To DAO, or Not to DAO?

That's the question...here's the answer.

Author

Netcetera Newsletter
June 24, 2023

Whoever you are, whatever your vocations and avocations, I think you’ll agree that it’s important to take time to reflect. Doubly so in this wild web3 world, which even in the bear market moves at such tremendous speed that it’s far too easy to forget to stop and just… think.

That’s precisely what (Myosin.xyz Co-Founder) Blake does in the latest piece to be published on our website. Just one week after Sam’s deep dive into the Myosin DAO, the Content Guild presents reflections on building that DAO from one of its founders. We decided to break this one into two parts so that you yourself can take more time to ruminate on these insights.

As the seasons change (Happy Solstice!), I hope we all get ample time to look back on a year already half gone and to look ahead to what 2023 has left in store. Blake is one of the first people I think of when I see the common web3 adage “Touch grass” so, in that spirit, enjoy Part 1 then get out there and enjoy the first weekend of summer!

Rowan Spencer | Editor-in-Chief

To DAO, or Not to DAO?

Myosin Co-Founder, Blake Minho Kim, has just hit us with a doozy of a thought piece, where he walks us through when/where/how DAOs work. And it’s just Part 1!

A newsletter summary isn’t going to do it justice, so we encourage you to click the ‘LEARN MORE’ button below and immerse yourself.

But for now, how about a teaser? Here are our four biggest takeaways after reading:

  1. Not every community needs to be a DAO.
    Before going down the DAO path, ask yourself:
    “Should this community really be a DAO?”
    And perhaps most importantly, ask yourself if you’re prepared to actually commit many many months and years to building a community AND a company, instead of just a company.

  2. DAOs are (nearly) headless.
    DAOs are often seen as headless, which works in some situations. But very rarely does any effective DAO launch as a “headless” organization.
    Ultimately, people still need leadership, structure, hierarchy, and organization. However, with a DAO, the org chart can be much flatter, flexible, and transparent, when done well.

  3. You need to do things that don’t scale, in order to scale.
    In the earliest days, you will have to do things that don’t scale, to even get to scale.
    Use your time to conduct lots of manual, heavy lifting and direct outreach. Don’t outsource the hard work.
    This way you’ll not only have a better understanding of your business, but you’ll also be able to teach new hires efficiently and effectively.

  4. That said, build scalable systems for the long term.
    Just because you’re hustling and building in the earliest stages, doesn’t mean you shouldn’t be thinking for the long term.
    Leveraging simple and powerful existing tools, mostly in Web 2, can help you move quicker, stay organized, and make sure your work doesn’t all fall apart if and when you do scale.

As we said at the top, this summary doesn’t do it justice - click the ‘LEARN MORE’ button below and immerse yourself!

Pssst... Are you a Myosin member?

This week was an insane one, but we made it through the other side with some awesome deals, events, promising new members, and future initiatives.

We are now moving our Members Only Newsletter to Charmverse, which requires 100 $MYO to access.

Click below to catch up on what we did this week, and what's coming up!

Quick Bites

That's it. That's all we got! Talk next week.
The W3G Weekly team 👋

How'd We Do?

Forwarded this? ​Sign up here!​

Want to advertise with us? Get in touch: [email protected]