HyperDAO: DAO will Dominate the Future of Web 3.0
What is Web 3.0?
Web 3.0, commonly referred to as the third generation of the Internet, is a decentralized web supported by Distributed Ledger Technology (DLT). It is based on blockchain, and is widely considered to be the infrastructure that would become the backbone of the metaverse.
Web 3.0 is undoubtedly a mainstream trend driving the future, and with the current Web 3.0 technology spurred on by the global blockchain technology boom, is no longer a mere theory, but a real revolution that can disrupt and transform the digital world.
HyperDAO’s Decentralized Charity Protocol
A decentralized autonomous organization (DAO) is an organization that is governed by smart contracts that are self-executing, which allows for transparency and fosters trust among members. As an early adopter of DAO governance, HyperDAO firmly believes that decentralized operations can allow for consensus to drive the development, maintenance, and management of HyperDAO, thus solving any potential conflicts of interest.
DAOs have the ability to transform businesses and operate “without trust”, and it is safe to say that DAOs have opened up a whole new world of possibilities. HyperDAO’s decentralized charity protocol allows for the influx of talent into the crypto industry to help more people, helping them to move away from the obstacles of centralization to more easily achieve their dreams.
All of HyperDAO’s financial success is tied to members of its community, and all members will also receive a significant amount of reward as HyperDAO continues to grow and develop.
Why is DAO the Future Dominant Force of Web 3.0?
In the early stages of DAOs, there were usually no more than a hundred members in a DAO, and their hierarchical structure was simpler because everyone could have their say in governance, and these members can be fairly rewarded for their hard work. However, as the number of members grew, problems began to emerge. Many DAOs have seen their membership grow exponentially, from hundreds to thousands, to even tens of thousands! Because of an undisciplined management style, these new members did not do much to contribute to the DAO. Many members were considered “freeloaders”, as they simply relied upon the contributions of other members to grow the organization.
Without a clear governance structure, which ultimately affected governance and direction, some DAOs were quickly overwhelmed by proposals. If these proposals are voted on, then they need to be implemented. This is where most DAOs fail. In addition to the lack of progress, getting too many opinions can be detrimental to a DAO’s development. So, what is the delicate balance between the two? How does a DAO need to be structured to avoid inefficient governance?
In HyperDAO, ownership is allocated to supernodes with more specialized goals, allowing them to consolidate all the opinions of community members to solve key long-term problems. If “corporations” are looking to change physical level connections, then as DAOs evolve, they will likely permeate our digital world today, and become a part of the new Web 3.0 society!