The Evolution of Impact DAOs | State of the DAOs
The Evolution of Impact DAOs | State of the DAOsYou're reading State of the DAOs, the high-signal low-noise newsletter for understanding DAOs.You know the DAO space is maturing when we have other DAOs applying the rigors of social science to trying to understand how to build an organization that is both growth-oriented and sustainable. Such is the case with Impact DAO Media, an organization dedicated to uncovering what makes Impact DAOs work. In 2022, Impact DAO Media completed a study of twelve Impact DAOs, and they are gearing up for an even larger study this year. The first study found, among other things, that “Impact DAOs tend to emphasize relationships, community, and aligning around values over financial gain…. [and] Impact DAOs rely on a mix of web3 and web2 tools. Web3 tools are for governance and decentralized payments, while web2 tools are still the go-to tools for collaboration and communication.” Sounds familiar. In addition, Impact DAO Media has launched an Impact DAO course and are building out fiat-space communities to bring awareness around the power of these new organizations. Impact DAO hopes that by “understanding their DNA and enabling their growth, we can help shape a more sustainable and equitable future for all.” This week’s DAO Spotlight focuses on ReFi DAO, an organization dedicated to rejuvenating the planet through a global regenerative economy, and we conclude, as always, with a TL;DR on some of the most recent DAO ecosystem takes and thought pieces, making it easy for you to cut through the noise and learn everything you need to know about the current state of the DAOs. Contributors: BanklessDAO Writers Guild (Seneca52, Boluwatife, KingIBK, Warrior, Quilia, Vi-Fi, Feems, Kornekt, Trewkat, HiroKennelly, siddhearta) This is the official newsletter of BanklessDAO. To unsubscribe, edit your settings. 🙏Thanks to our SponsorGame7 DAOJoin the web3 gaming revolution at the 3XP Gaming Expo powered by Game7! The event will feature esports tournaments, immersive gameplay, and networking opportunities for industry pioneers. Connect with potential partners and investors during a showcase of the best web3 games. When: June 8-9 Where: Pasadena Convention Center Get your tickets today!👉 Game7 is extending a 15% discount to the Bankless community! Use discount code: Game7@3XP15 to claim it. This early-bird discount is only available for the first 300 people, so don’t delay! 👉 To learn more, visit 3XP.gg and follow on Twitter @3XPgg. 👉 For more information, please contact info@3xp.gg. The Evolution of Impact DAOsResearch and Education Help Build a More Sustainable and Equitable FutureAuthor: Seneca52 Impact DAOs are the youngest category of DAOs. While they have diverse objectives, they share a common purpose: to coordinate individuals online to make a real-world impact on people and the planet. As the world faces increasingly complex and interconnected challenges, Impact DAOs offer a new model for collaboration and collective action. By studying their structures, operations, and achievements, we can learn valuable lessons that can help us shape a more sustainable and equitable future. Impact DAO Media: OriginsIn 2022, Impact DAO Media conducted an intensive research study on twelve mature Impact DAOs, focusing on groups that met specific criteria. These criteria included being purpose-driven (integrity) and having been in operation for at least five months (longevity). In other words, we wanted to understand how real Impact DAOs that actually worked - worked! So what did we find? The DNA of Impact DAOsThis initial study revealed a host of valuable insights, and some general principles that broadly applied to all the DAOs studied.
The Evolving World of Impact DAOsOne year on, we are gearing up to launch a bigger and better study into the evolved world of Impact DAOs. Our early research shows that the space has grown phenomenally, with over 100 Impact DAOs that have been operating for one year or more. Impact DAO builders often design from first principles, and so the governance model is constantly evolving. The second phase of Impact DAO Research will study 16 DAOs carefully selected from an initial, crowdsourced list of over 70 Impact DAOs. To reflect how the space has developed, we’ve expanded the list of categories.
