Decentralized Autonomous Organization In Blockchain Training Ppt

Slide 1

This slide highlights the concept of decentralized autonomous organization. It explains the use of smart contract in making rules for DAO and it is a transparent process that members of the organization control. 

Slide 2

This slide highlights different types of Decentralized Autonomous Organization such as automated Market Maker DAOs, grant DAOs, social DAOs, collector DAOs, venture DAOs, and entertainment DAOs.

Instructor’s Notes:

The multiple types of DAOs’ are as follows:

Automated Market Maker:

• Automated Market Maker (AMM) uses smart contracts to provide decentralized financial services to its users
• Maker DAO is one of the most successful and innovative apps on Ethereum
• Maker helped their users to actively take part in the global financial system

Grant DAOs:

• The earliest use case of DAO is Grants
• The community donates funds and receives tokens in return
• The doners collectively vote on the allocation and distribution of funds
• The purpose of using DAO is to fund innovative DeFi projects and other organizations submitting applications for a research grant
• The development of grant-based DAOs are practical examples that shows that decentralized communities are more flexible in funding distribution than traditional institutions
• Aave protocol is a well-known DAOs using grant infrastructure to nurture and build a community of DeFi projects

Social DAOs:

• This form of DAO community is built to focus on particular objectives such as preserving arts and culture
• It helps to unify artists and cultural thinkers with a shared set of values and incentives, allowing them to connect and collaborate

Collector DAOs:

• In collector DAOs’, pleasr DAOs helps to acquire cultural collectables for its community
• It also distributes the ownership of various high-ticket digital assets equally among all the members of the community
• It also falls under the category of investment DAOs

Venture DAOs:

• Venture DAOs, also known as investment DAOs, are transparent, inclusive and often open to anyone anywhere
• Many traditional investment firms are elitist and non-inclusive
• DAO removes all the barriers and lets the regular people invest in extraordinary projects
• When thousands of people invest in this type of DAO, it becomes possible to invest in projects that were earlier reserved for the upper echelon of traditional investors

Entertainment DAOs:

• Entertainment DAOs creates an outlet for the artists within us
• It can bring creative minds from around the world to come together to make exciting and creative projects

Slide 3

This slide illustrates the working of a Decentralized Autonomous Organization. It explains that smart contracts are used to establish DAO. We also showcase that raising funds and bestowing governance rights are major challenges in DAO.