What’s in Store for DAOs in 2022?
____
______
2021 was the year of the non-fungible token (NFT), at least according to Collins Dictionary. However, this year another big thing in crypto may just end up being decentralized autonomous organizations (DAOs), which are expected to become the future of online communities.
Indeed, industry players speaking with Cryptonews.com concur that DAOs will have a strong 2022, with most agreeing that they’ll represent one of the year’s biggest trends. This might be evident in a variety of areas, with DAOs emerging in relation to social networks, media outlets, investment funds, and decentralized protocols, among others.
Of course, DAOs are likely to face regulatory challenges in 2022, like nearly every other part of the crypto ecosystem. But commenters agree that most DAOs will be able to meet them, even if the severity of laws may vary from one jurisdiction to another.
Last year, DAOs attracted a modest degree of attention, with social-cultural DAOs such as Friends With Benefits (FWB) and investment DAOs such as ConstitutionDAO diverting at least some people away from Bitcoin (BTC), NFTs, and the metaverse. Such projects helped cement the idea of using DAOs as a way to organize people, and it seems that 2022 will help build on such early momentum.
“We have seen the rise of service DAOs in 2021 and we expect this to continue throughout 2022,” said Namik Muduroglu, the ecosystem and partnerships coordinator at PrimeDAO, a research collective building coordination tools for DAOs.
For Muduroglu, DAOs are set to grow this year for two interconnected reasons: their openness and accessibility, and the fact that they help establish (and expand) communities on a firm democratic basis.
“[People] can not only work for a DAO and earn for
Read more on cryptonews.com