The FutureThe legendary management consultant Peter Drucker is credited (along with a number of other people, which is always a good sign) with the famous saying, "The best way to predict the future is to create it." We are excited to announce the launch of an Impact DAO course, designed to educate and empower those interested in creating, joining, or contributing to Impact DAOs. The course will cover essential topics such as DAO fundamentals, governance models, and best practices for building successful Impact DAOs. In addition, we are establishing a network of Impact DAO nodes to serve as local hubs for community-building, knowledge sharing, and collaboration. Led by advocates and trainers, these nodes will raise awareness about Impact DAOs and provide guidance to aspiring founders and contributors. A crucial part of the Impact DAO nodes initiative will be organizing in-real-life (IRL) events and spaces, fostering connections among Impact DAO enthusiasts, and promoting collaboration on impactful projects. We hope to see you at one of them! Pioneering a New Era of Collective ImpactAs Impact DAOs continue to evolve and grow, it's essential to continually reevaluate the current and potential future trends in the space. This may include exploring the role of regulatory frameworks, the integration of artificial intelligence and machine learning, and the development of more advanced governance models. Impact DAOs represent a powerful force for change, transcending traditional limitations and embracing a new era of collective impact. By understanding their DNA and enabling their growth, we can help shape a more sustainable and equitable future for all. 🙏 Sponsor: Game7 DAO is launching Summon, the new, gamified, meritocratic governance tool for DAOs. Ecosystem Takes
A DevOps Interpretation of DAOsAuthor: 0xJustice 🔑 Insights: Examining the idea of DAOs from a DevOps perspective, this article highlights the developments in technology and possible uses for DAOs. It notes how "Everything-as-Code" (EaC) and other current technological advances are extended by DAOs, and it analyses the advantages of programmable agents, programmable property, and programmable contracts within DAOs.
Delegate Election: An AnalysisAuthors: Butterd.eth, Lajarre 🔑 Insights: This analysis reviews recent events out of Aave, where the community held an election to select a delegate for a three-month term. TokenLogic emerged as the winner of the Snapshot election, followed by StableLab, and Fire Eyes. Some takeaways include:
An Interview With a DAO Money Grabber, How They Are Draining TreasuriesAuthor: Makoto Takahiro 🔑 Insights: Some DAOs have received recognition for stacking up funds in their treasuries. However, as expected in an autonomous organization, not all of the participants of the DAO have pure intentions. Some of them (known as money grabbers) relentlessly use various tactics to deceive and manipulate the system, and eventually siphon funds from the treasuries. This article provides a detailed interview with an anonymous money grabber who explains how and where these malicious activities are carried out. Among the revelations:
Economic Models for Tokenized CommunitiesAuthor: Jihad Esmail 🔑 Insights: DAOs are primarily concerned with the funding of community projects to increase a brand or mission. However, how tokenized communities reach economic sustainability is not prescribed by their form. Experiments with new and old economic models will be absolutely critical to their development and proliferation.
DAO Spotlight: ReFi DAOReFi DAO is a network that aims to rejuvenate the planet through a global regenerative economy. The organization envisions a future where local startup communities acquire land and tangible assets to create a net zero economy by 2050, in line with the Paris agreement. As a founder-led startup community, ReFi DAO is dedicated to creating a new culture at the intersection of climate action and web3 technology, where trust and coordination enable real-world impact. To achieve this goal, ReFi DAO is developing a new protocol that will allow anyone to participate in this culture and collaborate towards a more regenerative future. Currently, Earth is faced with the crises of climate change, biodiversity loss, and social injustice. This all points to the fact that there is a deeper underlying crises. It also shows that the economic system that we have designed is no longer serving our needs. Luckily we have been forced to think of new ways to solve our problems, and individuals, groups, and institutions are pitching in to help in any way they can, working to prevent us from reaching a complete biosphere breakdown. To address the pressing issues facing the planet today, ReFi DAO recognizes the need for a fundamental redesign of our currency, aligned with their core pillars:
ReFi DAO has established a thriving ecosystem that has attracted top-tier founders, hosted numerous events, onboarded many groups, closed deals, and garnered support from over 30 like-minded investors. Through this journey, the organization gained a critical insight that proved key to realizing their vision of regeneration at scale: by bringing together all the pieces of the puzzle, they can create a global network that is rooted in local startup communities, working together to take collective action towards a regenerative future. To know more about the community, visit their website and follow them on Twitter. 🙏 Thanks to our Sponsor |
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