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List of NFT DAOs track hot items

2021-11-26 21:00

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It is believed that in the future, the DAO completely run by NFT will surely usher in further innovation and development

NFT DAOs: Social DAO, Crowdfunding DAO, Collectibles DAO......

Original source: NFT Labs

The past and present of NFT DAO

Blockchain has seen a history of changes from DeFi to NFT, and then to DAO, as market needs have changed.

Compared to the DeFi market, the community in NFT expects a deeper level of psychological return, not just financial return. As the price of high-quality NFT continues to climb, the lowest prices for items such as CryptoPunks, at $380,000, are prohibitively high for most people. This led to the emergence of DAOs in the FIELD of NFT. For example, FlamingoDAO and PleasrDAO jointly established a Treasury to invest in NFT.

In addition, as digital native objects expand, NFT shows the potential to solve ownership problems at a stroke. As communities continue to grow, many traditional operating models are being transformed into fully decentralized autonomous organizations.

NFT DAO, for example,

Web3 The social DAO

FWB DAO

Number of followers @fwbTweets: 254K

Discord @Friends W BENEFITS Number of members: 11,822

(Data source: DeepDAO)

Since its official launch in September 2020, FWB has quickly become one of the Internet's most influential social experiments, growing to 4,719 members. Friends with Benefits (FWB) grew out of the Discord private server and has become a global community connected by shared values, incentives ($FWB), and IRL+URL experiences, standing at the intersection of culture and currency.

At the entry threshold, joining FWB requires a written submission, reviewed and voted on by community members, and a certain amount of $FWB to represent DAO ownership. The owner can receive the DAO creative output revenue and has the right to manage the community finances. FWB is committed to innovating incentives for the next generation of artists, creators and builders to help revolutionize the Internet.

Fragmenting bidding DAOs

PartyDAO

Twitter @PrtyDao Followers: 133k

Discord @partyDao Number of members: 1,707

The creation of PartyDAO and the product realization process of PartyBid enabled the convergence of individual power. PartyBid is the latest popular NFT collection bidding product launched by PartyDAO. The potential is to allow anyone to participate in NFT without limit, with no funding requirements or other restrictions. Anyone can create crowdfunding through PartyBid to participate in designated NFT auctions, dramatically lowering the bar for ordinary users to participate in sky-high NFT assets.

In PartyDAO gameplay, each crowdfunding created for NFT is called a "Party". Anyone can log in to PartyDAO and initiate a Party by invoking an on-chain function, setting a Party name, splitting T, and providing a link to the auction bid (PartyBid currently only supports NFT auctions on Foundation and Zora platforms). Once a Party is created, it gets a dedicated link, and anyone can visit the Party to contribute.

After pooling funds by forming a team, the Party will participate in the designated NFT auction as a team. Foundation and Zora support British auctions with a 24-hour time limit. After the pool reaches the minimum price, any participant can bid at any time within 24 hours as long as there is sufficient funds in the pool. After successful bidding, NFT is deposited into a vault jointly owned by DAO holders, and the assets are jointly owned by DAO holders. The DAO members who contributed will receive the ERC-20 of the split NFT on a pro rata basis, and the remaining funds will be retrieved by the funders.

PartyDAO's mission is to grow into a long-term organization that can fund its own continued existence. PartyBid can help individuals participate more in the art collecting market, which was previously only available to a few people. In the future, there will be more qualified digital artists, collectors and art connoisseurs active in such platforms, forming a strong influence in the market, helping retail investors to identify and screen undervalued works of art with potential, and enjoying the appreciation potential of more high-quality assets.

To swim the DAO

YGG DAO

Twitter @YieldGuild Followers: 1093K

Discord @yield Guild Games Number of members: 70,961

Unlike some of the aforementioned ARt-focused NFT DAOs, Yield Guild Game (YGG) established a YGG DAOS of players and investors in decentralized games, profited by investing in virtual worlds and NFT used in blockchain.

The company behind YGG is a Manila-based game studio founded by Gabby Dizon, who was part of the team that launched Axie Infinity and Forever Finance Communities. The studio was co-founded by Beryl Li, a Cambridge entrepreneur who is co-founder and former chairman of CapchainX, and Owl of Moistness, a blockchain developer and one of the creators of the Axie Infinity algorithm. Nolan Manalo, also known as Nate, is the head of game operations at YGG, which now has more than 20 members.

YGG DAO mainly earns profits by directly or indirectly leasing or selling NFT assets owned by YGG. Guild members can use guild assets to directly earn in-game rewards for YGG. Third parties (non-members) can use in-game assets to earn profits, such as economic activities on in-game land to generate income. In this way, NFT ownership will appreciate as the economic value of the in-game assets increases, reflecting the value of the owner's NFT on the open market. In addition, players can earn money by participating in the game.

The total supply of YGG is 1 billion. 45% has been set aside to be phased in over four years to support YGG community operations; About 40% will be split between investors (24.9%) and founders (15%); The remaining 15 percent will go to the company's finance and advisory.

For security reasons, YGG establishes a sub-DAO to host the assets and activities of a particular game. The assets in the sub-DAO are purchased, owned and controlled by YGG Vault through a multi-signed authenticated hardware wallet to ensure maximum security.

Crowdfunding investment & NBSP; DAO

PleasrDAO

@pleasrdao Number of followers: 311K

(Data source: DeepDAO)

PleasrDAO is an NFT DAO created to jointly raise funds to purchase high-value NFT. The capital contribution fees and ownership of digital assets are shared by PleasrDAO members.

PleasrDAO was originally founded with the goal of crowdfunding the Uniswap V3 NFT artwork "X * Y = K" (a commemorative video created in anticipation of the dex-Wniswap update) designed by NEW York-based 3D digital artist PplPleasr.

