Why DAO

Communities > Companies in a TRUE Metaverse

We believe that a true metaverse should be collectively created and owned by its builders, which means that it should not have a centralized power structure. All stakeholders ought to have the right to participate in value creation and value distribution.

DAO's trustless governance structure allows everyone, not just a few people, to participate in the decision-making process. The openness, transparency, and immutability of smart contracts can greatly reduce the need for intermediaries that might compromise decentralized decision-making.

In addition, it allows for greater respect for human spontaneity and self-agency, where each person's value judgment determines why and how she contributed to a community and what corresponding rewards she expected to receive. It is driven by highly aligned values, rather than traditional top-down corporate rules, that people from different backgrounds and geographies connect and collaborate with each other in a community.

DAO has the potential to connect the increasingly atomized individuals and build a more open and equal metaverse in the future.

Reconstructing civic life for ourselves

When we participate in civic life, we need to be part of a collective and community that is involved in the governance of public affairs, working together towards a common goal and making an ideal city possible.

In order to build a city we all want to live in, members of the community need to raise issues openly, make sure everyone is informed, and give others the right to voice their opinions, participate in the voting process, and engage with fellow citizens in respectful and positive ways.

While in reality, most of us may not have the opportunity or ability to be civically engaged in society. We are either too busy with daily life to devote enough time to volunteer activities, or we have become so accustomed to passively accepting the environment we are in that we gradually lose confidence in reshaping our city with others.

By running a DAO, we have the opportunity to learn how to engage and refine our civic life. We hope it would finally influence how we react to and participate in real-life public affairs.

An experiment to optimize human coordination

We have witnessed the application of DAO in some excellent projects such as Moloch and Gitcoin, which have largely revolutionized the coordination model and provided direction for us to build a community dedicated to public goods. DAO is still in its infancy. We still need a lot of research, Trial and error, and there will be many possibilities waiting to be explored.