Why is the existence of such a comprehensive DAO data analysis platform indispensable?
Written by: LeftOfCenter
Today, the data sharing platform DeepDAO released the alpha version of its first product.
As the first decentralized autonomous organization model DAO comprehensive data platform, DeepDAO will analyze, explore and rank DAO organizations based on multiple dimensions . Why is the existence of such a comprehensive DAO data analysis platform indispensable? What is the background of the DeepDAO team? What forward-looking and trend insights does DeepDAO have in the DAO field? Please read today’s chain news 3 minutes to understand the series.
What is DeepDAO?
DeepDAO is a platform that provides comprehensive data analysis and ranking of DAO organizations. It can analyze and rank the capital scale and governance of existing DAO organizations on the market based on multiple dimensions, similar to the DAO version of Coinmarketcap.
The mainstream DAO platforms currently supported by DeepDAO include DAOstack, Aragon, Moloch V1 & V2 and Colony . At the same time, it also supports those DAO organizations established for specific needs, such as The LAO, MakerDAO and Nexus Mutual.
As a comprehensive data analysis platform based on DAO, DeepDAO provides data insights related to DAO organizations for investors, journalists, and crypto enthusiasts. Currently, it supports a total of 76 DAO organizations, and customers include Messari, Delphi Digital, NecDAO, DXdao, and dorg .
The birth of DeepDAO is inevitable
The decentralized autonomous organization model DAO is growing.
The data shows that there are currently more than 2,000 DAO organizations in operation , with thousands of members and managing a growing pool of assets.
Decentralized finance (DeFi) and DAO are naturally adapted . In terms of capital, the total locked up on the DeFi chain exceeds 8 billion U.S. dollars and is still growing. DAO manages more than half of the capital.
In addition to DeFi, DAO has also been applied to more use cases, including different fields such as open source software development, games, democracy, energy, freelance, sports, healthcare, and insurance . With the popularity of DeFi and the adoption of DAO by more and more projects, more and more communities in the world are learning how to manage themselves through DAO.
In the context of the rapid growth of DAO, the influx of funds, and the diversification of applications over the past month, even experienced DAO enthusiasts can hardly follow the changing pace of the field, let alone those who have just entered. DeepDAO is a tool that came into being based on this, and meets user needs by providing indicators of DAO’s overall performance, financing, legal status, or community participation.
Team members and financing
DeepDAO was established in March 2020. The first version features visual analysis of key data in the DAO industry.
The development team behind it consists of digital community researchers, blockchain developers and encryption enthusiasts.
The founder of DeepDAO is Eyal Eithcowich. He is an experienced product developer. He has previously worked for Apple and several Fortune 500 companies. At the same time, Eyal Eithcowich is also a writer, film producer and activist with a long-term interest in governance and its real-world implementation.
In addition, DeepDAO has many other members to join, including user experience designer Liwen Wang, business development and operations LeRae Bigelow, and full-stack developer Xiaoran Zhang.
It is worth mentioning that, as a DAO product, the organization and management of the team itself also adopt the DAO model , so most of the team members have not met so far, and the online model is used daily for decentralized collaboration.
Currently, DeepDAO is conducting its first round of strategic financing.
DeepDAO’s insight into DAO trends
The ecology of DAO has gradually developed and grown. DAO, a decentralized autonomous organization model, was once used as a narrative of a future work model, but it has now arrived, which is reflected in multiple indicators such as the scale of funds and the diversified usage scenarios of DAO.
Eyal Eithcowich, the founder of DeepDAO, told Lianwen that the scale of funds managed by DAO has gradually increased and exceeded US$500 million for the first time earlier this week. This means that DAO is no longer the future, it has become the present.
In terms of usage scenarios, a number of different DAO usage scenarios have emerged:
VC DAO using DAO for venture capital . As a new form of venture capital, VC DAO democratized the privileges that used to be limited to investment companies , and provided ordinary people with investment access rights. Some (such as The LAO) require certification, and most of the others do not require permission.
The team manages the DAO . For example, the DeFi project mStable is managing tokens through the DAO mechanism.
Financing DAO . Tornado.cash will launch a fund managed by DAO.
Jointly own products based on DAO . For example, DXdao and NecDAO, this is a mature management model.
Software development based on DAO , such as dOrg and RaidGuild.
The recent DeFi boom has boosted the growth of DAO.
As an important part of blockchain innovation, achieving healthy decentralized governance is crucial to the long-term development of a blockchain project. In fact, some start-ups can use DAO’s organizational model for product development, operation and management without a leadership structure, because DAO can jointly make decisions about resource allocation and priority.
In fact, several crypto projects that have the potential to become DeFi unicorns, such as Synthetix, Curve, and YFI, have gradually transitioned to the DAO organizational form, giving control to the community.
Many of these projects have promoted community growth through the issuance of governance tokens. From this wave, people have begun to realize the value of obtaining a certain governance influence in decentralized financial agreements.
