You're reading State of the DAOs, the high-signal low-noise newsletter for understanding DAOs.
Gm and welcome to DAO life! This week we explore how DAOs use Social Tokens to create trust, align incentives, provide ownership, and give power back to the people through voting rights and community decision making. DAOs are qualitatively different than companies. Crypto protocols are responsible for enabling trust, letting humans focus on creating communities and making strategic decisions collectively.
Next, we share the TL;DR on the latest DAO ecosystem takes and thought pieces, making it easy for you to cut through the noise and stay up to date on the world of DAOs.
This is the current state of the DAOs.
Authors: BanklessDAO Writers Guild (Eliot Couvat, Alvo von A, Cheetah, hirokennelly.eth, Teeleroo, Thalia_M, theconfusedcoin, siddhearta, Jake and Stake)
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Guest Author: Eliot Couvat is a french writer passionate about Social Tokens, Web3 & the Creator economy. He works as a Head of Community & Growth at Coinvise, a thriving platform that allows anyone to create social tokens, where he helps hundreds of Web3 creators & communities build open economies. You can find him on Twitter @CDTEliot.
Artwork by Dippudo