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Organized by Holger and Antonio as a five-week community learning experience, the event included daily calls with a group of 486 community members. The first DAO Pioneer Learning Circle took place in November 2021. The learning cycle, consisting of open interactive discussions that were focused on a collective learning experience rather than fixed roles like teacher and student, was designed to empower the community to learn about DAOs and create their own. For a community like IOTA’s, knowledge about DAOs is vital, and so IOTA’s community managers, Holger / Phylo #2233 and Antonionardella #1010, initiated an IOTA DAO Pioneer Learning Circle, based on available open-source web3 learning material and tailored to the needs of the community.
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As open, free and collaborative communities, DAOs represent a direct challenge to the siloed nature of traditional organizational structures.īeyond these essentials, many question marks hang over DAOs and how they work, with different interpretations of what a DAO is and what it can do.
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Members of a DAO usually vote on important topics and the outcome of the vote triggers an action processed by the smart contracts.
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The functionalities of a DAO are usually defined in a DAO Constitution and the execution of those rules is partially or fully embedded into the smart contracts code of a DAO. DAOs can form for any variety of purposes, from fundraising to community voting. For a start, decentralized autonomous organizations are exactly that: networks of like-minded individuals sharing ideas and funds without a centralized leader or point of control, and in which they rely on smart contracts to autonomously execute tasks and other functionalities. While the definition of a DAO can be ambiguous, a few key elements are fundamental. Hundreds of community members created their own “spaces”, experimenting with the concepts to eventually act as incubators for DAOs. Projects like the Soonaverse began to develop the technology required for operational DAOs.
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In 2015 he wrote an early take on a concept often used in DAOs, liquid democracy.Īfter the idea of a DAO was introduced to the IOTA community with the Chrysalis network upgrade in May 2021, interest in these new forms of collaboration and organization steadily increased. A significant exception was the IOTA Foundation’s Co-Founder, Dominic Schiener, who has always taken an interest in new forms of organization and governance structures.
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Its dramatic failure in 2016 led to the network split (hard fork) of Ethereum to Ethereum Classic, following the Ethereum community’s inability to agree on how to continue after a hack of the DAO – a typical example of coordination failure.Īside from this well-publicized event, most of the IOTA community were yet to be introduced to the concept of a DAO. Diligent followers of the cryptocurrency space may have heard about the first DAO on the Ethereum blockchain. When the blog post was published, the term “DAO” was relatively unknown, or if known, only vaguely understood. In a blog post about a community Treasury to oversee still unclaimed tokens originating from the earliest days of IOTA, the author briefly mentioned that the potential treasury could be governed by a “DAO”, or decentralized autonomous organization. While Chrysalis was mainly focused on delivering a production-ready IOTA technology stack, it also introduced a small detail that would have significant implications for the entire IOTA community.
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IOTA’s Chrysalis network update in April 2021 introduced the most significant technological change since the inception of IOTA and steered us into a direction of a better, more functional and usable protocol. Following a five-week Learning Circle, five fantastic projects are evolving into DAOs built in the IOTA ecosystem and, supported by the IOTA Foundation with a grant.Ģ021 was a year of change, challenging us to rethink our former credos, technologies and perceptions. The IOTA DAO Pioneers are exploring the web3 and DAO space. Kickstarting Web3-Enabled Community Engagement in the IOTA EcosystemĪn extensive learning experience has created new community engagement.