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100X.VC Team
Written by various collaborators within Team 100X.VC
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Jan 24, 2023
Topic

Introduction

In November of 2021 a group of random people came together on the internet to form a legal entity in a bid to purchase an original copy of the US Constitution. ConstitutionDAO collectively raised around $47million in Ether Cryptocurrency and successfully participated in the Sotheby’s Auction. Elsewhere in 2022, UkraineDAO raised around $7million as donations to aid Ukraine in their defence against Russia. But how are people coming together for a common cause, establishing consensus and executing their goal collectively over the internet and without any central authority overseeing it?- the answer is simple -DAOs, the technology, however, is anything but. 

What are DAOs?

DAO, part of the WEB3.0 space, is an acronym for Decentralised Autonomous Organization, is a new type of digital-first entity that shares similarities with a traditional company structure but has some additional features, such as the automatic enforcement of operating rules via smart contracts . DAOs operate as collectives in which members make decisions democratically on the blockchain. No single person exerts control in the way a conventional CEO or senior management team would.

According to DeepDao.io, there are around 10000+ active DAOs and 500+ protocols. The use cases include making investments, governing DeFi protocols,  establishing new kinds of communities, funding research, engaging in philanthropy to name a few and are growing at an incredible pace.

But, the user journey currently is extremely cumbersome. There are different platforms to navigate all the aspects of a DAO like discovery, listing, governance, voting etc. 

DAOstruct is an end-to-end DAO discovery, investment, governance, and research platform. Their mission is to fuel mass adoption of DAOs and build systems & frameworks that power the next wave of DAO development.

 DAOstruct wants to simplify the DAO Journey . 

If you’re a newbie trying to wade into DAO waters- DAOstruct can help you enter and understand the world of DAOs. The DAO Knowledge Hub offers 100% original, carefully  curated, entirely free, byte sized content whether it’s blogs,DAO founder interviews, podcasts -content that will make you a DAO expert in no time. 

Further, DAOQuest, an interactive tool, uses proprietary algorithms to help you discover the right DAO for you. It checks your risk appetite and suggests relative DAOs for investment . It enables you to determine your investing ambitions when it comes to DAOs and facilitates the investments in the DAOs of your choice and manage them with ease. DAOstruct also equips itself with predefined investment buckets that make it easier for you to figure out how much of a risk taker you are and which DAO would be best suited for your investment needs.

DAOstruct also offers an all-encompassing DAO discovery dashboard with easy filtering options on the basis of chains, treasuries, purpose, etc. that would give you a range of DAOs around the world. 

For the seasoned WEB3.0 nerd, you can deep dive into any DAO that you want and learn about their roadmaps, their communities, their historical voting proposals, treasuries, etc to make an informed decision. 

Moreover, All governance management tools that are necessary for a DAO to function such as proposal sharing, voting mechanisms, etc. are facilitated by DAOstruct and you can choose to do all of this through the platform itself. 

Market Opportunity

As tracked by DeepDao.io there are 10.8k+ DAOs and 500+ protocols. Total Market capitalization of all DAO Tokens is $21Bn and the AUM of these DAOs is around $10Bn as on 12 January 2023. Currently, there are around 5.3Mn governance token holders. 

Over the next couple of years,  the DAO market is predicted to grow multifold to $2Tn by 2030.

In 2023, 75 DAOs have been created on daily basis, web 2 communities are looking at web 3 to convert their communities into DAOs

100X Thesis

With the advent of DAOs becoming ever so relevant, DAOstruct is addressing the biggest questions by users - how does one discover DAOs? DAOstruct’s marketplace model to discover them addresses a growing community which have been lurking on discord channels to participate and become members of DAOs. The team with their single platform approach are creating a unique proposition. 100X is excited to see the platform scale in the coming months.

Conclusion

 

2023 has been dubbed as the ‘Year of the DAO’. DAOstruct is an innovative platform that simplifies the process of creating and participating in DAOs, a revolutionary technology that allows individuals and communities to come together and achieve common goals without a central authority. With a growing market for DAOs and a predicted growth to $2Tn by 2030, DAOstruct with its unique offerings is poised to be a game changer in the industry. The team behind DAOstruct is well-equipped and has the potential to make their vision successful.


 

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