{"id":4308,"date":"2022-10-28T07:46:52","date_gmt":"2022-10-28T07:46:52","guid":{"rendered":"https:\/\/wagmi.tips\/?p=4308"},"modified":"2022-10-28T07:53:48","modified_gmt":"2022-10-28T07:53:48","slug":"create-a-dao","status":"publish","type":"post","link":"https:\/\/wagmi.tips\/guides\/create-a-dao\/","title":{"rendered":"How To Create A DAO For Your NFT Project"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"4308\" class=\"elementor elementor-4308\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-20726258 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"20726258\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-75fa2c07\" data-id=\"75fa2c07\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2acb8a32 elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading\" data-id=\"2acb8a32\" data-element_type=\"widget\" data-widget_type=\"theme-post-title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.19.0 - 07-02-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">How To Create A DAO For Your NFT Project<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-28c40ffb elementor-widget elementor-widget-text-editor\" data-id=\"28c40ffb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.19.0 - 07-02-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Many NFT projects are introducing DAOs to govern and decide the future of the project. Given that decentralized projects are gaining traction among the Web3 folk, having a DAO is certainly one way to attract like minded individuals into your community. Here are some easy steps to create a DAO for your own NFT project.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2fd0a33e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2fd0a33e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-4a056ec8\" data-id=\"4a056ec8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4eef0410 elementor-widget elementor-widget-theme-post-featured-image elementor-widget-image\" data-id=\"4eef0410\" data-element_type=\"widget\" data-widget_type=\"theme-post-featured-image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.19.0 - 07-02-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"538\" src=\"https:\/\/wagmi.tips\/wp-content\/uploads\/2022\/10\/how-to-create-a-dao-1024x538.jpg\" class=\"attachment-large size-large wp-image-4309\" alt=\"how to create a dao\" srcset=\"https:\/\/wagmi.tips\/wp-content\/uploads\/2022\/10\/how-to-create-a-dao-1024x538.jpg 1024w, https:\/\/wagmi.tips\/wp-content\/uploads\/2022\/10\/how-to-create-a-dao-300x158.jpg 300w, https:\/\/wagmi.tips\/wp-content\/uploads\/2022\/10\/how-to-create-a-dao-768x403.jpg 768w, https:\/\/wagmi.tips\/wp-content\/uploads\/2022\/10\/how-to-create-a-dao.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1c5aa4c1 elementor-widget elementor-widget-table-of-contents\" data-id=\"1c5aa4c1\" data-element_type=\"widget\" data-settings=\"{&quot;exclude_headings_by_selector&quot;:[],&quot;headings_by_tags&quot;:[&quot;h2&quot;,&quot;h3&quot;,&quot;h4&quot;,&quot;h5&quot;,&quot;h6&quot;],&quot;marker_view&quot;:&quot;numbers&quot;,&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor-pro - v3.19.0 - 07-02-2024 *\/\n.elementor-widget-table-of-contents .elementor-toc__header-title{color:var(--header-color)}.elementor-widget-table-of-contents.elementor-toc--collapsed .elementor-toc__toggle-button--collapse,.elementor-widget-table-of-contents:not(.elementor-toc--collapsed) .elementor-toc__toggle-button--expand{display:none}.elementor-widget-table-of-contents .elementor-widget-container{min-height:var(--box-min-height);border:var(--box-border-width,1px) solid var(--box-border-color,#9da5ae);border-radius:var(--box-border-radius,3px);background-color:var(--box-background-color);transition:min-height .4s;overflow:hidden}.elementor-toc__header{display:flex;align-items:center;justify-content:space-between;padding:var(--box-padding,20px);background-color:var(--header-background-color);border-bottom:var(--separator-width,1px) solid 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.elementor-toc__list-item-text{white-space:nowrap;overflow:hidden;text-overflow:ellipsis}.elementor-toc__list-items--collapsible>.elementor-toc__list-wrapper>.elementor-toc__list-item>.elementor-toc__list-wrapper{display:none}.elementor-toc__heading-anchor{position:absolute}.elementor-toc__body .elementor-toc__list-item-text{color:var(--item-text-color);-webkit-text-decoration:var(--item-text-decoration);text-decoration:var(--item-text-decoration)}.elementor-toc__body .elementor-toc__list-item-text:hover{color:var(--item-text-hover-color);-webkit-text-decoration:var(--item-text-hover-decoration);text-decoration:var(--item-text-hover-decoration)}.elementor-toc__body .elementor-toc__list-item-text.elementor-item-active{color:var(--item-text-active-color);-webkit-text-decoration:var(--item-text-active-decoration);text-decoration:var(--item-text-active-decoration)}ol.elementor-toc__list-wrapper{counter-reset:item}ol.elementor-toc__list-wrapper .elementor-toc__list-item{counter-increment:item}ol.elementor-toc__list-wrapper .elementor-toc__list-item-text-wrapper:before{content:counters(item,\".\") \". \"}<\/style>\t\t<div class=\"elementor-toc__header\">\n\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tTable of Contents\t\t\t<\/h4>\n\t\t\t\t\t<\/div>\n\t\t<div id=\"elementor-toc__1c5aa4c1\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<i class=\"elementor-toc__spinner eicon-animation-spin eicon-loading\" aria-hidden=\"true\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-55df2759 elementor-widget elementor-widget-heading\" data-id=\"55df2759\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What Is A DAO?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-59c38380 elementor-widget elementor-widget-text-editor\" data-id=\"59c38380\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">A <\/span><b>decentralised autonomous organisation (DAO)<\/b><span style=\"font-weight: 400;\"> is essentially an internet-native organisation that is collectively owned and managed by its members. Being made possible with the arrival of blockchain technology, a DAO typically has a few common characteristics.<\/span><\/p><p><span style=\"font-style: inherit; color: var( --e-global-color-text );\">For starters, there is no centralised legal entity within the DAO. DAOs operate through smart contracts which automatically execute whenever a set of criteria is met. Members that have a stake in the DAO, often by holding tokens or NFTs, then have the right to submit proposals and vote within the community. The main distinction is that a DAO is fully autonomous and transparent, where anyone can audit its code and its financial transactions.<\/span><\/p><p><span style=\"font-style: inherit; color: var( --e-global-color-text );\">Check out our <a href=\"https:\/\/wagmi.tips\/guides\/what-is-a-dao\/\">complete guide to DAOs<\/a> here.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-226fdcc elementor-widget elementor-widget-image\" data-id=\"226fdcc\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"673\" src=\"https:\/\/wagmi.tips\/wp-content\/uploads\/2022\/10\/dao-vs-centralized-1024x673.jpg\" class=\"attachment-large size-large wp-image-4317\" alt=\"dao vs centralized\" srcset=\"https:\/\/wagmi.tips\/wp-content\/uploads\/2022\/10\/dao-vs-centralized-1024x673.jpg 1024w, https:\/\/wagmi.tips\/wp-content\/uploads\/2022\/10\/dao-vs-centralized-300x197.jpg 300w, https:\/\/wagmi.tips\/wp-content\/uploads\/2022\/10\/dao-vs-centralized-768x505.jpg 768w, https:\/\/wagmi.tips\/wp-content\/uploads\/2022\/10\/dao-vs-centralized.jpg 1196w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">How a DAO stands out from the crowd. Credit: Aragon<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6bcd1cfb elementor-widget elementor-widget-heading\" data-id=\"6bcd1cfb\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How To Create A DAO?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-32057026 elementor-widget elementor-widget-text-editor\" data-id=\"32057026\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Before you get down to the nitty-gritty of setting up your DAO, you first need to establish the purpose of the DAO. Whether it is to govern the treasury of your NFT project, raise funds for an upcoming project, or organise NFT airdrops, there should at least be a general direction.<\/span><\/p><p><span style=\"font-weight: 400;\">Here are 3 essential steps to create a DAO:\u00a0<\/span><\/p><ol><li><span style=\"font-style: inherit; color: var( --e-global-color-text );\">You need a group of developers to <\/span><b style=\"font-style: inherit; color: var( --e-global-color-text );\">create the smart contract<\/b><span style=\"font-style: inherit; color: var( --e-global-color-text );\"> behind the DAO. All details need to be critically examined before the DAO is launched as this is basically the foundation of the DAO. After the launch, any changes made to the smart contract will have to go through a vote by the DAO members.