DAOSaka: The facts and figures – KnownOrigin
From funding the DAO, to commissioning the art, selling the digital assets, and returning a shareholder profit! 😍
After Berlin Blockchain week we had seen the power of community through DAOs (Decentralised Autonomous Organisations) with the MetaCartel demo day and DAO. Read more about their efforts to promote dApps here.
After we got back to Manchester and arranged a call with Peter ‘pet3rpan’ to discuss an experiment. Most DAOs act more like a funding charity (money in, grants out) but we wanted to try and run a DAICO to coincide with DevCon V in Osaka that would attempt to turn a profit for the share-holders by selling tokens (in this case digital art assets).
Digital assets that are great example of creativity creating value through tokenisation. KnownOrigin’s platform had the tooling and artists community to test this idea out.
We forked and deployed Moloch DAO, the standard lightweight proven DAO right now, and let the world know we were open for business:
Published at Thu, 07 Nov 2019 10:23:56 +0000