AIP-480: ApeCoin DAO & the Future of DAO Legitimacy

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Hi @DavidW ,

Thank you for your ideas [and the ApeCoin DAO community for the insightful discussions].

A moderator will reach out to the author to finalize the AIP Draft using the appropriate template.

  • Once the AIP Draft is confirmed by the author and meets all DAO-approved guidelines, it will receive an AIP ID number and move forward for Draft Analysis Review.
  • @DavidW please see your messages for the next steps.

Follow this Topic as further updates will be posted here in the comments. In accordance with DAO-approved guidelines, if the author does not respond within 30 days, the proposal will be automatically transferred to the Withdrawn category, and the author can re-submit the idea.

-@Facilitators

Hi ApeCoin DAO Community,

Edits have been made to this Topic by the author’s request.

You can click the Pencil icon at the top of the post to see these edits.

Follow this Topic as further updates will be posted here in the comments.

Kind Regards,

-@Facilitators

Hi ApeCoin DAO Community,

Edits have been made to this Topic at the author’s request.

You can click the Pencil icon at the top of the post to see these edits.

Follow this Topic as further updates will be posted here in the comments.

Kind Regards,

-@Facilitators

Hi ApeCoin DAO Community,

@DavidW has completed editing their AIP Idea to be their AIP Draft.

This proposal has been assigned the AIP ID Number 480.

Follow this Topic as further updates will be posted here in the comments.

Kind Regards,

-@Facilitators

Hi ApeCoin DAO Community,

Our team has reviewed and discussed @DavidW 's AIP Draft and have sent a list of initial questions. We await answers.

Follow this Topic as further updates will be posted here in the comments.

Kind Regards,

-@Facilitators

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It would be good to get blockchain clubs to form delegations. I know Arbitrum has delegations from Princeton and Bristol Universities.

Also what do you mean by the title “Future of DAO Legitimacy”. What is your understanding of using the word Legitimacy?

Thanks

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Hi bigbull,

I’ve been working with Kara and the RTM team on answering the questions that the GwG sent to us, and we’re almost done with that - just formatting the answers. To answer your specific question, to me, legitimacy carries with it the idea, held by influential, international members of financial, governmental, academic, legal and business administrations that something is important, should be studied, better understood, and implemented (judiciously).

DAOs are a very new form of organizational structure that, so far, have yielded relatively few tangible results outside a very specific and narrow ecosystem of crowdfunding and governing, often in a de facto centralized manner, crypto and web3 projects, often for individual financial gain. While blockchain, and, to a lesser extent, Bitcoin, are being accepted as “legitimate”, particularly with the large capital inflows to the US ETFs, DAOs are relatively unexplored.

Having a significantly large treasury of crypto does not guarantee that international bodies will show interest in DAOs. Currently, I believe only three US states allow for a DAO corporation, and many DAOs choose to incorporate as a traditional LLC (as I believe ApeCoin does) in either Delaware or a tax haven such as the Seychelles or Cayman Islands. The whole area of DAO studies is nascent and is not taken particularly seriously by those outside Web3.

I see this as a great opportunity for ApeCoin DAO. As you mentioned, many universities have blockchain clubs, but DAOs are still not widely known because, while there are thousands of them, their social and interpersonal impacts, results, effectiveness as a form of business or public goods organization, sustainability, governance, and ability to overcome the free rider problem (among many other issues) have not seriously been studied with much rigor. Blogposts, Mirror articles, and Twitter spaces, sure, but little academic rigor.

This is where I think our project comes in - to bring academic rigor to studies of ApeCoin DAO and the DAO space in general (and metaverse space), working hand in hand with members of the DAO, and to publish in peer-reviewed journals with reasonably high impact factors. This will open ApeCoin DAO up to entirely new, influential, international members of the financial, governmental, academic, legal and business administrations, hopefully demonstrating that DAOs are important, should be studied, better understood, and implemented (widely).

I personally envision that within the next 5-10 years, most large multinational corporations will integrate DAO structures as spin-offs, replicating democratized start-ups, as part of their organizational structures. I think that whichever organization is pioneering the actual careful, rigorous, documented studies of DAOs will prosper and become a well-known name, the way that Toyota integrated W. Edward Deming’s ideas of TQM into their forward-looking technologies to create their management system, which they market to companies internationally.

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