The Truth About NFTs and DAOs
Non-fungible Tokens (NFTs) are all the rage these days. But what are they exactly? On this podcast, listen to Samson Williams, the President of the Crowdfunding Professional Association, as he explains in simple terms everything you need to know about NFTs and Distributed Autonomous Organization (DAOs). Whatever your background knowledge is of crowdfunding, tokenization, blockchain, or technology, you’ll get all the info you’ll need to understand why there’s so much hype around it all, and learn some pointers on how to protect yourself from possible fraud as well. Be warned: you may be floored by the truth bombs being presented on this podcast!
LISTEN ON SPREAKER HERE >>>
NFT marketplaces such as Open Sea allow you to create and sell non-fungible tokens of just about anything you can imagine. But when you buy an NFT, what are you actually paying for? What do you really own? Where is the value in your “investment”? What does proof of authenticity exactly mean? How is the NFT cre...more
DAOs + Crowdfunding = The Future of Finance
DAOs + Crowdfunding = The Future of Finance
We're going to skip the part where DAOs are engaging in unregulated crowdfunding for the moment. And instead, focus on what happens when hundreds or THOUSANDs of people use technology to do a thing.
1. Distributed Autonomous Organizations (DAO)s are where humans form an organization (some would call it a business but lets not get stuck in details) for the purpose of doing a thing.
2. #ConstitutionDAO formed so that its members could buy an original copy of the Constitution.
3. Calling it a DAO vs an LLC/Corp just means that members have some sort of #blockchain based ID that identifies them as members of the DAO.
4. DAOs are actually businesses because the members there in have a financial interest (represented by smart contracts /staking / shares etc....) in the thing the DAO was organized to do.
5. So its great that Humans are forming digital LLCs using blockchain ID (aka DOAs) as a form of identify and then together as The Crowd, engaging ...more
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