Some initial thoughts on our DAO
Enter, BlueStudiosNFT, the world’s first Play2Earn and Learn2Earn community leveraging an animated series, metaverse, and streaming learning platform.
I will put this disclaimer here: Everything is subject to change as we are working through the best legal framework for this. This is merely speculation on what we’d like to see, but everything we do runs through the proper legal channels before it’s formalized. This is not to be interpreted as investment advice or any investment claims, but more about the intent we hope to bring to our community, and we’ll explore any and all legal forms of getting this done before anything is definitive. This is very much the early days, but we wanted to opine on the possibilities.
BUT, what I can discuss is the intent behind the formation. DAOs or decentralized autonomous organizations are designed to get a community of like-minded people an effective way to harness their individual interests for the betterment of the community. In many ways, this is driven by tokens, votes, and a smart contract that’s transparent and fair on the rules of engagement. For me, it reminds me of the town hall, where everyone’s vote actually matters, and decisions are driven by a purely fair process. It also requires a “Goldilocks” decision matrix. Having too many choices in decisions end up being sub-optimal and having too few choices for the group is also sub-optimal to move collection action forward.
As I said in a previous blog, if Disney was started today, it would be Web3. The community would align and galvanize around their IP, and the community would benefit from the upside of the growth of the brand. We feel the best way to do that is through an NFT project, and that’s precisely why we’re here. But to take it one step forward, the DAO could be a mechanism to vote on story elements, decide on buying some IP from other popular NFT projects to create derivative live-action or animated stories, and get as many people in the community to build a brand we care about, especially one that makes the world a better place.
How we’ll do that, still remains to be seen and that’s why we’re waiting until after the NFT project launch to formalize it, once we have all of our early stakeholders aligned and ready to go. Then we can decide on key sticking points as a community on how we best move forward on some of the details the legal team puts forward.
Here’s a mockup of the sort of interface we’d like to build and we’re excited to work with you if you’re inclined to participate. It’s still subject to change, but we wanted to give you direction on what we’re hoping to do.