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What are DAOs? The Future of Business - THE NEW NORMAL EP. 14
Across the Crypto Space, DAOs are popping up left and right. Not only that, on July 1st, 2021, in the United States, The State of Wyoming made it legal to create a DAO. So What are DAOs and why is this the future of business? Well you're about to find out.
MacNCheeasy and Jesse Friedland break down this crypto topic so anyone can understand in THIS WEEKS episode of The New Normal.
NEW EPISODES EVERY TUESDAY.
Want more Crypto Content?
Join The Incubator Discord: https://discord.gg/esTPa2aa65
Subscribe to The Incubator Youtube: https://www.youtube.com/channel/UCFeFVytEkT8kaqPCJZGFswg
Timestamps:
00:00 - Intro
01:55 - What does the term DAO mean?
03:00 - How did businesses previously operate?
06:44 - What makes a DAO more capable for running a business online?
08:20 - What stops someone from imploding the DAO?
11:30 - How do DAOs coordinate decision making?
15:46 - Decisions are no longer behind closed doors
17:15 - What are some of the benefits of being in a DAO?
20:57 - What are the limitations of how far DAOs can stretch?
25:05 - What are some of the steps to form a DAO?
28:25 - What are some other DAOs out there?
31:57 - Closing thoughts
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By The Incubator
5
2828 ratings
Across the Crypto Space, DAOs are popping up left and right. Not only that, on July 1st, 2021, in the United States, The State of Wyoming made it legal to create a DAO. So What are DAOs and why is this the future of business? Well you're about to find out.
MacNCheeasy and Jesse Friedland break down this crypto topic so anyone can understand in THIS WEEKS episode of The New Normal.
NEW EPISODES EVERY TUESDAY.
Want more Crypto Content?
Join The Incubator Discord: https://discord.gg/esTPa2aa65
Subscribe to The Incubator Youtube: https://www.youtube.com/channel/UCFeFVytEkT8kaqPCJZGFswg
Timestamps:
00:00 - Intro
01:55 - What does the term DAO mean?
03:00 - How did businesses previously operate?
06:44 - What makes a DAO more capable for running a business online?
08:20 - What stops someone from imploding the DAO?
11:30 - How do DAOs coordinate decision making?
15:46 - Decisions are no longer behind closed doors
17:15 - What are some of the benefits of being in a DAO?
20:57 - What are the limitations of how far DAOs can stretch?
25:05 - What are some of the steps to form a DAO?
28:25 - What are some other DAOs out there?
31:57 - Closing thoughts