{"id":7493,"date":"2023-05-23T17:30:18","date_gmt":"2023-05-23T17:30:18","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/05\/23\/5-types-of-dao-tools-you-should-know-about-nft-news-today-2\/"},"modified":"2023-05-23T17:30:18","modified_gmt":"2023-05-23T17:30:18","slug":"5-types-of-dao-tools-you-should-know-about-nft-news-today-2","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/05\/23\/5-types-of-dao-tools-you-should-know-about-nft-news-today-2\/","title":{"rendered":"5 Types of DAO Tools You Should Know About &#8211; NFT News Today"},"content":{"rendered":"<p><\/p>\n<div>\n<p>DAOs,\u00a0<em>decentralized autonomous organizations<\/em>, are community-led organizations with no central authority. They function similarly to grassroots movements, where a group of people with a shared mission come together. As far as the goals are concerned, the types of DAOs vary considerably. There are media DAOs like Bankless DAO, collector DAOs like FlamingoDAO, and protocol DAOs like MakerDAO, to name a few.\u00a0<\/p>\n<p>However, regardless of their types, DAOs must perform certain operations to run their organizations. To this end, they use a set of applications and software, which is known as DAO tooling.\u00a0<\/p>\n<p>Most of the operations are common among DAOs, and so are the types of tools they use. That\u2019s why, in this article, we give a glimpse into typical DAO operations and the DAO tooling landscape.\u00a0<\/p>\n<h2 class=\"wp-block-heading\"><strong>Popular types of DAO tools<\/strong><\/h2>\n<h3 class=\"wp-block-heading\"><strong>#1 Governance and voting<\/strong><\/h3>\n<p>As their names suggest, DAOs must govern autonomously and in a decentralized way. Therefore decision-making is achieved by encoding rules in <a href=\"https:\/\/nftnewstoday.com\/2022\/08\/23\/a-quick-guide-to-smart-contracts-and-how-they-work-on-the-blockchain\/\" target=\"_blank\" rel=\"noopener\" title=\"\">smart contracts<\/a>, and proposals must undergo community voting.\u00a0<\/p>\n<p>DAOs can use on-chain or off-chain voting processes, while some DAOs prefer a mixture of the two. Off-chain votes \u2013 also known as signalling votes \u2013 indicate voters\u2019 will without executing an action. Snapshot is the most popular off-chain voting tool. The platform offers various ways for\u00a0<a href=\"https:\/\/nftnewstoday.com\/2022\/09\/16\/how-daos-and-nfts-work-together\/\" target=\"_blank\" rel=\"noopener\" title=\"\">token-based voting, including NFTs<\/a>.\u00a0<\/p>\n<p>On-chain governance tools such as Tally and Sybil are also widespread.\u00a0<a href=\"https:\/\/www.tally.xyz\/\" target=\"_blank\" rel=\"noreferrer noopener\">Tally\u00a0<\/a>allows DAOs to create proposals, vote, or delegate voting power.\u00a0<a href=\"https:\/\/sybil.org\/#\/delegates\/ens\" target=\"_blank\" rel=\"noreferrer noopener\">Sybil\u00a0<\/a>is a tool to discover accounts for delegating voting rights.\u00a0<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><\/figure>\n<\/div>\n<h3 class=\"wp-block-heading\"><strong>#2 Treasury management<\/strong><\/h3>\n<p>DAOs need transparent processes for their asset management. Typically, all assets of a DAO are stored in one crypto wallet known as the treasury. Therefore, DAOs require multiple people to approve a transaction to prevent fraudulent activities that can be caused by the signature of one person. This is known as a multisig transaction. Numerous tools help DAOs enable multisig, such as\u00a0<a target=\"_blank\" href=\"https:\/\/safe.global\/\" rel=\"noreferrer noopener\">Safe<\/a>\u00a0and\u00a0<a target=\"_blank\" href=\"https:\/\/multis.com\/\" rel=\"noreferrer noopener\">Multis<\/a>.