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I can't help thinking that one of the long-term utility applications for DAO's is to present additional avenues to projects entering seed stage especially now a
by jimmySixDOF 4y ago
I can't help thinking that one of the long-term utility applications for DAO's is to present additional avenues to projects entering seed stage especially now as funding drops. They may be a tangled mess of experimental trials and error in the present state with rug pullers and crypto maximalists crowding out other voices -- but as a way to harness the power of a user community to both generate and participate in value using a project coin/token without outside influence -- when looked at this way then using a DAO model for bootstrapping could offer projects a nontraditional way through the downturn while sharing the risk with a community who believe the risk is worth taking.