After buying UNI V3 NFT, PleasrDAO made mainstream media headlines by acquiring the only NFT digital artwork that Edward Snowden called "Stay Free". On April 16, 2021, PleasrDAO purchased the first officially issued Snowden NFT at the Foundation auction at the price of 2224E, the highest price in Foundation auction history. The purchase funds were subsequently donated to the Press Freedom Association. To promote journalistic transparency and decentralization within the media.

PleasrDAO will continue to buy and commission NFT art, as well as invest in decentralized finance, incubate new products, cultivate new digital artists, and make angel investments in digital markets.

FlamingoDAO

Twitter @Flamingodao Followers: 312K

(Data source: DeepDAO)

Flamingo DAO expands DAO funding primarily by researching emerging investment opportunities on the chain. In keeping with his firm belief that blockchain collectors are the new wave of investors and curators, Flamingo DAO believes that the shift to studying digital property ownership will play an important role in creating unique and unknown digital content markets and consumption patterns.

Famingo DAO's goal is to gain a foothold in the digital marketplace, particularly the recently promising blockchain art market. Famingo DAO members have the opportunity to put their personal NFT assets into the DAO Vault, which gives them access to a line of credit secured by digital assets. In addition, investors can enjoy a variety of benefits when they become DAO members. For example, members can display their NFT in the DAO Digital Gallery, store the NFT in the DAO vault for maximum security, split the NFT, and use it as collateral in other DeFi platforms.

Platform & have spent DAO

Jenny Metaverse DAO

Twitter @JennyMetaverse Followers: 169K

Discord @jenny Metaverse DAO Number of members: 1,194

Jenny DAO mainly lowered the threshold of NFT investment through structural design. JennMetaverse is a decentralized organization built and managed on the Unicly platform. JennyDAO is an NFT collectible represented by ERC20 (uJenny). The ERC20 can indicate the holder's share in the NFT collection and is a symbol of the holder's future voting rights in the JennyDAO, determining issues such as which works of art should be included in the collection.

Regardless of whether the holder is a member of the DAO community, every user on the platform can purchase an artwork from the JennyDAO vault after receiving a certain number of T's. JennyDAO community members are also responsible for putting NFT into the vault and locking it into smart contracts, estimating the total value of locked NFT, creating/adding new NFT, arbitrating NFT and Jenny values, and evaluating long-term offers for purchased NFT.

Users who are members of the JennyDAO community can also access private Telegram and Discord to get additional information, market news and updates from the NFT Marketplace, and influence how money is spent in the JennyDAO vault. After the vault sells the NFT, JennyDAO members receive a percentage of the premium revenue based on their DAO shares.

The collection DAO

APED DAO

Twitter @apedao_ Followers: 169K

Discord @ape DAO Number of members: 6,587

Bored Ape collector Kylo set up the NFT DAO through NIFTEX, a community that has grown into one of the most valuable vaults for Bored Ape collections. APED DAO collected 70 E's in only four days, and is certainly a great success.

APED (Baddest Alpha Ape Bundle) this collection initially consists of 49 patterns, including 48 bored apes and one female crypto punk. Later, several DAO members decided to fund the DAO by deposing more NFT into the smart wallet Treasury. As a result, baby CyberKongz, Arabian Camels, Punk "s Comic, Bonsais, Crypto Balls and Avastar have been added to the collection.

APED DAO quickly increases the coffers in this way, and extends far beyond the ecosystem of bored apes. Currently, the DAO is looking to appropriate vault funds to new NFT projects, and thus further develop collectibles managed by APED DAO members.

APED DAos are managed by their community, and $APED fragments created by NIFTEX are used to enforce decisions. Currently, there are more than 230 members APED DAO, indicating that the acquisition of some of the rarest NFT in the bored ape ecosystem is greatly democratized.

Nouns DAO

Twitter @NounsDAO Number of Followers: 243K

Discord @Individuals Number of members: 9,164

(Data source: DeepDAO)

In the NFT project, Noun was released in an unusual way. Each day the auction house casts a Noun, a pixel-colored, bespectacled lump that looks like an idle scribble on lattice paper. The Nouns DAO Project holds an auction once a day, with only one Noun being auctioned each time and only E being accepted. All E of the auction proceeds will go into the project Treasury. The auction house mints a new Noun immediately after the auction on that day, meaning there is always and only one Noun on the market.

The Individuals DAO is the primary administrator of the Individual community ecosystem through the Governor Bravo Contract, a modification of the Compound agreement. Noun holders also acquire ownership of the NFT and are members of the Nouns DAO. Membership is irrevocable. In addition, a Noun is equivalent to one vote in all governance transactions for the DAO. Noun's voting rights are non-transferable (they disappear if the holder sells his Noun), but they can be delegated, meaning that as long as the holder owns Noun, they can assign their voting rights to others.

HeadDAO

Twitter @Headdaonft Followers: 156K

Discord @headdao Number of members: 59,852

HeadDAO is a digital art collection stored on a blockchain. HeadDAO members hold $HEAD, representing partial ownership of the NFT held by the community Treasury. Members also have exclusive access to the DAO community, view Shamdoo cat photos and vote on DAO assets. HeadDAO split the blue-chip NFT, with 80% of the seigniorage proceeds and 75% of the royalties going to the DAO.

conclusion

The concept and attempt of DAO are early and have promoted the development and progress of blockchain industry through smart contract mode. As the NFT boom continues to sweep the world, investors focus on NFT works of art with collection value, and the NUMBER of DAOs established for investment in NFT also increases. It is believed that in the future, THE DAO completely run by NFT will surely usher in further innovation and development, and the DAO community will incubate more diversified forms of operation and profit, which will bring unexpected development space for NFT in the longer term. Let's wait and see.