DeSciWorldDAO

What is a DAO?

DAO (Decentralised Autonomous Organisation) is a loosely defined term. Below are examples:

"DAOs are an effective and safe way to work with like-minded folks around the globe." - Ethereum

"The DAO was an organization that was designed to be automated and decentralized. It acted as a form of venture capital fund, based on open-source code and without a typical management structure or board of directors." - Investopedia

Simply put, a DAO is a decentralised organisation that utilises automated technologies such as the blockchain to remove requirements of trust in the individual and to empower the collective. DAOs are on the cutting edge of organisational and operational culture. A refreshing, highly-functional and democratic tool of collaboration such as DAOs will connect and propel us towards a brighter future.

DeSciWorldDAO's role

DeSciWorldDAO is principally an organisation dedicated to advancing the DeSci culture through engagement with DeSciWorld's ecosystem and goals. Goals include:

• Hire community staff and growth experts

• Support retainers for selected On-Demand researchers

• Improve overall UX and develop aesthetic for the space

• Grow community, ecosystem and culture

• Engage with other Ethereum and DeSci ecosystem projects

While it is possible DeSciWorldDAO will support proposed research grants in the community, our primary role is to foster peer-to-peer interactions and the community infrastructure that will allow DeSci to flourish.

DAO-based technologies are constantly evolving and we aim to keep DeSciWorldDAO at the forefront of this innovation through collaboration. Implementing DAO solutions such as on-chain voting, multi-signature treasuries, reputation-based profiles and DeFi treasury management can help DeSciWorldDAO to become a trusted and self-sustaining entity.

Members

DAOs, despite their astronomic progress and potential, are still in an experimental phase. Decentralisation is a guiding ethos and eventual goal but in the beginning, some centralised decision-making is required in order to carry a project out of its infancy. In the earliest moments of a project, getting bogged down with democratic community voting can hamper meaningful progress.

To begin with DeSciWorldDAO consists of the original team of DeSciWorld only. They will control the DeSciWorldDAO multi-signature Gnosis Safe during the primary launch phase.

Whilst the culture of DeSci develops, so too will its community members. Applications to the DeSciWorldDAO are not defined by a form. Contributions, passion and impact are just as important as qualifications in this space and we want to encourage everyone to join the community. As the project progresses, the DAO membership list will swell.

Governance of a DAO is non-uniform; we are charting new territory. Open, honest and transparent operations is the name of the game at DeSciWorld and we accept any feedback or suggestions put to us.

Funding

Altruism

Despite headlines of Twitter celebrities and their trading activity, the real influencers are those that have dedicated their lives to studying, working in and growing the blockchain ecosystems to where they are today. A striking hallmark of the cryptocurrency industry is the desire to give back to and grow the ecosystem; grants, donations, bounties and rewards are issuesd on a daily basis to highly-deserving recipients. Notable examples are Ethereum Foundation, Gitcoin and Giveth.io.

There is a new wealth class being created through this ecosystem, akin to the dotcom boom in the 90s. DeSciWorldDAO will provide a valid, decentralised outlet that can create genuine change in a time of stagnation. While it is unwise to paint the space with a single brush, it is safe to assume that many in this space have a deep interest in decentralising the sclerotic institutions of our societies.

Further, we are more interested in creating the infrastructure that allows altriustic research funding to occur, than funding the research ourselves.

Token

DeSciWorldDAO will not issue a token or equity share opportunity in the foreseeable future. Tokenising equity of DeSciWorldDAO fundamentally disagrees with our vision to help decentralise science; beholden to investors we cannot achieve much.

NFT Fundraise

To have an impact we must of course secure initial funding to support our project. Due to our goal to remain decentralised, we decided to launch an NFT called "Microbes".

pageMicrobes NFT

The NFT-as-fundraiser concept is fairly novel and we believe it provides the correct incentives to attract an investor type that DeSciWorldDAO wants in the ecosystem. Flexible utility and aesthetic interest are a better way to recognise altruistic Early Adopters than equity, we think.

Treasury Management

As we grow through a variety of mechanisms, so too will our treasury. At DeSciWorldDAO we have PhD researchers, artists, but also DeFi guys. Treasury management techniques are hot on the lips of everyone in DeFi right now and we are not immune to that. More info to come on this soon.

The DeSciWorld Gnosis Safe treasury can be found here: 0x1B26a6c61e3FacE8504403FdA402A84f79674158