You're reading State of the DAOs, the high-signal low-noise newsletter for understanding DAOs.
For as long as we’ve been an organized species, we’ve been experimenting with how to make collective decisions. And for that long, we’ve been trying, and largely failing, to figure out a fair and equitable way to allocate decision-making authority.
One of the great hopes for DAOs was that they would give contributors a greater say in the organization’s decisions, that regular people would be able to help guide an organization. Indeed, we spend a lot of time talking about incentive alignment and bottoms-up governance, but many DAOs still use one-token one-vote models, plutocratic systems designed to reward whales over regular community members. There has to be a better way.
Fortunately, many are innovating in this area, ideating how to bring community participation, reputation, and other metrics into the voting equation. Game7 is one such platform.
As Game7 writes, “Soulbound tokens, experience points, and building meritocratic online communities offer effective solutions to address the pressing challenges confronting DAOs by promoting long-term engagement, incentivizing contribution, and ensuring fair distribution of decision-making power among community members.”
As always, we conclude 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 (Game7, angelspeaks, Quilia, KingIBK, Vi-Fi, Tonytad, Kornekt, HiroKennelly, siddhearta)
This is the official newsletter of BanklessDAO. To unsubscribe, edit your settings.
Join 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.