A beginner’s guide to joining a DAO

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The 2022 Super Bowl featured a parade of commercials for companies in the crypto industry. While most advertised exchange platforms, a space was reserved for a decentralized autonomous organization (DAO).

DAOs are community-led organizations that share common goals, from making profitable investments to creating impactful products.

Instead of leaders making decisions, DAOs are managed by their members and are governed by rules that are applied in a block chain. For more details on how they work, check out our explainer here.

DAOs can be used for a wide range of purposes.

PleaserDAO, for example, bought the only copy of a unreleased Wu-Tang Clan albumweather ManufacturerDAO maintains and regulates the Dai stablecoin.

In the case of the Super Bowl ad, the Nouns DAO members voted for a proposal feature the brand’s NFT in a Bud Light commercial.

If you’re interested in joining a DAO, here are some tips to get you started:

1. Set your goals

DAOs are highly mission oriented. Your personal passions and experience should play a key role in the organization you join.

2. Find a DAO that fits your goals

DAOs are extremely diverse. you could try to explore DAO list and Deep DAO to find one with goals that align with your interests.

Most will have some sort of charter or mission statement outlining their goals, guidelines. and governance. These can give you an idea of ​​what to expect and how you can contribute.

3. Join the community

You will get a better idea of ​​the culture of a DAO by participating in the community.

The most common entry point is through the DAO Discord, where you can introduce yourself, participate in conversations, and learn how to contribute. Take your time to learn how you can help.

4. Get involved

DAOs are particularly popular with developers, but can benefit from a variety of other skill sets, from project management to design.

Your own contribution will depend on your abilities, but also on the needs and governance of the community.

5. Be careful

DAOs have unique benefits and attractions. They can provide democratized governance, transparency, common resources and the opportunity to have real impact, and cash.

On the other hand, there is the possibility of losing money and the code going wrong.

But if they keep their promise, maybe one day a DAO will manage a team at the Super Bowl instead of just advertising there.

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