DAOs.com
187 posts
DAOs.com
@DAOsDotCom
Premium Domain https://t.co/42mZRbXF86 FOR SALE. [email protected]
Katılım Temmuz 2018
418 Takip Edilen197 Takipçiler
How I would do creator coins
We've seen about 10 years of people trying to do content incentivization in crypto, from early-stage platforms like Bihu and Steemit, to BitClout in 2021, to Zora, to tipping features inside of decentralized social, and more. So far, I think we have not been very successful, and I think this is because the problem is fundamentally hard.
First, my view of what the problem is. A major difference between doing "creator incentives" in the 00s vs doing them today, is that in the 00s, a primary problem was having not enough content at all. In the 20s, there's plenty of content, AI can generate an entire metaverse full of it for like $10. The problem is quality. And so your goal is not *incentivizing content*, it's *surfacing good content*.
Personally, I think that the most successful example of creator incentives we've seen is Substack. To see why, take a look at the top 10:
substack.com/leaderboard/te…
substack.com/leaderboard/cu…
substack.com/leaderboard/wo…
Now, you may disagree with many of these authors. But I have no doubt that:
1. They are on the whole high quality, and contribute positively to the discussion
2. They are mostly people who would not have been elevated without Substack's presence
So Substack is genuinely surfacing high quality and pluralism.
Now, we can compare to creator coin projects. I don't want to pick on a single one, because I think there's a failure mode of the entire category.
For example:
Top Zora creator coins: coingecko.com/en/categories/…
BitClout: businessofbusiness.com/articles/insid…
Basically, the top 10 are people who already have very high social status, and who are often impressive but primarily for reasons other than the content they create.
At the core, Substack is a simple subscription service: you pay $N per month, and you get to see the person's articles. But a big part of Substack's success is that they did not just set the mechanism and forget. Their launch process was very hands-on, deliberately seeding the platform with high-quality creators, based on a very particular vision of what kind of high-quality intellectual environment they wanted to foster, including giving selected people revenue guarantees.
So now, let's get to one idea that I think could work (of course, coming up with new ideas is inherently a more speculative project than criticizing existing ones, and more prone to error).
Create a DAO, that is *not* token-based. Instead, the inspiration should be Protocol Guild: there are N members, and they can (anonymously) vote new members in and out. If N gets above ~200, consider auto-splitting it.
Importantly, do _not_ try to make the DAO universal or even industry-wide. Instead, embrace the opinionatedness. Be okay with having a dominant type of content (long-form writing, music, short-form video, long-form video, fiction, educational...), and be okay with having a dominant style (eg. country or region of origin, political viewpoint, if within crypto which projects you're most friendly to...). Hand-pick the initial membership set, in order to maximize its alignment with the desired style.
The goal is to have a group that is larger than one creator and can accumulate a public brand and collectively bargain to seek revenue opportunities, but at the same time small enough that internal governance is tractable.
Now, here is where the tokens come in. In general, one of my hypotheses this decade is that a large portion of effective governance mechanisms will all have the form factor of "large number of people and bots participating in a prediction market, with the output oracle being a diverse set of people optimized for mission alignment and capture resistance". In this case, what we do is: anyone can become a creator and create a creator coin, and then, if they get admitted to a creator DAO, a portion of their proceeds from the DAO are used to burn their creator coins.
This way, the token speculators are NOT participating in a recursive-speculation attention game backed only by itself. Instead, they are specifically being predictors of what new creators the high-value creator DAOs will be willing to accept. At the same time, they also provide a valuable service to the creator DAOs: they are helping surface promising creators for the DAOs to choose from.
So the ultimate decider of who rises and falls is not speculators, but high-value content creators (we make the assumption that good creators are also good judges of quality, which seems often true). Individual speculators can stay in the game and thrive to the extent that they do a good job of predicting the creator DAOs' actions.
English
AI Driven DAOs on @SnapshotLabs ready to use and embed for spaces like @aave @CoWSwap @ensdomains or any EVM DAO
📖 Read / TLDR / ELI5 proposals in any language
🗳️ Vote
Personally built by me, fun to get your hands dirty every now and then.
@balancer example in the video.
English
The vision of DAOs is hard to ignore. Global organizations united by shared bank accounts and tokenized ownership. No borders. No limits.
Just communities owning, building, and thriving together.
English
What’s the legal consequences if we allow anyone to create a new agent in 1 click that is a DAO creator and has an investment goal clearly stated, manages votes and maintains democracy, executes based on pre determined parameters that can be changed by the DAO and grows with it.
English
What projects would you like to see featured on @bankless?
English
English
Gm @EthCC 👋 drop by the Aragon booth, say hi to the team, learn about our new tech stack, and grab some swag 😎 @0xPaella @TheTakenUser @A_Leutenegger @ctzofinfinity
English
This week is @EthCC! We can’t wait to meet you in Paris.
Find our talks, workshops, and more below 👇🧵
English
2022 was our best year ever at 1confirmation:
-Distributed $100M+ to LPs
- Made 15 new investments
- Made 2 new hires
- Launched NFT fund
- $1M+ in ETH staking rewards
- Helped expose FTX fraud
We’ve got $125M+ of dry powder this year, let’s see if we can make ‘23 better
English
English
