Decentralized Autonomous Organization In Blockchain Training Ppt
This set of slides in depth covers the DAO,which is an organization that runs on rules encoded by using a smart contract as a computer program. It also includes the details of different types of DAOs Automated Market Maker,Grant,Social,Collector,Venture,and Entertainment DAOs. It also contains the functioning of a Decentralized Autonomous Organization DAO.
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Content of this Powerpoint Presentation
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.
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