DAOly Post #40 - 6/05/22
Curating the latest and greatest in the DAO and Crypto space.
We have a mission to inform, entertain and empower anyone who wants to be involved in decentralized communities.
Join us each week for a breakdown of everything DAOs and how you can get involved in the communities building Web3.
📖 Reads of the week
The Purpose of Guilds
Small working groups or “guilds” are working groups within a DAO that have a particular function within the DAO. Three common guilds within a DAO 👇
Onboarding: focused on helping new DAO members find where they would like to contribute to the DAO.
Education: teaching and upskilling others within the DAO to contribute to a certain task or role within the DAO.
Community: Fostering a healthy DAO through events, community calls, communication channels, etc.
Building a DAO to Learn in Web3
Rahul talk about his experience building SpicyDuck DAO (NFT Investment DAO) and the tools they decided to use 👇
Messaging: Telegram as the DAO is smaller and not as overwhelming as other popular DAO messaging services.
DAO Launcher: Syndicate because of better customer support, legal help and contributors did not need to be accredited investors.
DAO Governance: Snapshot and Telegram, for important votes used snapshot but ended up using telegram polls most of the time.
Read the full article to learn more about the other DAO tools that they decided to use and why.
Illegible Enterprises: DAOs, Unwrapped
Currently, there are trade-offs for DAOs becoming a legal entity or staying an “unofficial” entity. Three popular legal frameworks that DAOs can use 👇
Wrapper: DAO is fully wrapped within a registered entity that holds the DAO’s assets and members are equity holders.
Ecosystem: DAO controls a number of entities to solve some of the legal, political, and financial issues.
No Legal Structure: No legal entity
Read the full article to learn more about the trade-offs in choosing each of these legal approaches.
🗳️ DAO Vote of the Week
FWB (social DAO) is voting on a potential partnership with Hennessy which will include 👇
NFT drop curated by FWB community (revenue split between FWB and Hennessy)
Creative roles for FWB members
Cafe 11, a FWB member and NFT holder only lounge experience in LA and NYC
Interested to see the impact of this brand partnership if the FWB community votes to approve the partnership.
🐦 Tweet of the week
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