DAO Projects

Top DAO Projects

Table of Contents

Crypto trends and blockchain technology are driving new innovations and opportunities for businesses and individuals all over the world. As more and more people realize the benefits and potential of blockchain, the trends and tools to support them continue to evolve.
Some of the top decentralized autonomous organizations (DAOs) are an example of how technology and innovation can drive DeFi governance. The members of DAOs enjoy privileges granted by only internet-native social organizations.
Whether built to pool funds and buy an expensive piece of art or designed to function as a private club with an NFT purchase acting as an all-access pass, DAOs represent communities that came together to reach a goal.

What is a DAO?

The technical definition of a DAO is a decentralized autonomous organization or group of people who come together and agree to follow certain rules to achieve a common goal. Regardless of purpose, all participants are on board with the organization.
In their purest form, DAOs are groups that form for a common purpose, like investing in start-ups, managing a stablecoin or buying a bunch of NFTs. ConsenSys, a blockchain organization, defines DAOs as “governing bodies that oversee the allocation of resources tied to the projects they are associated with and are also tasked with ensuring the long-term success of the project they support.”
Once it’s formed, a DAO is run by its members, often through the use of crypto tokens. These tokens come with certain rights attached, such as the ability to manage a common treasury or vote on certain decisions.
A DAO’s financial transactions and rules are recorded on a blockchain. This eliminates the need to involve a third party in a financial transaction, simplifying those transactions through smart contracts.
The firmness of a DAO is a smart contract. The smart contract represents the rules of the organization and holds its storage. No one can edit the rules without people noticing, because DAOs are transparent and public. Up to today we are used to companies backed by legal status, a DAO may function perfectly without it as it can be structured as a general partnership.

How to Create a DAO?

DAOs need the following elements for being fully functional:

  • A set of rules to which will operate
  • A funding like tokens that the organization can spend to reward certain activities to their members
  • To provide voting rights for establishing the operation rules.
  • A well and secure structure that allows every investor to configure the organization

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Why Choose to Join a DAO?

DAOs can be more transparent than traditional organizations, because the group’s important decisions get made “on-chain,” using governance tokens and votes that appear on the permanent blockchain ledger.
Typically more democratic than traditional organizations, DAOs allow every participant to vote on group decisions – not just boards or executives.
DAOs can be nimbler and more fast-moving than traditional companies, because they’re often project specific. You can set them up and wind them down quickly, with significantly less red tape than forming a traditional start-up.

What Are the Best DAOs?

Uniswap V3
Uniswap is a decentralized exchange (DEX) built on the Ethereum network that allows investors to swap ERC-20 tokens easily. This is the token standard for Ethereum and includes altcoins like Shiba Inu and Chainlink.
Because the exchange is centralized, there’s no need for an intermediary for trades. Uniswap features liquidity pools to remove the traditional order book. Any user can put their idle ERC-20 tokens into liquidity pools and generate yield. Though the returns depend on the token, they’re typically higher than traditional savings.
Due to its popularity, Uniswap has become one of the most widely-used DeFi protocols globally.

