When discussing Web3, we inevitably encounter DAO - Decentralized Autonomous Organizations. DAOs represent a revolutionary shift in organizational structure, eliminating centralized leadership while enabling members to collaborate toward shared visions through voluntary contributions of labor and resources.
Understanding DAO Fundamentals
At its core, a DAO operates on principles of absolute individual freedom:
- No hierarchical relationships exist - each participant remains independent
- Members only follow established DAO rules to secure their rights
- Contributions and rewards are self-determined based on personal commitment
- Participation stems from genuine belief in the organization's mission
As a nascent concept emerging just a few years ago, DAOs currently exist in various exploratory phases. Their long-term potential depends entirely on our collective understanding, experimentation, and practical implementation.
👉 Discover how DAOs are reshaping organizational structures
1783DAO's Pioneering Salon
To foster broader DAO understanding, 1783DAO organized a specialized offline salon on August 13th, focusing on value creation through DAOs in the Web3 era. The event featured industry veterans with extensive Web3 experience, including two 1783DAO builders sharing practical insights.
Key Speaker Highlights
1. Amy - Web3 Investor & DAO Researcher (New York)
Via video conference, Amy shared her Web3 perspective:
- Discovered blockchain through academic studies and Hayek's works
- Maintains optimistic outlook despite current market immaturity
- Views NFT hype as reminiscent of early cryptocurrency speculation
- Believes impactful applications will emerge with time
2. Wang Hui - 1783DAO Core Builder & Blockchain Media Founder
Presented practical insights from 1783DAO's operations:
- DAOs may partially replace traditional corporate structures
- Contrasted corporate limitations with DAO's volunteer-driven potential
Identified current DAO challenges:
- Early-stage development
- Sustainability issues
- Implementation gaps
- Incentive deficiencies
- Centralization tendencies
- Token speculation focus
Shared 1783DAO's evolution from concept to practice, including:
- Symbolic "1783" origin from mountain-climbing entrepreneurs
- Five successful offline events impacting thousands
- NFT applications in liquor and cultural tourism sectors
- Developing reward systems with 20+ current builders
3. Jisi Ge - Blockchain Veteran & DAO Standardization Expert
Outlined Web3 onboarding essentials:
- Obtain a digital wallet (Web3 identity)
- Acquire an NFT (understanding value representation)
- Join a DAO (demonstrating Web3 commitment)
Proposed four DAO standards:
- On-chain resolutions via smart contracts
- Transparent incentive designs
- Layered governance structures
- Regulatory compliance measures
4. Lao Yuan - Web3 Practitioner & DAO Idealist
Classified DAO types:
- Learning-focused
- Interest-based
- Social-driven
- Business-oriented
Identified three critical DAO challenges:
- Treasury management (economic foundation)
- Incentive mechanisms (talent attraction)
- Governance systems (long-term sustainability)
Advocated for:
- Practical implementation over idealism
- Gradual decentralization
- Sustainable consensus building
- Economic system development
Frequently Asked Questions
What distinguishes DAOs from traditional organizations?
DAOs eliminate hierarchical structures, enabling voluntary participation based on shared beliefs rather than employment obligations. All operations follow transparent, coded rules rather than centralized decision-making.
How do DAO members benefit from participation?
Benefits correlate directly with individual contributions. Unlike traditional employment with fixed compensation, DAO rewards reflect each member's actual value addition to collective goals.
What prevents DAOs from becoming centralized?
Proper DAOs implement governance mechanisms like token-based voting, smart contract automation, and decentralized task allocation to maintain distributed authority. However, some temporary centralization may occur during early phases.
The DAO Journey Ahead
As Wang Guozhen poetically wrote: "Having chosen the distant horizon, we must journey through wind and rain." Our DAO exploration represents a courageous experiment in organizational innovation - one that promises transformative potential despite its challenges.