it launched a DAO for fans and handed team governance over to the DAO. However, while these DAOs are still operational, none has managed to reach its goal just yet.
Ukraine DAO offers one such example. Its mission is clear: “Help Ukraine win the war against Russia.” As the group has expanded, it has built out a powerful library of onboarding materials for those interested in joining its efforts. And the kicker? Essentially no crypto knowledge is required for entry. Translators, disinformation experts, donors and, most importantly, any Ukrainian interested in working directly to save their country are welcome.
To do that, we’ll have to develop industry-standard frameworks for different types of DAOs, such as investment DAOs, service DAOs and, of course, sports team DAOs. In other words, we need DAOs-as-a-service, but before that we need accelerators, cohorts and meetups focused on educating those with zero crypto knowledge.The more we educate the world on why DAOs matter, the wider the potential market of DAO participants becomes.
A common retort to the vision for sports team DAOs is, “You think fans can make good decisions for the team? There is no way a democratic vote can produce the same outcome as professional management!” And these skeptics may have a point.
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