The 8 Most Important Types of DAO

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Decentralized autonomous organisations (DAOs) are increasingly being used to manage digital-native collectives. The first Decentralized Autonomous Organization, “The DAO,” was built with smart contracts, an open-source framework, and a focus on venture capitalism. Types of DAOs Protocol DAOs A protocol DAO is a type of DAO that is intended to govern a decentralised protocol, such […]

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Decentralized autonomous organisations (DAOs) are increasingly being used to manage digital-native collectives. The first Decentralized Autonomous Organization, “The DAO,” was built with smart contracts, an open-source framework, and a focus on venture capitalism.

Types of DAOs

  • Protocol DAOs
  • Grant DAOs
  • Philanthropy DAOs
  • Social DAOs
  • Collector DAOs
  • Venture DAOs
  • Media DAOs
  • SubDAOs

Protocol DAOs

A protocol DAO is a type of DAO that is intended to govern a decentralised protocol, such as a borrow/lending application, decentralised exchange, or other type of Dapp.

Examples of Protocol DAO – MakerDAO, Uniswap, and Yearn Finance

Grant DAOs

Grant DAOs is supported through a community-led programme that provides funding for ideas and initiatives while emphasising on fostering a larger network of community developers.

Examples of Grant DAO – Aave Grants DAO, MetaCartel

Philanthropy DAOs

Philanthropy DAOs seek to advance social responsibility by organising around a common goal to make an impact in the world of Web3.

Examples of Philanthropy DAO: Big Green DAO, Ukraine DAO

Social DAOs

Social DAOs emphasise the DAOs’ self-organizing community aspect by bringing together like-minded individuals such as builders, artists, and creatives.

Examples of Social DAO: Developer DAO, Friends with Benefits

Collector DAOs

Collector DAOs allow members to pool funds and the collective community to invest treasury funds in blue chip NFT art and other collectibles. Each member has a share equal to their personal investment.

Example of Collector DAO: FlamingoDAO, ConstitutionDAO

Investment and Venture DAOs

Venture DAOs invest in early-stage web3 start-ups, protocols, and off-chain investments, as well as gain access to portfolios not available through traditional finance.

Examples of Investment and Venture DAO: Krause House DAO, MetaCartel Ventures, BessemerDAO

Media DAO

Media DAOs reimagine traditional media platforms by creating community-driven content.

Examples of Media DAO: BanklessDAO, Decrypt

SubDAO

SubDAOs are groups of DAO members who work together to manage specific functions such as operations, partnerships, marketing, treasury, and grants.

Examples of Media DAO: Balancer Protocol

To conclude, organizations need to keep up with the latest trends as it affects how community participants connect with them and how they engage with them.