Alp Ancel on UnsplashNFTs had the great year of 2021. From Pak’s ‘The Merge’ to Beeple’s ‘Everydays: the First 5000 Days’, many more creators and designers want to join the space to make a fortune. Can they do so? TL;DR I explained the 5 stages of the crypto life cycle and where NFT positions itself at. Crypto Life Cycle PatternSimilar to forming a country, cryptocurrency creates an opportunity to form a new type of organization or maybe even possibly a type of coalition or even a ty...

Photo by Alp Ancel on UnsplashNFTs had the great year of 2021. From Pak’s ‘The Merge’ to Beeple’s ‘Everydays: the First 5000 Days’, many more creators and designers want to join the space to make a fortune. Can they do so? TL;DR I explained the 5 stages of the crypto life cycle and where NFT positions itself at. Crypto Life Cycle PatternSimilar to forming a country, cryptocurrency creates an opportunity to form a new type of organization or maybe even possibly a type of coalition or even a ty...

Photo by Joshua Golde on UnsplashCrypto is going the mainstream. Everyone expects their crypto-asset will become more valuable and they can use crypto everywhere. It seems such an expectation is more than just a hope. TL;DR Visa is the winner of crypto adoption recently. However, people can become winners in the future. Here is a 1 min summary of the article if you want to skip the reading. Who Wins the Crypto Adoption Early adopters may be the winner of the crypto adoption. They are pioneers...

Photo by Joshua Golde on UnsplashCrypto is going the mainstream. Everyone expects their crypto-asset will become more valuable and they can use crypto everywhere. It seems such an expectation is more than just a hope. TL;DR Visa is the winner of crypto adoption recently. However, people can become winners in the future. Here is a 1 min summary of the article if you want to skip the reading. Who Wins the Crypto Adoption Early adopters may be the winner of the crypto adoption. They are pioneers...

Photo by Alina Grubnyak on UnsplashIf you think you can create NFTs freely without any Intellectual Property Infringement you may want to rethink again. Current news about Nike filing a lawsuit against StockX drops the audience's jaw and opens a new door to what NFT means for the big branding corporations. TL;DR Licensed NFT is Intellectual Property Rights in NFT. Should we still use Intellectual Property Rights to protect our ideas or there is more than just protecting your own intellec...

Photo by Alina Grubnyak on UnsplashIf you think you can create NFTs freely without any Intellectual Property Infringement you may want to rethink again. Current news about Nike filing a lawsuit against StockX drops the audience's jaw and opens a new door to what NFT means for the big branding corporations. TL;DR Licensed NFT is Intellectual Property Rights in NFT. Should we still use Intellectual Property Rights to protect our ideas or there is more than just protecting your own intellec...

Photo by Victor Furtuna on UnsplashIn part 2, I will introduce DAO or Decentralized Autonomous Organization categories. There are so far 6 types of DAO in the DAO Spectrum. TL;DR 6 types of DAO layout in DAO Spectrum. Each has its way to express DAO from corporations alike to complete decentralized autonomous way. Seeking innovation is a key to making such an entity flourish. Factors There are 6 factors to make the organization become DAO. Decentralized or quasi-decentralized will affect how ...

Photo by Victor Furtuna on UnsplashIn part 2, I will introduce DAO or Decentralized Autonomous Organization categories. There are so far 6 types of DAO in the DAO Spectrum. TL;DR 6 types of DAO layout in DAO Spectrum. Each has its way to express DAO from corporations alike to complete decentralized autonomous way. Seeking innovation is a key to making such an entity flourish. Factors There are 6 factors to make the organization become DAO. Decentralized or quasi-decentralized will affect how ...

Photo by Marta Rastovac on UnsplashRecently, Google's search trend of NFT continues to rise. With a trend like this, technology companies are planning to enter the NFT market too. TL;DR The technology uses NFTs as a bridge to enter into Web3. NFTs can bring their communities along with technology to integrate into the brand. Here is a 1 min summary of the article if you want to skip the reading. Google Enters Digital Assets Google starts to put up a team to focus on digital assets buildi...

Photo by Marta Rastovac on UnsplashRecently, Google's search trend of NFT continues to rise. With a trend like this, technology companies are planning to enter the NFT market too. TL;DR The technology uses NFTs as a bridge to enter into Web3. NFTs can bring their communities along with technology to integrate into the brand. Here is a 1 min summary of the article if you want to skip the reading. Google Enters Digital Assets Google starts to put up a team to focus on digital assets buildi...

