2077 Collective
Accelerating Ethereum. A league of creatives, researchers, developers, and marketers committed to making Ethereum cool again. Ethereum's Unofficial Creative Studio™
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Decentralized Autonomous Organizations (DAOs): Revolutionizing Governance on Ethereum
What is a DAO?
A DAO is a digital organization on Ethereum, governed by smart contracts and driven by token-holding members. In 2023, over 12,000 DAOs were managing more than $20 billion, promoting transparent and decentralized decision-making.
The Rise of DAOs on Ethereum
Ethereum has been the leading platform for the creation and operation of DAOs, thanks to its robust smart contract capabilities. Some key milestones in the rise of DAOs include:
- The DAO- 2016: Raised over $150M in Ether but faced challenges due to a security flaw, sparking interest in decentralized governance.
- 2021 DAO Boom: DAOs surged, with over 4,000 managing $10B+ in assets by year-end, reflecting growing confidence in decentralized governance.
- DeFi DAOs: Major DeFi protocols like Uniswap, Aave, and MakerDAO are governed by DAOs. As of 2023, Uniswap's DAO controls a $3B+ treasury, showcasing the scale of decentralized finance. 1 reply
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Hop into our Discord, and you'll see Ian pouring his heart into EQL. He’s building something real, something everyone can vibe with. In a recent convo, Ian asked Dodge Dev if the codebase was making sense. Dodge, not being a hardcore Rust dev, could only catch the basics. Ian's reply? He’s gonna drop some fire docs to make sure anyone, no matter where they’re at, can get it.
Ian’s not just creating a tool; he’s crafting something he'd actually use—a simple yet dope way for anyone, no matter their tech level, to query the Ethereum Virtual Machine with a SQL-like twist.
He knows EQL’s got a journey ahead, even saying it might lag behind Dune Analytics, the go-to for on-chain analysis. But Ian’s all about those crypto-native vibes—decentralization, open access, and breaking barriers. That’s the energy driving Ian and the soul of EQL. 0 reply
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