Why DAOs are the next big trend
We believe that DAOs are an amazing thing and that they will become the biggest trend in the market soon. To speed up the adoption however, we, as one of the market participants, feel that we need to start educating people more about DAOs. Starting from this article, we are forming a new content line: Xillion HODLER Academy.
We will be posting more useful content about DAOs and will be doing our best to attract more users. This idea was also inspired by the Terra case, so we believe we all need to produce more high-quality content and educate as many crypto community members as possible. This will help more users to make better and well-thought-out decisions about the market.
What are DAOs?
DAOs are an effective and safe way to work with like-minded individuals around the globe.
Think of them like an internet-native business that’s collectively owned and managed by its members. They have built-in treasuries that no one has the authority to access without the approval of the group. Decisions are governed by proposals and voting to ensure that everyone in the organization has a voice.
There is no CEO, CFO, or any other C-level execs. Everything is out in the open and the rules around spending are baked into the DAO via its code.
Simply put, DAOs are the best way to buy, own, and manage assets.
The biggest problem currently is quite simple. DAOs are accessible mostly for those who are experienced enough in tech, because currently if you want to launch a DAO, you need to use at least 3-5 different solutions / platforms which are usually not integrated. This makes the process super inconvenient, slow, too complicated, and not cost-efficient.
Here is where our solution comes in. To solve the issue, Xillion provides all of the must-have features under one roof on an easy-to-use platform almost for free. Additionally, we will even invest in all DAOs which our team finds promising.
Who should launch a DAO asap? And what DAOs might be launched on Xillion?
Investment DAOs (Decentralized VC style DAOs):
This kind of DAO raises funds and invests funds into different types of assets such as native tokens and NFTs. A great example of these is BitDAO for example.
P2E games-related DAOs (gaming guilds, DAOs):
Normally, these DAOs are creating a community of gamers a.k.a guilds, gathering thousands of gamers, buying best-in-class in-game NFTs and providing scholarships (rent NFTs for free to gaming guild members). Good example is YGG.
The best example is the Constitution DAO, an absolutely tremendous case where users teamed up, raised $40MM to compete with crypto market antagonist and hedge fund tycoon Ken Griffin for one of the copies of the United States Constitution. Was something like that even theoretically possible just 2 years ago before DAOs emerged? Of course not. And this is why DAOs are pure magic. There are many other examples like the Dodgers DAO and other DAOs where users team up and compete to buy NFL / NBA teams.
One of the most useful, but unfortunately least hyped kind of DAOs. Good examples are Bacon DAO or Illuminati DAO. These projects want to help users gain more knowledge about the market, and earn money by producing high-quality educational content.
There are many examples when users were teaming up to buy properties, rent them via AirBNB, and distribute the profit among DAO members afterwards. Imagine you can buy something as grand as the Empire State building together with your friends and thousands of enthusiasts from all over the world.
There are some projects that are trying to create the record labels or talent agencies of the future, where everything is decentralized and all of the songs, movies, etc. are funded by the fans directly (profit is distributed among them and artists). Additionally, there are some influencers who tokenize their YouTube channels and TikTok accounts by making them DAOs. By supplying their tokens, you can buy a piece of their business and be able to participate in the decision making / content creation process. This is an amazing opportunity for most fans and artists.
As most users understand, there is an endless list of potential ideas for DAOs. If you personally have been inspired by this article or have your own amazing idea for a DAO, feel free to submit it here and receive all of the technical support for the launch. You would be eligible to receive up to $50,000 in investment from the Xillion Ecosystem fund following our review.
Stay tuned, as we will be soon publishing more articles in further detail regarding the DAO market!
Xillion.One - a fully-fledged ecosystem for DAOs. All of the essential tools for building a successful DAO included in one convenient and easy-to-use platform.
Launch your DAO with no coding required in just a few clicks, raise funds easily, manage your DAO, and automate all governance in our all-in-one platform.
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