The way our society works today in terms of technology and progress is largely in the hands of big companies. Corporations decide what the big push will be for the future. Within these monoliths there are hundreds or thousands of workers who, through financial incentives, strive for a vision determined by their leaders. The people at the top make all the calls and make the most profit, as it has for many years. The DAO wants to change that.
What is DAO? It stands for decentralized autonomous organization, but it seems a bit confusing to most people. Chase ChapmanCorollary is easy to understand for the rest of us, DAO contributors and entrepreneurs.
“A DAO is basically a group of people who have some kind of more formal ownership over something they’re working on,” says Chapman. “A good example of this from the gaming world is the fact that many of the ecosystems that have actually been borrowed are guilds. Guilds of players who come together who come together and are working towards some kind of shared goal and often they share the value created together.
Our new world
The pressure for DAOs using Web3 is largely about public ownership. As mentioned earlier, corporations have very few decision makers for most people. With DAO, contributors are the owners of their value and they are the stewards of their part of the world.
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Look at the demand
Chapman asks, “How can we build a foundation on which anyone can build?” “It’s really important, and the Internet has already brought something. The challenge is to monetize or transact value and never really value the people who created it. DAO essentially allows us to do that. It doesn’t matter if they are displayed as NFTs or tokens, more importantly we are creating a container for people to build this world. When you think of DAOs and what they do uniquely that helps make it happen is that people have parts of the value they are creating. By allowing people to own this value, they have the right incentives to go and build. “
What about corporations?
While the world of Web 3 and the open internet is exciting, we still have these big companies looking to get involved. What kind of role could a major development house or publisher play in shaping the future of the web?
“Often when we think of tokens, NFTs and Web3, it’s very binary,” says Chapman. “Whether you do it or not you do it. It’s not the best framing. I think one of the most interesting ways to explore this is to think about communities and create containers to build those communities. Opportunity for unlimited upside. As a publisher, you are limited in what you can do. ”
For many, the standard model of consumption is the norm. Most of us live in a world based on supply and demand, in which we give our talents for the currency for our needs. This inevitably leads to a system where wealthy businessmen make all the decisions and reap the most rewards. Ryan Gill, founder of OpenMata DAO, believes in the power of the community and the people who make it.
“I’ve been working around this idea of open metavars for years,” says Gill. “I’ve seen a lot of corporate approaches to what metavars can be. I’ve come from a place where I think it’s dangerous to give it away. Communities are at the forefront with Web3. Organizations are trying to catch up. We have closed metavars, So we have to give it.
Life on the web
Having control of a community over large parts of Metawars is a goal for many who support the idea of open Metawars. For others, the question is, why do we want to shake it all up? Cuglob co-founder Sarah Austin has the answer.
“It’s a lifestyle,” says Austin. “We are already immersed in social media and sports, but in the old days we are used to keeping the central institutions in charge. We don’t participate in ways that we can truly contribute to. We spend our money and time, give everything to the central organization that it takes and do what they want with our data. They can censor us. The culture of cancellation is being adopted all over the world. This is the way we can say we don’t accept it. The open source movement is moving towards a new way, lifestyle and ethics in Metawares. “
“Adding to that, one of the most interesting aspects of this whole experiment is that a lot of it is ultimately about faith,” Chapman adds. “Even if you are in agreement with a central organization that has control over what can and cannot be built, those who are developing and building value in that ecosystem should believe that the time and The power will be respected. “
Where are we going from here?
Ryan Gill and Open Meta will be a great strength for the new web community. Big companies may have their share and will continue to do so, but people can say a lot this time around.
“No matter how big the corporation or the opposition is, you can’t stop open source software,” says Gill. “You can’t stop these communities from doing what we’re going to do. I think at this point, there is a true and false side to history. “
No matter how you look at it, the next step for our connected global network is going to be interesting. For more information on DAOs and other interesting aspects of this topic, check out this discussion at GamesBeat Summit: Into the Metaverse 2!
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