<\/span><\/li><li><span style=\"font-style: inherit; color: var( --e-global-color-text );\">The team has to <\/span><b style=\"font-style: inherit; color: var( --e-global-color-text );\">set up a treasury<\/b><span style=\"font-style: inherit; color: var( --e-global-color-text );\"> for the DAO. Most NFT projects today raise funds by releasing an NFT collection, such as a 10k PFP collection. The NFT holders will then receive voting rights based on the NFTs that they hold.\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Once you are ready to relinquish sole control over your NFT project, you can officially <\/span><b>deploy<\/b><span style=\"font-weight: 400;\"> your DAO. <\/span><\/li><\/ol>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5e581fbc elementor-widget elementor-widget-heading\" data-id=\"5e581fbc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Tools For Creating A DAO<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d49cea8 elementor-widget elementor-widget-text-editor\" data-id=\"d49cea8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Today, there are plenty of tools to help you create a DAO for your NFT project. Here are some of the popular options in the market:<\/span><\/p><p><b style=\"font-style: inherit; color: var( --e-global-color-text );\">DAO-tooling<\/b><\/p><p><a href=\"https:\/\/aragon.org\/\"><span style=\"font-weight: 400;\">Aragon<\/span><\/a><span style=\"font-weight: 400;\"> is the go-to DAO creator today, with more than 3.8k DAOs built on the platform. This platform allows non-tech people to create a DAO in a matter of minutes. After you connect to your crypto wallet, you can proceed to create an organisation. The next steps include configuring your desired template, choosing a name, setting up a token and adjusting the voting details. Finally, review your configuration and deploy the DAO.\u00a0<\/span><\/p><p><b style=\"font-style: inherit; color: var( --e-global-color-text );\">Voting tools<\/b><\/p><p><span style=\"font-weight: 400;\">There are various on-chain voting tools such as Uniswap\u2019s Sybil and <\/span><a href=\"https:\/\/boardroom.io\/\"><span style=\"font-weight: 400;\">Boardroom<\/span><\/a><span style=\"font-weight: 400;\">. But due to the expensive gas fees that come along with these tools, many projects have opted for off-chain voting using tools such as Discord, Discourse, and Telegram.<\/span><\/p><p><span style=\"font-style: inherit; color: var( --e-global-color-text );\">On the other hand, <\/span><a style=\"font-style: inherit; font-weight: inherit; background-color: #ffffff;\" href=\"https:\/\/snapshot.org\/#\/\">Snapshot<\/a><span style=\"font-style: inherit; color: var( --e-global-color-text );\"> uses the Interplanetary File System (IPFS) so that people can vote on the blockchain without incurring gas fees. Users only need to connect their Metamask wallet to prove that they are holding a certain NFT to be eligible to vote. Large DAOs such as ENS and Bankless have been using Snapshot as well.<\/span><\/p><p><b style=\"font-style: inherit; color: var( --e-global-color-text );\">Treasury management<\/b><\/p><p><span style=\"font-weight: 400;\">If a proposal is approved by the community, the team will release the agreed upon funds to the recipient. These funds are typically held in a multi-signature wallet such as <\/span><a href=\"https:\/\/gnosis-safe.io\/#getting-started\"><span style=\"font-weight: 400;\">Gnosis-Safe<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/juicebox.money\/\"><span style=\"font-weight: 400;\">JuiceBox<\/span><\/a><span style=\"font-weight: 400;\">, where the DAO admins have to cosign to send a transaction.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Two of the most popular fundraising DAOs in recent history, <\/span><a href=\"https:\/\/assangedao.org\/\"><span style=\"font-weight: 400;\">AssangeDAO<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/www.constitutiondao.com\/\"><span style=\"font-weight: 400;\">ConstitutionDAO<\/span><\/a><span style=\"font-weight: 400;\">, along with 900+ other DAOs have opted for JuiceBox to fund and operate their DAO treasuries. JuiceBox charges a 2.5% fee for every fund withdrawal made by a DAO, which goes into the JuiceBox treasury.