\u00a0<\/p>\n<p>Another popular DAO asset management tool is the\u00a0<a target=\"_blank\" href=\"https:\/\/juicebox.money\/\" rel=\"noreferrer noopener\">Juicebox<\/a>\u00a0protocol, a programmable treasury DAOs can use to configure token minting and crowdfunding.\u00a0<\/p>\n<h3 class=\"wp-block-heading\"><strong>#3 Community management<\/strong><\/h3>\n<p>Discord, Telegram, and Twitter are the go-to tools for connecting with community members, but DAOs also leverage other tools to optimize different aspects of community management.\u00a0<\/p>\n<p>For instance, they can create and manage communities using\u00a0<a href=\"https:\/\/gm.xyz\/about\" target=\"_blank\" rel=\"noreferrer noopener\">gm.xyz<\/a>\u00a0and onboard users with\u00a0<a href=\"https:\/\/catapult.xyz\/\" target=\"_blank\" rel=\"noreferrer noopener\">Catapult<\/a>. The know-your-customer (KYC) process provided by\u00a0<a href=\"https:\/\/web.fractal.id\/\" target=\"_blank\" rel=\"noreferrer noopener\">Fractal<\/a>\u00a0allows DAOs to ensure their members are humans and not bots, as well as ensure fair participation in airdrops and voting systems.\u00a0<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" data-lazyloaded=\"1\" title=\"Light bulb people network and global communication concept Busin NFT News Today\" decoding=\"async\" width=\"800\" height=\"358\" src=\"https:\/\/i0.wp.com\/nftnewstoday.com\/wp-content\/uploads\/2023\/01\/light-bulb-global-business-technology-people-network-community-idea-connection-idea-effective-networking-mixed-media-concept-abstract-blue-background-3d-illustration.jpg?resize=800%2C358&amp;ssl=1\" alt=\"\" class=\"wp-image-64175\" srcset=\"https:\/\/i0.wp.com\/nftnewstoday.com\/wp-content\/uploads\/2023\/01\/light-bulb-global-business-technology-people-network-community-idea-connection-idea-effective-networking-mixed-media-concept-abstract-blue-background-3d-illustration-scaled.jpg?resize=1024%2C458&amp;ssl=1 1024w, https:\/\/i0.wp.com\/nftnewstoday.com\/wp-content\/uploads\/2023\/01\/light-bulb-global-business-technology-people-network-community-idea-connection-idea-effective-networking-mixed-media-concept-abstract-blue-background-3d-illustration-scaled.jpg?resize=300%2C134&amp;ssl=1 300w, https:\/\/i0.wp.com\/nftnewstoday.com\/wp-content\/uploads\/2023\/01\/light-bulb-global-business-technology-people-network-community-idea-connection-idea-effective-networking-mixed-media-concept-abstract-blue-background-3d-illustration-scaled.jpg?resize=768%2C343&amp;ssl=1 768w, https:\/\/i0.wp.com\/nftnewstoday.com\/wp-content\/uploads\/2023\/01\/light-bulb-global-business-technology-people-network-community-idea-connection-idea-effective-networking-mixed-media-concept-abstract-blue-background-3d-illustration-scaled.jpg?resize=1536%2C687&amp;ssl=1 1536w, https:\/\/i0.wp.com\/nftnewstoday.com\/wp-content\/uploads\/2023\/01\/light-bulb-global-business-technology-people-network-community-idea-connection-idea-effective-networking-mixed-media-concept-abstract-blue-background-3d-illustration-scaled.jpg?resize=2048%2C916&amp;ssl=1 2048w, https:\/\/i0.wp.com\/nftnewstoday.com\/wp-content\/uploads\/2023\/01\/light-bulb-global-business-technology-people-network-community-idea-connection-idea-effective-networking-mixed-media-concept-abstract-blue-background-3d-illustration-scaled.jpg?w=1600&amp;ssl=1 1600w, https:\/\/i0.wp.com\/nftnewstoday.com\/wp-content\/uploads\/2023\/01\/light-bulb-global-business-technology-people-network-community-idea-connection-idea-effective-networking-mixed-media-concept-abstract-blue-background-3d-illustration-scaled.jpg?w=2400&amp;ssl=1 2400w\" data-sizes=\"(max-width: 800px) 100vw, 800px\" data-recalc-dims=\"1\"\/><\/figure>\n<\/div>\n<h3 class=\"wp-block-heading\"><strong>#4 Compensation Distribution<\/strong><\/h3>\n<p>Some DAO tools are explicitly designed to reward members for their contributions. The most well-known among these is\u00a0<a target=\"_blank\" href=\"https:\/\/coordinape.com\/\" rel=\"noreferrer noopener\">Coordinape<\/a>\u00a0which helps DAOs fairly distribute compensation, let community members reward each other, and define internal salaries.