It’s free, every week, in your inbox.
This resulted in a considerable waste of capacity each month.
However, I was by all accounts observing from the sidelines.
The next question was obvious: how can I get involved?
As a data scientist, I had the analytical chops to contribute, yet I was being left behind.
The crypto space generated its own solution to this question.
Passion becomes employment, which becomes financial sustenance.
What is a DAO?
A DAO, or Decentralized Autonomous Organization, is a community-led entity with no central authority.
Familiar hierarchical structures seen within large corporations give way to community collaboration under this framework.
Each individual member of the DAO oversees the protocol at some level.
Part of the elegance of this framework is the alignment of incentives.
So as the protocol succeeds, so do the token holders.
How does a DAO work?
These smart contracts lay out the foundational framework by which the DAO is to operate.
In return for their fiat, token holders are given certain voting rights, usually proportional to their holdings.
Once funding is completed, the DAO is ready for deployment.
This approach presents novel opportunities for individuals to leverage the power of a collective pool of assets.
One of the key takeaways here is the transparency within a DAO.
The water is just fine.
Find a project that aligns with your passion, find their Discord, and drop into the conversation.
Learn how to use a Web3 wallet like MetaMask and vote using Snapshot.
Contribute analysis, writing, and art to the community.
And share your personal journey with me and the rest of the community.
