What about DAO's? A MUD buddy who's big in DeFi, pointed out "So it's a new way for nerds to organize online. SO WHAT?" lol I did not have a ready reply.
I wonder if part of that skepticism is the notion that open-source software development has functioned "well enough" all these years, with much looser governance and lack of profit-motive.
🇳🇱
@mushambo
DAOs serve a purpose, and i am currently in the middle of deploying one for a cryptocurrency related project. But id caution as using them as thr default way to operate any project. For starters thry can get expensive for a project with no income, and second thry arent likely to offer much benefit unless they are serving as a democratic control point to sone other smart contract. The only real benefit of using it as a generic organization would be the immutability and transparency of a blockchain record, which really isnt worth the costs in itself for small projects.
@khird
Makes sense..I've been trying to gauge when their utility outweighs the hassle of execution and governance. My industry background is M&E and have been noodling around concepts for original IP development. I'm inclined to believe that DAOs are suited for a "web3-native studio" than parts of the production chain, i.e., collaborative screenwriting should work just fine as a creative co-op.
