Good morning fellow DAOists,
Here’s what you missed in DAO news this week.
KPI Sub-DAO Structure
Idea: Growing horizontally via more sub-DAOs rather than growing vertically through working groups
NFT volume, DAOs and the curious case of LooksRare
An NFT marketplace called LooksRare shot up on the charts, quickly surpassing OpenSea’s results and taking the top slot among its competitors in volume terms.
How DAOs could change the fashion industry
Megan Kaspar is a member of Red DAO, a decentralized autonomous organization that focuses on digital fashion purchases. Last year, the group became the most well-known DAO after purchasing many of the items from the Dolce & Gabbana NFT launch.
An IG Model Launched a DAO to Build Web3 Social Media
A new DAO called IreneDAO is causing a storm in the crypto world after launching Friday. The DAO is dedicated to Irene Zhao, a 28-year-old Instagram model, influencer, and cryptocurrency enthusiast who recently left her job as a commodity broker to pursue a career into the crypto industry. IreneDAO started out as a sticker collection featuring an assortment of photos of Zhao in various poses. The stickers were then tokenized into 1,107 NFTs, described as an access pass to the DAO’s “Genesis Tribe,” and distributed with a free mint. They’re already trading at 1.25 Ethereum on OpenSea, around $4,125 at press time.
Deep Dive DAO Reading
Capital contributors can retain custody of capital until it's actually deployed via DAO, triggering conversion of capital to project token. Team tokens only conditionally released upon capital deployment.
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See you next week!
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