Web3 Crypto

How Will DAOs Work in Web3 | Purpose of DAOs on the Blockchain

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On This Episode of the T-Ray Show How Will DAOs Work in Web3 and The Purpose of DAOs on the Blockchain was discussed. Ray explaining how will DAOs fit into Web3. Also, Ray and Tim go over other topics live Decentralized World, FUD, Battle of Crypto Bitcoin vs Ethereum, and Web2 Vs Web3.

A decentralized autonomous organization (DAO), sometimes called a decentralized autonomous corporation (DAC), is an organization constructed by rules encoded as a computer program that is often transparent, controlled by the organization’s members and not influenced by a central government, in other words they are member-owned communities without centralized leadership. A DAO’s financial transaction records and program rules are maintained on a blockchain. The precise legal status of this type of business organization is unclear. DAO governance is coordinated using tokens or NFTs that grant voting powers. Admission to a DAO is limited to people who have a confirmed ownership of these governance tokens in a cryptocurrency wallet, and membership may be exchanged. Governance is conducted through a series of proposals that members vote on through the blockchain, and the possession of more governance tokens often translates to greater voting power. Contributions from members towards the organizational goals of a DAO can sometimes be tracked and internally compensated. Inactive holders of governance tokens can be a major obstacle for DAO governance, which has led to implementations of allowing voting power to be delegated to other parties.

Into 0-0:30
Crypto News 0:30-5:50
DAOs in Web3 5:50 – 7:07
2021 The Year Of NFTs 7:07 – 8:39
Decentralized World 8:39 – 10:00
FUD 10:00 – 13:08
DAOs Are the Cornerstone of the Next Generation Digital Infrastructure 13:08 – 17:03
Blockchain 17:03 – 17:56
Google Trends 17:56 – 20:16
Battle Of Crypto Bitcoin vs Ethereum 20:16 – 21:31
Digital Real Estate 21:31 – 22:34
NFTs are Changing the Demographic Game 22:34 – 25:02
Use Cases For NFTs 25:02- 27:51
Web2 Vs Web3 27:51 – 29:41
Our Your Value 29:41 – 32:17
Opposite of Disney Model 32:17 – 34:55
Welcome A New Bees To The Community 34:55 – 35:39
Closing Out The Show 35:39 – 37:48

#DAO #Web3 #Blockchain

Ray Pepito Co-Founder of one of the Largest Decentralized Financial Communities in the World. A guide to those who understand the great opportunity that is right in front of us. Providing insider access to projects before they are news. Our attention is worth trillions!
Crypto gets it and will be worth Quadrillions, But the beautiful thing is that this is all decentralized!!! https://www.webtalk.co/ray.pepito/news
Tim (T) is a crypto fanatic diving headfirst into Crypto when Bees.Social launched and founded BeeSocialTV.com originally exploring the space for his college sons the addiction set in fast.  Now NFTs are rapidly changing the game and it has become an all-consuming PASSION. connect https://www.webtalk.co/tim.judge/news

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