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-57927d1 elementor-widget elementor-widget-image\" data-id=\"57927d1\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"583\" src=\"https:\/\/wagmi.tips\/wp-content\/uploads\/2022\/10\/constitution-dao-1024x583.jpg\" class=\"attachment-large size-large wp-image-4318\" alt=\"\" srcset=\"https:\/\/wagmi.tips\/wp-content\/uploads\/2022\/10\/constitution-dao-1024x583.jpg 1024w, https:\/\/wagmi.tips\/wp-content\/uploads\/2022\/10\/constitution-dao-300x171.jpg 300w, https:\/\/wagmi.tips\/wp-content\/uploads\/2022\/10\/constitution-dao-768x437.jpg 768w, https:\/\/wagmi.tips\/wp-content\/uploads\/2022\/10\/constitution-dao-1536x874.jpg 1536w, https:\/\/wagmi.tips\/wp-content\/uploads\/2022\/10\/constitution-dao-2048x1166.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">ConstitutionDAO: a DAO to buy the United States Constitution! Credit: JuiceBox <\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-227349a7 elementor-widget elementor-widget-heading\" data-id=\"227349a7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Successful DAOs To Reference<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5a1fcabd elementor-widget elementor-widget-text-editor\" data-id=\"5a1fcabd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-style: inherit; color: var( --e-global-color-text );\">Alchemy has grouped DAOs into 8 main categories:<\/span><\/p><ul><li><span style=\"font-style: inherit; color: var( --e-global-color-text );\">DeFi protocol DAOs<\/span><\/li><li><span style=\"font-style: inherit; color: var( --e-global-color-text );\">Philanthropy DAOs<\/span><\/li><li><span style=\"font-style: inherit; color: var( --e-global-color-text );\">Investment and venture DAOs<\/span><\/li><li><span style=\"font-style: inherit; color: var( --e-global-color-text );\">Grant DAOs<\/span><\/li><li><span style=\"font-style: inherit; color: var( --e-global-color-text );\">Collector DAOs<\/span><\/li><li><span style=\"font-style: inherit; color: var( --e-global-color-text );\">Media DAOs<\/span><\/li><li><span style=\"font-style: inherit; color: var( --e-global-color-text );\">Social DAOs<\/span><\/li><li><span style=\"font-style: inherit; color: var( --e-global-color-text );\">Sub DAOs.<\/span><\/li><\/ul><p><span style=\"font-style: inherit; font-weight: inherit; color: var( --e-global-color-text );\">Some of the largest DAOs to date can be seen in the DeFi space, including Uniswap, MakerDAO, and Aave.<\/span><\/p><p><span style=\"font-style: inherit; color: var( --e-global-color-text );\">There are also some DAOs in the NFT space that have seen success over the past year. For starters, <\/span><a style=\"font-style: inherit; font-weight: inherit; background-color: #ffffff;\" href=\"https:\/\/wagmi.tips\/reviews\/nouns-dao\/\">Nouns DAO<\/a><span style=\"font-style: inherit; color: var( --e-global-color-text );\"> holds $44.5 million in its treasury where its members remain active in submitting <\/span><a style=\"font-style: inherit; font-weight: inherit; background-color: #ffffff;\" href=\"https:\/\/nouns.wtf\/vote\">proposals<\/a><span style=\"font-style: inherit; color: var( --e-global-color-text );\">. On the other hand, Ukraine DAO continues to <\/span><a style=\"font-style: inherit; font-weight: inherit; background-color: #ffffff;\" href=\"https:\/\/ukraine-dao.notion.site\/UkraineDAO-eth-Treasury-b080b59f794848fa8f6ac1b22575792c\">allocate funds<\/a><span style=\"font-style: inherit; color: var( --e-global-color-text );\"> to various parties in need as the war rages in their homeland.<\/span><\/p><p><a style=\"font-style: inherit; font-weight: inherit; background-color: #ffffff;\" href=\"https:\/\/docs.decentraland.org\/player\/dao\/community-voting\/\">Decentraland<\/a><span style=\"font-style: inherit; font-weight: inherit; color: var( --e-global-color-text );\">, one of the largest metaverse platforms, is also governed by its DAO. Holders of its native token, $MANA, or land parcel NFTs, will receive their respective voting rights, allowing them to shape Decentraland\u2019s future.