Home>Business>Constructing the way forward for Web3 in physical-digital with DAOs

Constructing the way forward for Web3 in physical-digital with DAOs

ATHDAOx, an occasion within the custom of the Solana Hacker Home, came about on Dec. 9 and 10 in Athens, Greece, to debate all issues decentralized autonomous group (DAO).

From governance and legalities to group constructing and safety, the occasion introduced collectively the native DAO-focused community in Greece and overseas.

Cointelegraph was on the bottom for the occasion and spoke with one of many occasion’s founders, Dimitris, aka Takisoul, about his expertise constructing a bodily house to debate digital communities.

Principal stage at ATHDAOx 2023. Supply: Savannah Fortis, Cointelegraph

Athens DAO was first held in 2022, throughout which Takisoul mentioned it hosted round 150 attendees, a lot of whom have been from exterior Greece. In its second 12 months, he informed Cointelegraph that attendance was anticipated to be 4 instances that of the primary occasion and with a lot greater participation from the native Greek group. 

“One of many many different issues that we needed to realize is to deliver the vibes of a convention from overseas, like Breakpoint, to Greece and at scale.”

“We’re attempting to be the glue between the devs and the group,” he mentioned. Takisoul mentioned that bodily meetups on this scale are “alternatives” for novices and the “blockchain curious” to satisfy folks on the forefront of constructing initiatives within the house.

The occasion had assist and attendance from outstanding builders within the house, akin to Solana, Bankless DAO, ApeCoin, GrapeDAO and extra.

Why DAOs? 

Requested why it’s vital to coach and activate a area people on the probabilities DAOs current Takisoul mentioned that non-Web3 natives typically have “superficial notions” and consciousness of the house. 

“Many aren’t conscious of the fantastic methods Web3 and DAOs unlock human coordination. They’re altering the way in which that we collaborate as teams and in addition instill a way of possession.”

He mentioned a great consequence after Athens DAO can be sooner or later to see extra EVM communities eyeing Solana DAO tooling for his or her purposes and Solana DAO infrastructure realms as properly.

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“The opposite half that will make us immensely pleased can be that within the subsequent hackathon, whether or not or not it’s on Solana or Ethereum, we see extra Greek-based groups participate in hackathons,” he mentioned.

Manolis Nikiforakis, CEO of Athens-based Web3 startup WeatherXM which tokenizes regionally sourced climate information on the blockchain, informed Cointelegraph the corporate is launching its personal DAO within the subsequent month. “Timing couldn’t be higher for a two-day DAO-focused occasion subsequent door,” he mentioned

Democracy and governance

One of many key rules within the DAO group is reworking the technique of governing and structuring community-run initiatives. 

In one of many panel discussions on the occasion concerning the authorized constructions and coverage associated to DAOs, one speaker highlighted that “Athens is the town that based democracy” and that ATHDAOx might be on the “forefront of lobbying for DAO coverage on a authorized degree.”

ATHEDAOx panel “Authorized Buildings, Coverage and DAOs.” Supply: Savannah Fortis, Cointelegraph

The identical panel mentioned the most important challenges DAOs face at this time, together with governance framework, transparency with donations and decentralization. One of many panelists suggested, “by no means cease exploring governance strategies.”

“Discover out what fits your wants, don’t copy and paste from what all the time works for an additional DAO.”

Concerning decentralization, the identical panel concluded that “perfection is an phantasm” when looking for a very decentralized DAO, however transparency is the important thing to reaching it. One panelist mentioned that the one “really decentralized DAO is Bitcoin.” 

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