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        <title>Product DAO</title>
        <link>https://paragraph.com/@product-dao</link>
        <description>Helping Web3 users make better purchases | The ownership economy x2</description>
        <lastBuildDate>Fri, 26 Jun 2026 06:35:01 GMT</lastBuildDate>
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            <title><![CDATA[Introducing Product DAO - “The Yelp of Web3”]]></title>
            <link>https://paragraph.com/@product-dao/introducing-product-dao-the-yelp-of-web3</link>
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            <pubDate>Mon, 24 Jan 2022 13:34:56 GMT</pubDate>
            <description><![CDATA[While the Web3 Landscape grows, there is still much left to be desired regarding consumer confidence in what they buy. Currently, most users buying NFTs or into a DAO are blind going into their purchase, leaving many with a bad taste in their mouth when their expectations don&apos;t line up. A platform for voicing opinions about digital goods and services would drastically improve purchase decision-making. However, the reviews we know today are fundamentally flawed. The two biggest problems p...]]></description>
            <content:encoded><![CDATA[<p><em>While the Web3 Landscape grows, there is still much left to be desired regarding consumer confidence in what they buy.</em></p><p>Currently, most users buying NFTs or into a DAO are blind going into their purchase, leaving many with a bad taste in their mouth when their expectations don&apos;t line up. A platform for voicing opinions about digital goods and services would drastically improve purchase decision-making. However, the reviews we know today are fundamentally flawed. The two biggest problems plaguing e-commerce today are fake reviews and review bias.</p><p>Blockchain technology makes verifying a wallet&apos;s Web3 purchases easy. Once a wallet is connected, our system will scan users&apos; transactions to confirm that they can leave feedback on goods and services they&apos;ve bought. Unlike traditional markets, we can confirm a transaction through any holding, no matter if the user purchased on OpenSea, LooksRare, or even through a private DM exchange. Therefore, we will only allow feedback from people who have obtained what they are reviewing. This solves the majority of review bombing, especially when we can add limits to how long after an acquisition members are allowed to leave their evaluation.</p><p>The second problem is bias. According to <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://hbr.org/2018/03/online-reviews-are-biased-heres-how-to-fix-them">Harvard Business Review</a>, &quot;research shows many of today&apos;s most popular online review platforms — including Yelp business reviews, and Amazon product reviews — have a distribution of opinion that is highly polarized, with many extreme positive and/or negative reviews, and few moderate opinions.&quot; Those with in-between experiences do not have an incentive to share their thoughts. The product has not changed their life, nor has it massively troubled them. <strong>Product DAO aims to reward users who provide quality analysis of their experiences.</strong> The $PRDCT token will allow us to do so, allocating tokens to those who write thought-out reviews and bonuses for videos or pictures explaining their thoughts.</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/023a84abb6ef294ca79fa7202d1cb26f3bbb2ca544611fae0f721b2e0dec44a1.png" alt="Early Mock-up of website concept" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="">Early Mock-up of website concept</figcaption></figure><p>We are actively seeking new members to help build the interface, specifically for the backend of the website and mobile app. If you’re interested in helping out join below!</p><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://discord.gg/qxQa3uva87">https://discord.gg/qxQa3uva87</a></p>]]></content:encoded>
            <author>product-dao@newsletter.paragraph.com (Product DAO)</author>
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