Shake things up
Disruption comes to hand in hand with growth and evolution. If you look at the top companies today they are all disrupting a previous business model. Facebook took over for myspace and other earlier ways of conducting social media, gone were the day of AOL messenger or ICQ. Airbnb has challenged the hotel industry by providing normal people with a way to gain extra income by sharing their rooms for profit. Instagram introduced new ways to share photos and be social, and Pinterest illustrated the search engine. All of these companies and more provided some sort of disruption to a previous method of business and evolution will continue to push innovation, this can also be said as to what DAOs plan to deliver in the future, DAOs present a future where services are trust-free and decentralized, a future built on verifiability and honest business practices.
The internet started off as a military tool, one that put all information in a system of computers that could be easily accessed in a secure network for better transitioning and transportation of plans and secured information. Later when the internet was released to the public it became a different kind of platform so to speak, with many different utilities, platforms, and uses. The internet today is vastly different from the internet in its early years. The internet today is one of many communication protocols like TCP and normalized systems such as DNS with the most recognizable being that of HTTP
The web so far has had 3 iterations with web3 being the most recent. Web1 referred to the original simple we of read-only clickable hyperlinks that linked information on a limited interactive capacity. Web2 is what we know the web to be now, links, HTML, the now-defunct flash. and more. Web2 allows the user to read and write content, and to create their own content such as blogs, forums, shops, and social networks.
Web2 has no doubt made many businesses profitable and has provided companies with a way to gatekeep services and charge a fee. One major flaw of this web2 space is the selling and purchasing of information pertaining to users. This egregious breach of trust is one very negative aspect of web2 that web3 hopes to fix in the future.
One of the goals of web3 is to promote open services powered by decentralized protocols, which would be different from the centralized protocols controlled by uber-rich behemoths today. This content on web3 can be seen going further than web2 by creating a read-write-own mentality. Services that are open can provide more ethical and fair options for users as they would promote permissionless entry. This brings the participation and governance of protocols back to the users and they become owners of their information rather than just customers or products exploited by other big firms ( keep in mind your posts on Instagram and Facebook belong to those platforms and not to you -check the agreements).
There are many mainstream firms that are transitioning to a web3 to handle their tech and payment platforms. NFTs are of course at the forefront of the push to web3 and the DAOs that have been created from some of those NFT projects lay the foundation for the use of DAOs in the future and will spur the next wave of adoption and accessibility.
If you are not sure what a DAO is they are organizations run by a group that establishes governance and make decisions executed on the blockchain by smart contracts. There is no central point of control and the core operating mission is to bring together the community towards a common goal. These goals are established by users with common beliefs, and goals. The decisions and transactions would all be made visible and clear with a DAO no secrets no distrust, which is something we all need more of these days.
DAOs can be leveraged for collective ownership, treasuries built off of the profits and put into a community chest which is then opened or used when there is a fair vote. Each member of the DAO is given voting authority and power. PleasrDAO has done a great job of equaling the playing field by allowing users to share the cost of ownership of individual NFTs.
DAOs provide governance for web3 which boosts participation and reduces the risk of corruption or censorship, they allow for instantaneous decision making once all members are in agreement and this speeds up the process of many situations, no more bureaucracy, no more tricks, no more red tape. Issues get solved quickly and fairly. As it stands, charitable organizations are the most benefitted by DAOs and this is also good as some charities have been embroiled in scandals as to where the money from donations has gone.
The world will eventually change as we know it with web3 and as DAOs grow so can the way the world handles business and cooperation. This generation is witness to a new way of thinking, of working, of living and with NFTs and DAOs that future could very well be one that is more just and transparent.