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Intro to DAOs

A decentralized autonomous organization (DAO) is a coordination system for creators and businesses in the digital age. Unlike the traditional corporation, a DAO is governed by its members using rules that are encoded into computer programs and transparent on a blockchain ledger.
The members of a DAO commonly have shared ownership in the “company” via token ownership and will often use tokens to vote on the direction the protocol and community takes. DAOs that have higher levels of decentralization enable anyone to become a member.
Wilder World is a DAO that brings together an Artist Guild to build an immersive 3D Universe powered entirely by NFTs in collaboration with Zero.Space. Wilder World enables multi-leveled, photorealistic and mixed reality worlds where Wilders roam freely, acquire virtual land and express themselves through unique avatars, decorative assets and fashionable accessories. Wilder World is fully owned and governed by its community — creators, players and fans alike are enabled to participate via the Wilder DAO on the Ethereum blockchain.
  • They’re an organizational structure involving a cyber network of participants, or members, with a common goal.
  • DAOs employ a tokenized economy, using cryptographic tokens for governance, incentivization, reserve allocations, crowdfunding, etc.
  • The DAO essentially is a set of rules that is coded to automate and manage business operations.
  • Incentives, often appearing in the form of tokens, are aligned. Tokens are used to encourage people to promote that platform, signify a vote on an improvement proposal, and other actions that serve both the members and the DAO itself.
  • Rules may be enforced through automated consensus mechanisms that do not require human involvement.
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