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Decentralized autonomous organizations (DAOs) started out as a simple concept envisioned as organizations, created by an idea and fueled by developers, that automate business functions and processes by leveraging smart contracts and all the fundamental tenets of blockchain. The core idea was to flatten the complex business process that various
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DAOs are believed to be the most efficient and important coordination tool for businesses and other organizations nowadays. In the first part of this article, we talked about the many benefits we saw during 2021, but like in any innovation, there are worries about what it might all mean in the
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Will 2022 be the year of DAOs? 2021 was certainly a blazing start. The blockchain-related explosive and disruptive innovations seem to come from a shared ontological hunger: that deeper side of the human being that urges us to fill in the void that makes us so different from other animals species. Spoiler
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This episode is sponsored by NYDIG.Download this episodeOn this episode of “The Breakdown’s” “End of Year Extravaganza,” NLW is joined by Santaigo Santos. Santiago is a crypto investor, thinker and podcast. He built one of the first funds in DeFi, was early into NFTs and is heavily involved in the
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This episode is sponsored by NYDIG.Download this episodeOn this week’s “Long Read’s Sunday,” NLW looks at DAOs and their benefits over traditional fundraising, reading:“DAOs and the Next Crowdfunding Gold Rush” by Will Gottsegen“What Kickstarter Going Decentralized Means for Web 3″ by Daniel Kuhn“The Breakdown” is written, produced by and features
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Members of the Messari research team add new proposals to the platform as they’re posted, rank them based on importance and type of proposal, and also gauge how warmly a community has received the proposal. The platform also contains links to both voting portals and the governance forums for the
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The biggest crossover crypto story of the past few weeks is probably ConstitutionDAO – a ragtag group of crypto believers who raised more than $40 million in ETH, the currency of the Ethereum network, to purchase an original copy of the U.S. constitution at auction.Much has been made of the
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Debates over-centralization vs. decentralization have always been a touchy topic. Many argue decentralization should be a vital part of the cryptocurrency world as it ensures platforms are not controlled by overbearing authorities or outside third parties. Resistance to censorship and centralized authorities is important as it means blockchain-based platforms can reach
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Last week, a crypto collective called ConstitutionDAO raised over $40 million in ether (ETH to buy an original copy of the U.S. constitution at auction; it failed, outbid by the hedge fund billionaire Ken Griffin.But the idea of raising $40 million in a week on the strength of a meme
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This episode is sponsored by NYDIG.Download this episodeLast night the crypto community waited with bated breath to see who had won the first printing of the U.S. Constitution. Despite raising over $40 million from 17,000 people, the ConstitutionDAO was ultimately outbid. In this episode, NLW discusses how the DAO came
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