What are DAOs?

0x9494@newsletter.paragraph.com (0x9494) — Sat, 19 Nov 2022 16:37:55 GMT

A DAO, or “Decentralized Autonomous Organization,” is a community-led entity with no central authority. It is fully autonomous and transparent: smart contracts lay the foundational rules, execute the agreed upon decisions, and at any point, proposals, voting, and even the very code itself can be publicly audited.

Types of DAOs include, but are not limited to:

Protocol DAOs – these DAOs, such as MakerDAO, focus on governance of decentralized protocols
Investment or Grant DAOs – Investment or Grant DAOs such as MetaCartel or Moloch DAO allow members to invest funds as a group.
Collector DAOs – a Collector DAO allows for members to pool funds, and collect, sell, and issue NFTs.
Social DAOs – these are communities built around a shared common interest or purpose.

What we’re exploring in the Month of DAO

0x9494@newsletter.paragraph.com (0x9494) — Sat, 19 Nov 2022 16:35:53 GMT

In the Month of DAO, MMI, and our DAO strategists will be looking into following areas that are concerning DAOs.

Governance: Is DAO governance failing? We say no, but join us as we delve into decentralization and governance.
Security: What are common themes when talking about DAO security? We speak with some of our favorite DAOs to get their views.
DAO Tooling: What are some different tools currently out there and how do they benefit DAOs? These will be the first of many that will continue well past our Month of DAO.
How DAOs are Funded: What are different ways DAOs are funded? Token sales, NFT issuances, and more!
Taxation and Regulation: What are some uncertainties surrounding taxation and regulation of DAOs? Our DAO experts explore.
Treasury Management: What is your hierarchy of needs? Why DAOs should spend time on treasury management and making those tough decisions.