🏨DAOs and Web3.0

In order to ensure that DAO members have a voice, DAO decisions are often made through proposals and voting. row management.

The concept and model of DAO also coincide with the prevailing Web3.0 nowadays. Web3.0 is the next-generation vision of Internet development. Its underlying infrastructure pursues trusted networks, trusted computing, and trusted storage.

These infrastructures have been initially established, and they can already support the new business of Web3.0. application mode. However, technical architecture alone is obviously not enough. Compared with technical architecture, the role played by governance structure may be more critical. Therefore, the demand for DAO in Web3.0 is imminent. As a decentralized autonomous organization, DAO has become the best way for Web3.0 to supplement trusted governance.

Web3.0 is an Internet ecosystem based on blockchain technology. It is committed to decentralizing or partially decentralizing the Internet, so that users can have more opportunities to master their own data, assets and digital identities. This new form of digital economy has attracted a lot of investment, according to the world-class leading global management consulting firm According to the latest data from McKinsey & Company, in the first half of 2022, venture capital investment in Web3.0 The total investment of venture capital in 2021 is 32.4 billion US dollars.

NFT (abbreviation for Non-Fungible Tokens, that is, non-fungible tokens), Web3 and DAO And the development of the cryptocurrency market is based on financial innovation and network innovation based on blockchain technology. If we want to realize the paradigm change of Web3.0, we need to realize at least the following aspects: First, improve the infrastructure of Web3.0.

The most important infrastructure of Web3.0 includes trusted network, Trusted Computing and Trusted Storage. Therefore, the development of Layer1, Layer2, CrossChain, Tokenbridge, and Storage is very important, and they are also the first basic protocols built in the industry. Second, build the core components of Web3.0.

Decentralized autonomous organization DAO can help Web3.0 achieve trusted governance. At the same time, FT, NFT, and Stablecoin will also jointly constitute the economic system of Web3.0. Finally, empower various application scenarios. Web3.0 will start from the transformation of the financial industry and gradually reshape the business models of various industries, such as Finance, Game, Social, Metaverse, etc. As mentioned above,