[TL; DR]
1. As Web 3.0 and the metaverse were becoming hotspots, Decentralized Autonomous organizations also achieved explosive growth last year.2. As a new organizational governance model, DAO can be said to be an upgraded version of modern companies. Compared with traditional organizations, DAOs are more transparent and have rather flat management.
3. Bankless DAO, with BANK as the official governance token, was launched by the encrypted media Bankless on May 5, 2021.
4. In terms of participation experience, DAOs are often more like ordinary Internet communities such as forums. This is exactly the case with Bankless DAO, which mainly carries out activities on the platform Discord.
5. In the form, Bankless DAO is a discussion board with a token incentive mechanism, where a large group of enthusiasts with the same goals gather to brainstorm, propose new ideas, and carry out various tasks.
As Web 3.0 and the metaverse were becoming hotspots, DAO, the Decentralized Autonomous Organization, also achieved explosive growth last year. In 2021, the total number of DAO participants, according to data from DeepDAO.io, grew from about 13,000 to over 1.6 million, an increase of 130 times; the total DAO assets also increased from $400 million to $16 billion, an increase of 40 times.
Bankless DAO is a typical representative in a series of DAOs with different goals and different organizational structures. In just over 7 months since its establishment, Bankless DAO has morphed into an excellent case of community cooperation in the crypto space. Bankless DAO can be used to answer questions such as "what is a DAO" and "why it is DAO".
For more information on the specific analysis process, please read this blog:DAO’s Are Closer Than You Think: About Blankless Dao
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March 3rd
