4 ms·
I think the open source space will benefit tremendously from DAOs (Decentralized Autonomous Organizations) that direct funding for projects or new ideas of note
by Sargos 7y ago
I think the open source space will benefit tremendously from DAOs (Decentralized Autonomous Organizations) that direct funding for projects or new ideas of note.
The most famous example is Moloch DAO which funds things ranging from entire software teams building Ethereum clients to individual positions like a test plan runner for coordination across multiple organizations. These are the types of things that are traditionally hard or impossible to get funding for as the smallest unit of funding typically falls to VCs who fund an entire company for many years.
Anyone can submit a funding proposal which is akin to a business plan that doesn't aim to make money and it is voted on by members of the DAO. A lot of interesting ideas are debated and refined with the best ideas making it to the front and being funded by democratic vote.
We are still within the first few years of the existence of DAOS and there are already a dozen DAOs focused on funding various aspects of tech and design with likely many more coming in the future. Open source has always had a hard time competing with corporations but with DAOs like Moloch and others the future is starting to look bright.