\u00a0<\/p>\n<p>Another popular compensation tool is\u00a0<a target=\"_blank\" href=\"https:\/\/www.superfluid.finance\/\" rel=\"noreferrer noopener\">Superfluid<\/a>. DAOs use it to automize recurring and real-time payments. Another protocol for streaming payments is\u00a0<a target=\"_blank\" href=\"https:\/\/sablier.finance\/\" rel=\"noreferrer noopener\">Sablier<\/a>, while\u00a0<a target=\"_blank\" href=\"https:\/\/www.utopialabs.com\/\" rel=\"noreferrer noopener\">Utopia\u00a0<\/a>is a payroll management tool for DAOs, and\u00a0<a target=\"_blank\" href=\"https:\/\/tryroll.com\/\" rel=\"noreferrer noopener\">Roll\u00a0<\/a>is a tool for bulk token distribution.\u00a0<\/p>\n<p>DAOs can also post bounties to reward members.\u00a0<a target=\"_blank\" href=\"https:\/\/dework.xyz\/\" rel=\"noreferrer noopener\">Dework<\/a>, Layer3, Kleoverse, and Gitcoin are some platforms to announce bounties.\u00a0<\/p>\n<h3 class=\"wp-block-heading\"><strong># 5 Access control<\/strong><\/h3>\n<p>DAOs with token-gated communities can use\u00a0<a href=\"https:\/\/guild.xyz\/\" target=\"_blank\" rel=\"noreferrer noopener\">Guild.xyz<\/a>\u00a0to define community roles based on token holdings, manage whitelists, distribute POAPs, and create guess passes for members with no tokens. Collab.land enables the verification of assets on the Ethereum blockchain. DAOs integrate it into their official Discord and Telegram channels to verify ownership and assign access rights. The\u00a0<a href=\"https:\/\/grapes.network\/\" target=\"_blank\" rel=\"noreferrer noopener\">Grape\u00a0<\/a>protocol is another tool to grant access rights based on wallet balances; it\u2019s designed for the Solana network.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">The bottom line: other types of DAO tooling<\/h2>\n<p>While these tools represent the means to run most DAO operations, numerous others help fulfill other functions. Some of the most important parts of DAO tooling are also developer tools like Alchemy and Radicle and tax management tools like Accointing.<\/p>\n<\/div>\n<p><a href=\"https:\/\/nftnewstoday.com\/2023\/05\/24\/5-types-of-dao-tools-should-know-about\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=5-types-of-dao-tools-should-know-about\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DAOs,\u00a0decentralized autonomous organizations, are community-led organizations with no central authority. They function similarly to grassroots movements, where a group of people with a shared mission come together. As far as the goals are concerned, the types of DAOs vary considerably. There are media DAOs like Bankless DAO, collector DAOs like FlamingoDAO, and protocol DAOs like [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftnewstoday.com\/wp-content\/uploads\/2023\/01\/dao2_07-1.jpg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/7493"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=7493"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/7493\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/7494"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=7493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=7493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=7493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}