ENS

ENS DAO
The Ethereum Name Service, or ENS, is a distributed technology based on the Ethereum blockchain. Offering a solution to long and convoluted crypto addresses, ENS provides one URL for a crypto address.
Replacing the long public address with a simplified name, ENS provides short URLs that are easy to remember and read. For example, a URL that reads “0xDC25EF5B8A186998338A2ADA8378592hueiaf95FBA2D695E” becomes as simple as “Alice.eth.” You can also use ENS with DNS names you already own, such as .com, .org, .app, .io, .xyz, and .art. The native name has the security benefits of being blockchain native.
Decentraland
Decentraland is an online virtual world governed by a DAO with administrative and governance decisions ruled by stakeholders in a democratic fashion. Stakeholders are defined by owning the platform’s native token, MANA.
Despite being only about nine square miles in the real world, Decentraland has been drawing attention to its recent sales. Recently, MANA had a $4.3 billion market cap.
Newsletter.banklesshq
Bankless DAO is a decentralized community intended to coordinate and propagate bankless media, culture, and education. The goal is to drive awareness and adoption of a truly bankless money system, similar to DeFi, Bitcoin, and Ethereum through collective community participation.
Only an internet-native organization has the capability to grow an internet-scaled revolution, and Bankless DAO is leading the charge. This DAO completely supports the bankless message and has the reach to bring people together to achieve this goal.
Developer DAO
Developer DAO is a community of thousands of web3 builders creating a better internet. The DAO exists to accelerate the education and impact of a new wave of web3 builders with guilds, culture, teaching and learning, and strengthening the community.
Several values form Developer DAO’s branding, including transparency, diversity and inclusion, responsibility, kindness, and empathy. With this in mind, Developer DAO seeks to onboard, educate, and support web3 developers and foster and build web3 tools and goods.
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FlamingoDAO
FlamingoDAO is a DAO designed to give members the ability to develop and deploy NFT-focused investment strategies. So far, it’s raised 7,920 ETH in its treasury, using these funds to purchase rare and valuable NFT to invest in its future.
Currently, FlamingoDAO owns such high-value NFTs as CryptoPunks, Bored Apes, Cryptoblots, Autoglyphs, Chromie Squiggles, and more. Several of the NFTs are 1/1s, and all NFTs can be cross-referenced with blockchain data to verify FlamingoDAO’s ownership. In total, the collection numbers in the thousands.
In addition to CryptoPunks and Bored Apes, popular profile picture projects, the DAO owns 246 Chromie Squiggles, 371 Cryptoblots, five Autoglyphs and several other bespoke NFTs, known as 1/1s (“one of ones”). These NFTs can be cross-checked using blockchain data that traces back to FlamingoDAO wallet addresses. In total, the collection includes NFTs numbering into the thousands.
ClimateDAO
ClimateDAO is a DAO focused on social impact and combating climate change. Unlike other DAOs, however, its approach focuses on investing as a driver of change. By pooling money from contributors and purchasing shares in publicly traded companies, ClimateDAO uses its stock position to enact strategic change in the organization through advocacy and proxy voting.
Friends With Benefits
Friends With Benefits is a worldwide group of cultural creators, thinkers, and builders who meet to network and collaborate on individual projects. Each city in the network has its own hub of web3-minded individuals who can meet locally.
The DAO holds its native token, $FWB, to collectively fund and govern community endeavors and retain co-ownership of whatever it creates.
Compound
Compound is a DAO operating in the DeFi sector that allows investors to lend and borrow cryptocurrencies seamlessly. Investors have the option to lock their tokens into the Compound protocol and begin generating interest payments immediately. Compound also allows investors to accumulate interest distributed on the asset they deposit.
Users can lend or borrow, and their payments are based on the original currency. The entire process is decentralized and anonymous, so there’s no need for credit checks from borrowers.
DreamDAO
DreamDAO is a social-impact DAO that invests in the space by cultivating young people who want to build in web3. In finding obstacles to flourishing and figuring out how web3 can overcome them, DreamDAO hopes to give young people all over the world access to these skills and techniques. The DAO also focuses on training people to build their own DAOs in the social impact space.
VitaDAO
VitaDAO is an extraordinary DAO that seeks to use the DAO framework to support life-changing healthcare research. According to the site, VitaDAO’s mission is “to extend human lifespan by researching, financing, and commercializing longevity therapeutics in an open and democratic manner.”
Currently, VitaDAO is working on its first project, an effort to fund a research project at the University of Copenhagen. The university’s research is intended to discover and repurpose therapeutics leading to healthy aging and longer lifespan.
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Looking to Create Your Own DAO?

DAOs attract participants for many reasons, including trend-chasing, speculation and gambling, or a drive for social change. The common theme with all of them is collective ownership, however, that could build newer and better organizations and platforms governed by fairness and transparency.

The vision is that DAOs will transform organizations, governments, companies, and more. It will change the way we work and more.

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