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4b01baf elementor-widget elementor-widget-image\" data-id=\"4b01baf\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"429\" src=\"https:\/\/wagmi.tips\/wp-content\/uploads\/2022\/10\/decentraland-daos-1024x429.jpg\" class=\"attachment-large size-large wp-image-4319\" alt=\"decentraland daos\" srcset=\"https:\/\/wagmi.tips\/wp-content\/uploads\/2022\/10\/decentraland-daos-1024x429.jpg 1024w, https:\/\/wagmi.tips\/wp-content\/uploads\/2022\/10\/decentraland-daos-300x126.jpg 300w, https:\/\/wagmi.tips\/wp-content\/uploads\/2022\/10\/decentraland-daos-768x322.jpg 768w, https:\/\/wagmi.tips\/wp-content\/uploads\/2022\/10\/decentraland-daos-1536x644.jpg 1536w, https:\/\/wagmi.tips\/wp-content\/uploads\/2022\/10\/decentraland-daos-2048x859.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Some of the recent proposals in the Decentraland DAO. Credit: Decentraland<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-43f6167e elementor-widget elementor-widget-heading\" data-id=\"43f6167e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Conclusion<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6a981be3 elementor-widget elementor-widget-text-editor\" data-id=\"6a981be3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Having an active DAO is one of the best ways to implement decentralisation within your NFT project. It also shows your members that their opinions truly matter. However, no DAO is always better than a poorly executed DAO as they can leave a bad taste within the community. So make sure you\u2019re ready before you launch your DAO, and not just for the sake of having one. <\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b0f46c5 elementor-widget elementor-widget-html\" data-id=\"b0f46c5\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What Is A DAO?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"A decentralised autonomous organisation (DAO) is essentially an internet-native organisation that is collectively owned and managed by its members. Being made possible with the arrival of blockchain technology, a DAO typically has a few common characteristics.\\n\\nFor starters, there is no centralised legal entity within the DAO. DAOs operate through smart contracts which automatically execute whenever a set of criteria is met. Members that have a stake in the DAO, often by holding tokens or NFTs, then have the right to submit proposals and vote within the community. The main distinction is that a DAO is fully autonomous and transparent, where anyone can audit its code and its financial transactions.\"}},{\"@type\":\"Question\",\"name\":\"How To Create A DAO?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"You need a group of developers to create the smart contract behind the DAO. All details need to be critically examined before the DAO is launched as this is basically the foundation of the DAO. After the launch, any changes made to the smart contract will have to go through a vote by the DAO members. The team has to set up a treasury for the DAO. Most NFT projects today raise funds by releasing an NFT collection, such as a 10k PFP collection. The NFT holders will then receive voting rights based on the NFTs that they hold. Once you are ready to relinquish sole control over your NFT project, you can officially deploy your DAO.\"}}]}<\/script><!--FAQPage Code Generated by https:\/\/saijogeorge.com\/json-ld-schema-generator\/faq\/-->\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-4f991235\" data-id=\"4f991235\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Many NFT projects are introducing DAOs to govern and decide the future of the project. Given that decentralized projects are gaining traction among the Web3 folk, having a DAO is certainly one way to attract like minded individuals into your community. Here are some easy steps to create a DAO for your own NFT project. <\/p>\n","protected":false},"author":2,"featured_media":4309,"comment_status":"open","ping_status":"closed","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[7],"tags":[177,447,445,449,446,448],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How To Create A DAO For Your NFT Project<\/title>\n<meta name=\"description\" content=\"Many NFT projects are introducing DAOs to govern and decide the future of the project. 