Mirror, DAOs, and the Exclusivity Problem - Decrypt

Unlike traditional, web2 crowdfund platforms, Mirror’s crypto-native crowdfunding gives the tool a disruptive edge. With the application of tokens and NFTs, backers have automatic and permanent stakes in the success of a project. The result is a unique cross between starting an online community and an internet-native company, all in real time and w... See more

The limited representation of DAO membership is problematic because important decisions about DAO governance, equity and operations can only take single-dimension token ownership as input, or else rely on manual human assessment.

DAOs – decentralized autonomous organizations – are an essential tool in achieving the self-empowering benefits of web3, including more equitable ownership among stakeholders, reduced censorship and greater diversity.

The revolutionary technology that makes DAOs so forward-thinking is that these functions are digitized and on the blockchain so that everyone in the community sees what decisions were made in one central source of truth, the public ledger.