What is a DAO?

A decentralized autonomous organization (DAO) is an independent organization governed by rules embedded in computer programs, often known as smart contracts. DAOs are decentralized, which means they exist and operate inside a blockchain ecosystem. Individuals (who may not know each other) can utilize DAOs to interact and organize themselves in a trustworthy environment, share beliefs, and regulate an organization by using the internet as a medium. DAOs eliminate organizational hierarchy by allowing everyone to engage, vote on operational choices, and contribute to DAO management.

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Traditional NFT Marketplace

In a traditional NFT marketplace, even though the users have their voices heard, they won’t have a say in the platform's updates, maintenance and other decisions. Down below are more such limitations associated with traditional NFT marketplaces.

Deciding power

Deciding power

The platform owner takes all platform decisions, leaving users no power over the decisions established regarding the platform.

Updates and Changes

Updates and Changes

In a traditional NFT marketplace, the users don't have a say in the updates and changes based on their user experience. Only the marketplace owner has it.

Transparency

Transparency

The users are not provided complete transparency of data in the platform as they are unaware of the inner workings, updates and changes.

DAO Enabled NFT Marketplace

Our DAO-enabled NFT platform will remove the major drawbacks of traditional NFT marketplace and provide the users full authority concerning all the decisions taken on the platform.

Voting

Voting

Giving the community autonomy and voting power over all platform-related decisions engages them to understand the platform to its best.

Updates

Updates

When the platform needs updates and changes, the users have the right to vote and choose them based common consensus.

Transparency

Transparency

Since the users actively take part in the changes and modifications, the platform becomes transparent and trustworthy.

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Benefits of DAO-enabled NFT Platform

Our DAO-enabled NFT Marketplace Platform offers a decision-making model for platform users. It acts similar to an NFT marketplace but reflects the difference in its governance model and ownership policies.

Decentralization

Decentralization

A decentralized trading platform gives traders entire control over their platform-related actions, and no central authority has power over the platform's decisions.

Auditing

Auditing

Members of the decentralized community have the authority to perform NFT marketplace auditing tasks such as modifying policies, features, and future upgrades.

Stake and Earn

Stake and Earn

NFT traders can earn extra money by staking their NFTs or native tokens. Staking also helps to increase the platform's liquidity.

Events and promotions

Events and promotions

You can allow users to engage in DAO NFT platform activities such as sales, launches, and promotional events for NFT projects listed on the NFT marketplace.

Voting Power

Voting Power

DAO is entirely community-based platform and users of the platform are the ultimate decision-makers and can express their views by voting for modifications if any.

Yield Farming

Yield Farming

Within a DAO-enabled NFT marketplace, NFT traders can yield farm based on their choice of tokens to earn extra rewards and higher interests.

Why you should embrace DAO technology?

DAO has helped businesses and organizations with the collective power to run transparent business operations and automate the process by which organizations change and adapt to users’ needs. The major benefits you could harness are;

Recent Spike in the Governance Token Usage

497.8k

As of January 2022, 497.8k of the 1.7M governance token holders are active voters. The number of governance token holders increased by 381.9k, and the active voters and proposal producers increased by 93k.

Impressive Increase in the number of DAO projects

$100m

According to a report about 65 DAOs governance models had a treasury of more than $1 million, 49 DAOs had an AUM (Assets Under Management) of more than $10 million, and 16 DAOs had an AUM of more than $100 million.

Brings in more authentic and committed Investors

1.3m

User participation in DAOs increased during 2021, with the number of DAO members reaching around 1.3 million in December 2021. From the beginning of the year, the number of DAO members has increased 130 times.

Protocols For DAO Enabled NFT Platform

Launch your first User-centric NFT Marketplace using our DAO-Enabled NFT Platform. Our DAO platform offers transparency, staking, and governance authority. You can choose various DAO protocols based on the type of business model or NFT marketplace.

Operating Systems

Operating Systems

A standalone platform that assists businesses in creating and establishing their own DAOs.

Protocol DAOs

Protocol DAOs

Voting systems are used to implement protocol change decisions and modifications.

Investment DAOs

Investment DAOs

Supports various DeFi projects, pooling and investing processes attracting valuable investors.

Service DAOs

Service DAOs

Regulates and optimizes talent acquisition and search operations for businesses and individuals.

Collector DAOs

Collector DAOs

Designed to govern NFT platforms that provide fractional and complete NFT ownership.

Social DAOs

Social DAOs

Supports decentralized social networking and user engagement in the platforms

How can we help your business

Why choose us for DAO-enabled NFT platforms?

We’ll provide expertise from our experienced developers with advanced technology and every other key parameter you need to create the best DAO-enabled NFT platform. Our team will be with you through every step to provide the best features you require for your NFT platform.

Planning to launch a
DAO platform ?

Coinfactory’s Whitelabel DAO platform can help you build the perfect platform in a matter of days without compromising on quality. Our turnkey DAO platform is built with state-of-the-art technologies and audited by multiple security agencies. It is already successfully used by several DAO platforms in the market. We offer a feature-rich trader dashboard packed with all the essential features in a seamless UI with cutting-edge security features that have passed over 100+ critical security tests. Our white-label solution also gives your consumers the choice to access the wallet from several platforms and devices. The UI/UX of the model is created based on extensive study, selecting the greatest features from the top DAO platforms and adding extra layers to give customers the best experience. Do you want to test it? To obtain an online demo, get in touch with us.

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We are trusted by the world's leading brands

We are trusted by hundreds of customers ranging from tech startups to Federal agencies worldwide. Following are some notable clients who had faith in our development expertise.

nasa
Nissan
united states postal service
USGS
Adnec
Homeland Security
giti
Smart Dubai
Dubai Electricity and Water Authority (DEWA)
Ministry of Health (MOH)
JP Morgan Chase and Co
Li and Fung

FAQ

Here are some frequently answered questions about DAO enabled NFT platforms.

What perks do my users gain from the DAO-enabled NFT platform?

A DAO-enabled NFT platform offers users the following:

  • Right to review policies regarding content moderation, assets policy, and auctions.
  • Ownership of the smart contracts and digital assets (NFTs) brings autonomy 
  • Opportunity to stake their NFT and the native token in the dApp to generate rewards.
  • Complete control over their NFTs when staked or supplied to the liquidity pool.
  • Community to propose decisions and vote on important aspects of the platforms 
  • Propose any changes to the underlying governance of the NFT platform via voting.

 

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