Photo by wōgzer on UnsplashFacebook or Meta just rug pulled their investors and killed their stablecoin project Diem. Apparently, they found out the technology is against their business model and they just have to get out as quickly as possible. TL;DR Facebook just rug pulled their investors on the crypto hype. Meta will be as centralized as they can to continue their data exploiting business. Here is a 1 min summary of the article if you want to skip the reading. Libra Facebook enters into c...

Photo by wōgzer on UnsplashFacebook or Meta just rug pulled their investors and killed their stablecoin project Diem. Apparently, they found out the technology is against their business model and they just have to get out as quickly as possible. TL;DR Facebook just rug pulled their investors on the crypto hype. Meta will be as centralized as they can to continue their data exploiting business. Here is a 1 min summary of the article if you want to skip the reading. Libra Facebook enters into c...

Photo by stephen momot on UnsplashWhat is Phishing? It is a common cyber-attack of sending fraudulent communications that appear to come from a reputable source. Purpose of Phishing? Hackers try to get personal data or sensitive information to fully gain control of your personal accounts or business entities' accounts. The worst hackers can do is steal data for sale or possibly ask for ransom fees. How Phishing Works?Hackers identify target audiences or groupsCounterfeit communications a...

Photo by stephen momot on UnsplashWhat is Phishing? It is a common cyber-attack of sending fraudulent communications that appear to come from a reputable source. Purpose of Phishing? Hackers try to get personal data or sensitive information to fully gain control of your personal accounts or business entities' accounts. The worst hackers can do is steal data for sale or possibly ask for ransom fees. How Phishing Works?Hackers identify target audiences or groupsCounterfeit communications a...

Photo by Anton Nazaretian on UnsplashWormhole got hacked and lost $321 million in the recent hacking incident. Wormhole is a cross-chain message-passing protocol that connects Solana, Ethereum, Terra, and Binance Smart Chain. TL;DR Wormhole got hacked. Solana got its first hacking incident. It is an opportunity for Solana to improve its security. Hacking The hacker was able to mint 120K Wormhole-wrapped Ether on Solana. They then bridged 93,750 of these tokens to Ethereum and withdrew the unw...

Photo by Anton Nazaretian on UnsplashWormhole got hacked and lost $321 million in the recent hacking incident. Wormhole is a cross-chain message-passing protocol that connects Solana, Ethereum, Terra, and Binance Smart Chain. TL;DR Wormhole got hacked. Solana got its first hacking incident. It is an opportunity for Solana to improve its security. Hacking The hacker was able to mint 120K Wormhole-wrapped Ether on Solana. They then bridged 93,750 of these tokens to Ethereum and withdrew the unw...

Photo by Martin Sanchez on UnsplashDAO or Decentralized Autonomous Organization is a buzzword in 2022. There are more DAOs popping up than ever. That is great for the crypto ecosystem. However, I will share my experiences about DAOs and what we can do in DAO in 2022 and beyond. TL;DR Here you can learn the original idea of DAO and three principles derived from robotic rules. DAO can be a spectrum to apply into your community-building process and of course, you do not need to be a DAO. What is...

Photo by Martin Sanchez on UnsplashDAO or Decentralized Autonomous Organization is a buzzword in 2022. There are more DAOs popping up than ever. That is great for the crypto ecosystem. However, I will share my experiences about DAOs and what we can do in DAO in 2022 and beyond. TL;DR Here you can learn the original idea of DAO and three principles derived from robotic rules. DAO can be a spectrum to apply into your community-building process and of course, you do not need to be a DAO. What is...

Photo by Sina Saadatmand on UnsplashRug pulls are very common in the crypto space. It is a type of exit scam in which creators of such crypto products inflated their price and valuation to attract more buyers and suddenly sold to cash out so that the market will tank into the near-zero valuation. So how to spot rug pulls and prevent them? TL;DR Rull pulls are preventable if you follow these 10 steps. Categories There are 3 categories of rug pulls so far. Liquidity stealing, limiting sell orde...

Photo by Sina Saadatmand on UnsplashRug pulls are very common in the crypto space. It is a type of exit scam in which creators of such crypto products inflated their price and valuation to attract more buyers and suddenly sold to cash out so that the market will tank into the near-zero valuation. So how to spot rug pulls and prevent them? TL;DR Rull pulls are preventable if you follow these 10 steps. Categories There are 3 categories of rug pulls so far. Liquidity stealing, limiting sell orde...