Different Types of D.A.O.

As the world of blockchains and crypto continues to mature, launching decentralized autonomous organisations (DAOs) are becoming popular options for managing digital-native collectives. Let us take a look around the types of DAO today 🚀 

1) Protocol DAO

A protocol DAO is a kind of DAO that is designed to govern a decentralized protocol such as a borrow/lending application, decentralized exchange, or another type of dapp. Three of the most notable protocol DAO examples are MakerDAO, Uniswap, and Yearn Finance.

2) Grant DAO

Grant DAOs are are designed to facilitate nonprofit donations, strategically deploy capital assets throughout the web3 ecosystem, and are either a charitable extension of a larger project or an entirely separate entity in the DeFi space. 

Aave Grants DAO is a community-led program to fund ideas and projects that power the development of Aave Protocol, focusing on supporting a more comprehensive network of community developers.

3) Social DAO

Social DAOs, or creator DAOs, are focused on the self-organizing community aspect of DAOs by bringing together like-minded individuals such as builders, artists, and creatives.

Friends With Benefits, is a web3 creator DAO focused on building community and fostering creativity. Access to Friends With Benefits is 75 $FWB tokens, and once admitted, members have full access to connect with builders, artists, creatives, and attend exclusive events.

4) Media DAO

In contrast to a top-down approach where content is produced with a central agenda or influenced by advertisers, Media DAOs reinvent traditional media platforms by creating content driven by the community.

BanklessDAO is a decentralized community to coordinate and propagate bankless media, culture, and education. Its goal is to drive the adoption of a truly bankless money system. 

5) Collector DAO

The main purpose of Collector DAOs is for members to pool funds together so that the collective community can invest treasury funds in blue chip NFT art and other collectibles, where each member owns a share corresponding to their personal investment.

Another group of collectors formed ConstitutionDAO in an attempt to buy the United States Constitution. Remarkably, ConstitutionDAO raised $47 million worth of ETH in one week to try to buy a first-edition copy of the U.S. Constitution at a Sotheby's auction.

That's it for the day geeks, web3shala signing off ✌🏻

To the moon 🚀Keep Learning 🙏🏻