What DAOs Can Do: Social Movement or Recreational Facility? Reconsidering 2021

<p>Is 2022 going to be the year of DAOs? 2021 was unquestionably an explosive start.</p> <p>The explosive and disruptive innovations associated with blockchain appear to stem from a shared ontological hunger: that deeper aspect of the human being that yearns to fill in the void that separates us from other animal species.</p> <p>Spoiler alert: the void is unfillable.</p> <p>However, attempting to do something with it – creating, innovating, going against the system, etc. – is what keeps us moving, conscious, and alive. The alternative is to devolve into mindless zombies that do exactly what they are told.</p> <p>What You Should Know About Decentralised Autonomous Organisations</p> <p>Thus, Daos. Smart contracts, decentralisation, and collectively devising an alternative to traditional structures: three powerful men at the top and thousands of workers unable to participate in major decisions affecting the environment to which they devote their lives. Essentially, the majority of corporations.</p> <p>Web3, DeFi, the metaverse, NFTs, and DAOs all flourished in 2021. It has all begun to gain mainstream acceptance. It's growing in size and popularity, and it's becoming ubiquitous. However, there is so much happening so quickly that the larger picture of these innovations is not yet defined.</p> <p>Nonetheless, it's critical to approach the urge that underpins everything that's exploding around us, as it's almost certain to become ingrained in everyone's life.</p> <p>Therefore, what are DAOs? Correct, but that didn't tell you much.</p> <p>"They represent a sea change in the way humans coordinate," Spencer Graham, DaoHaus' project lead, explained. He believes that many future businesses and organisations will be structured as DAOs.</p> <p>Additionally, he noted that the word "decentralised" is probably the most critical one in there. Nowadays, the majority of these groups are focused on distributing an organisation's power among its members in order to make decisions and changes: there is no one man in charge.