DAO-enabled marketplaces are being adopted at a wide scale by NFT platform owners. These platforms grant the decision making power to the members of the platform rather than to the authorities. The members have voting and decision making powers to bring about changes and updates in the working of the NFT marketplace. Our experts carefully design the DAO model you want for your NFT marketplace platform to serve your audience an holistic experience in trading.
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.
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.
The platform owner takes all platform decisions, leaving users no power over the decisions established regarding the platform.
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.
The users are not provided complete transparency of data in the platform as they are unaware of the inner workings, updates and changes.
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.
Giving the community autonomy and voting power over all platform-related decisions engages them to understand the platform to its best.
When the platform needs updates and changes, the users have the right to vote and choose them based common consensus.
Since the users actively take part in the changes and modifications, the platform becomes transparent and trustworthy.
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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.
A decentralized trading platform gives traders entire control over their platform-related actions, and no central authority has power over the platform's decisions.
Members of the decentralized community have the authority to perform NFT marketplace auditing tasks such as modifying policies, features, and future upgrades.
NFT traders can earn extra money by staking their NFTs or native tokens. Staking also helps to increase the platform's liquidity.
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.
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.
Within a DAO-enabled NFT marketplace, NFT traders can yield farm based on their choice of tokens to earn extra rewards and higher interests.
Our clone solutions can help you create platforms similar to popular DAO-enabled NFT platforms
Mintable gives ERC-721 NFT owners voting rights combining DAO and NFT trading. It is an NFT trading platform based on the reliable Ethereum blockchain.
Flamingo extends the decision making power of the users to even select the list of NFTs added on the platform. It allows for the fractionalization of NFTs and explores various investment options.
Maxity operates on the "NFTs For Charity" principle. Users have the right to choose the charities the platform should help and also build NFTs and sell them on the marketplace.
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;
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.
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.
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.
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.
A standalone platform that assists businesses in creating and establishing their own DAOs.
Voting systems are used to implement protocol change decisions and modifications.
Supports various DeFi projects, pooling and investing processes attracting valuable investors.
Regulates and optimizes talent acquisition and search operations for businesses and individuals.
Designed to govern NFT platforms that provide fractional and complete NFT ownership.
Supports decentralized social networking and user engagement in the 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.
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.
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.
Here are some frequently answered questions about DAO enabled NFT platforms.
A DAO-enabled NFT platform offers users the following:
Based on the structure of the project, the technology, the objective of the project, your business can choose a DAO structure from the following major categories:
The DAO-enabled NFT models can improve your marketplace with various governance options presented to the users. The governance and voting process in a Decentralized Autonomous Organization (DAO) model has three stages: Proposals, Voting, and Results. The voting result is the final decision made on the platform. DAO welcomes all community members to participate and thereby promotes uniformity.
The DAO platform for NFTs offers numerous income, incentives, and reward opportunities for NFT users. The rewards are in the form of NFT staking, which allows NFT holders to earn passive income. Users can unlock their NFTs and stake them into liquidity pools. They can do this without having to transfer NFT ownership rights. This is just an example of one of the reward systems. We can incorporate various incentives upon discussion.
We can give you a concise answer to your question concisely by discussing your needs and customizations. This is because the duration depends on your needs for your DAO-enabled NFT platform.