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Author: Admin | 2025-04-28
DAOs, use the contracts to allow participants to weigh in on decisions and automate organizational functions, writes Sean Stein Smith.“In most, if not all, instances of for-profit DAOs – or even DAOs organized for a specific one-time purpose, such as attempting to purchase an original copy of the U.S. Constitution – cash or appreciated property that is contributed to the organization is exchanged for governance tokens. The tokens essentially represent a fractional form of collective ownership,” he writes. Read more: Cryptocurrency-funded groups called DAOs are becoming charities – here are some issues to watch 6. Beyond money, part 4: The metaverseYou could view the metaverse as the mother of all distributed autonomous organizations. The metaverse is a concept defining an interconnected set of virtual environments that could be a future iteration of the internet. Blockchain is what will make the interconnection possible.“As people move between virtual worlds – say from Decentraland’s virtual environments to Microsoft’s – they’ll want to bring their stuff with them. If two virtual worlds are interoperable, the blockchain will authenticate proof of ownership of your digital goods in both virtual worlds,” write Michigan State University’s Rabindra Ratan and Dar Meshi.Blockchain could even manage how people behave in the metaverse by making it possible to assign denizens reputation scores. “If you act like a toxic misinformation-spreading troll, you may damage your reputation and potentially have your sphere of influence reduced by the system. This could create an incentive for people to behave well in the metaverse,” they write. Read more: The metaverse is money and crypto is king – why you'll be on a blockchain when you're virtual-world hopping Editor’s note: This story is a roundup of articles from The Conversation’s archives.
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