The state of music DAOs - Water & Music

Any owners of the genesis Song A Day NFTs can access the DAO’s private Discord server and participate in non-binding Snapshot votes but need to verify their identity with Bright ID to gain on-chain voting power concerning directing treasury funds. Another way to become a core contributor to the DAO is to participate as a “builder” and help grow the... See more

LACK OF TECHNOLOGY

The main takeaway: If you decide an artist or team is talented and inspiring, you should empower them to make their art — and don’t take control away. This focus on empowerment differs both from the traditional label model of top-down commercialization in creative processes (e.g. writing songs “fit” for Spotify playlists) and from the trustless gov... See more

For instance, Jonathan Mann’s SongADAO has multiple membership levels in their overarching community, with a clear delineation between passive financial supporters and active DAO contributors.

The emphasis of decentralized power across music DAOs leans towards higher-level decisions around treasury allocation and artist support but rarely touches creative choices.

HORIZONTAL, MULTIMODAL MEMBERSHIP DESIGN

DIRECTIONS FOR FUTURE RESEARCH

When asked about treasury management tools, only a small handful of our respondents mentioned using Gnosis Safe multisig wallets, which allow DAOs to support treasury security by requiring multiple signers for treasury transactions and are common amongst investment DAOs. Only two DAOs in our study have used Snapshot to carry out community votes eff... See more