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Here are some easy steps to create a DAO for your own NFT project.","og_url":"https:\/\/wagmi.tips\/guides\/create-a-dao\/","og_site_name":"WAGMI.TIPS","article_published_time":"2022-10-28T07:46:52+00:00","article_modified_time":"2022-10-28T07:53:48+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/wagmi.tips\/wp-content\/uploads\/2022\/10\/how-to-create-a-dao.jpg","type":"image\/jpeg"}],"author":"wagmitips","twitter_card":"summary_large_image","twitter_misc":{"Written by":"wagmitips","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/wagmi.tips\/guides\/create-a-dao\/#article","isPartOf":{"@id":"https:\/\/wagmi.tips\/guides\/create-a-dao\/"},"author":{"name":"wagmitips","@id":"https:\/\/wagmi.tips\/#\/schema\/person\/334fba4ab40a0861539df4e9f98cf04a"},"headline":"How To Create A DAO For Your NFT Project","datePublished":"2022-10-28T07:46:52+00:00","dateModified":"2022-10-28T07:53:48+00:00","mainEntityOfPage":{"@id":"https:\/\/wagmi.tips\/guides\/create-a-dao\/"},"wordCount":909,"commentCount":0,"publisher":{"@id":"https:\/\/wagmi.tips\/#organization"},"keywords":["dao","dao for nfts","daos","decentralized organizations","how to create a dao","nft daos"],"articleSection":["Guides"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/wagmi.tips\/guides\/create-a-dao\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/wagmi.tips\/guides\/create-a-dao\/","url":"https:\/\/wagmi.tips\/guides\/create-a-dao\/","name":"How To Create A DAO For Your NFT Project","isPartOf":{"@id":"https:\/\/wagmi.tips\/#website"},"datePublished":"2022-10-28T07:46:52+00:00","dateModified":"2022-10-28T07:53:48+00:00","description":"Many NFT projects are introducing DAOs to govern and decide the future of the project. Given that decentralized projects are gaining traction among the Web3 folk, having a DAO is certainly one way to attract like minded individuals into your community. Here are some easy steps to create a DAO for your own NFT project.","breadcrumb":{"@id":"https:\/\/wagmi.tips\/guides\/create-a-dao\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wagmi.tips\/guides\/create-a-dao\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/wagmi.tips\/guides\/create-a-dao\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wagmi.tips\/"},{"@type":"ListItem","position":2,"name":"How To Create A DAO For Your NFT Project"}]},{"@type":"WebSite","@id":"https:\/\/wagmi.tips\/#website","url":"https:\/\/wagmi.tips\/","name":"WAGMI.TIPS","description":"NFT News, Guides, Project Listings And More","publisher":{"@id":"https:\/\/wagmi.tips\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wagmi.tips\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wagmi.tips\/#organization","name":"WAGMI.TIPS","url":"https:\/\/wagmi.tips\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wagmi.tips\/#\/schema\/logo\/image\/","url":"https:\/\/wagmi.tips\/wp-content\/uploads\/2022\/03\/cropped-wagmi-tips-logo-white.jpg","contentUrl":"https:\/\/wagmi.tips\/wp-content\/uploads\/2022\/03\/cropped-wagmi-tips-logo-white.jpg","width":320,"height":160,"caption":"WAGMI.TIPS"},"image":{"@id":"https:\/\/wagmi.tips\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/wagmi.tips\/#\/schema\/person\/334fba4ab40a0861539df4e9f98cf04a","name":"wagmitips","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wagmi.tips\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/75420171b1b438c6c949ec7b0e920782?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/75420171b1b438c6c949ec7b0e920782?s=96&d=mm&r=g","caption":"wagmitips"},"url":"https:\/\/wagmi.tips\/author\/growthpj\/"}]}},"_links":{"self":[{"href":"https:\/\/wagmi.tips\/wp-json\/wp\/v2\/posts\/4308"}],"collection":[{"href":"https:\/\/wagmi.tips\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wagmi.tips\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wagmi.tips\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wagmi.tips\/wp-json\/wp\/v2\/comments?post=4308"}],"version-history":[{"count":13,"href":"https:\/\/wagmi.tips\/wp-json\/wp\/v2\/posts\/4308\/revisions"}],"predecessor-version":[{"id":4327,"href":"https:\/\/wagmi.tips\/wp-json\/wp\/v2\/posts\/4308\/revisions\/4327"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wagmi.tips\/wp-json\/wp\/v2\/media\/4309"}],"wp:attachment":[{"href":"https:\/\/wagmi.tips\/wp-json\/wp\/v2\/media?parent=4308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wagmi.tips\/wp-json\/wp\/v2\/categories?post=4308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wagmi.tips\/wp-json\/wp\/v2\/tags?post=4308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}