From Millions to Billions
Following Your Vision for a Decentralized Future and Cutting Out the Middlemen
Gm Good Contributors! 👋
Repeat with me “DAOs are vital for the distributed ecosystem, individuals and organizations to collaborate globally by pooling resources and knowledge.”
Now, let's examine where we currently stand, and where we´re headed.
$12.4 Billion in Combined Treasury Balance and Growing 📈
Currently, there are a total of 2,334 organizations with assets under management over $1 million, out of which 152 organizations have assets over $100 million, accounting for 6.5%. Additionally, there are 259 organizations with governance token holders over 100, which is equivalent to 2.1%.
Despite the variance in size, the total treasury balance of all DAOs combined stands at an impressive $12.4 billion, highlighting the potential and growing importance of these decentralized entities.
As the saying goes, “knowing our history is crucial to understanding our future”. With only eight years having passed since the publication of Vitalik's whitepaper on DAOs, it's clear that we're still in the early stages of this ecosystem. It's exciting to imagine what the future holds for DAOs in the next 10-20 years.
Latest DAO News 📰
These are some of the latest news on DAO:
1inch DAO supports humanitarian relief efforts in Turkey with a $100,000 donation
UAE free zone to explore Bitcoin payments for services, lawyer says
Illuvium DAO blocks NFT pack-opening event involving 3AC founder Su Zhu
PleasrDAO successfully won the auction with a $529,000 bid after a bidding war
In my previous posts, I´ve recommended a reading and a video for the week. This time, however, I challenge you to put in some effort. If you were unable to attend the ETH Denver event in person, I strongly encourage you to spend this week watching the informative videos. I myself will be doing the same.
Here you can find the best discussions about DAOs on ETH Denver:
Incorporating Your DAO: The Pros, the Cons, and the Weird Sh*t No One Tells You About by Mark Lurie
Decentralization without chaos: how DAOs (and every other org) can effectively decentralize...
The problems with DAOs, Impact Communities and purpose driven projects
Should I keep this section in future newsletters?🤔 Leave a comment with your opinion. ⬇
Follow Your Vision to Mindful Wealth 🧘♂️
The image speaks the truth: follow your freakin' vision! If you are one of the people who agrees with the idea of a decentralized future where we all support each other, then continue on that path. The moolah will come rollin' in before you know it.
The global DeFi market is on fire! It's already worth a whopping USD 13.61 billion in 2022 and the experts predict that it'll grow at a mind-blowing compound annual growth rate (CAGR) of 46.0% from 2023 to 2030.
People are fed up with the traditional financial system that's full of intermediaries and complex procedures. With DeFi, we can finally cut out the middlemen and streamline our financial processes.
Meta-DAO Coach Services 🌿
Listen up, Good Contributors!
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GN Good Contributors!👋