DAO stands for: Decentralized Autonomous Organization
Governance structure is not a one size fits all practice, a DAO governance protocol is everything. There is always an input, “What am I providing the collective?” and an output, “What am I receiving from the collective?”
Below are popular DAO business strategies with some examples… nothing below is a recommendation, simply resources to help you learn about this space.
“Standalone platforms that organizations can use to create DAOs are called operating systems.”
“Also called Venture DAOs, they allow capital pooling to democratize investing for various DeFi operations.”
“The community contributes monies to the grant pool and votes on funds allocation and distribution decisions in a Grant DAO.”
“Artists who use nonfungible tokens (NFTs) to create art rely upon collector DAOs to establish ownership of their art.”
“When tokens serve as a voting metric for implementing any changes in the protocol, such a governance structure represents protocol DAOs.”
“Projects that offer individuals and agencies a provision of talent hunting and supports acquisition models.”
“Media DAOs allow product owners of content (i.e., readers) to contribute directly without involving advertisers for the native token as a reward in return for their contributions.”
“Collaboration platforms for social networking in the crypto space.”