DAO for Governance and sub-DAOs for Learners
DAOs are important for RedCat Multiverse for governance but beyond that, we believe that players will form sub-DAOs that will focus on a single area of skill mastery effort. We envision seeing Critical Thinking DAOs, Leadership DAOs or Negotiation DAOs formed within the RedCat Multiverse. These sub-DAOs will help to determine specific areas for learners and will encourage Multiverse development to scale the game as such.
Conceptually, DAOs are merely one more way for human beings to organize and coordinate with each other. Vitalik Buterin, co-founder of the Ethereum blockchain, defines DAO as “an entity that lives on the internet and exists autonomously, but also heavily relies on hiring individuals to perform certain tasks that the automaton itself cannot do.” DAOs have also been defined as “non-hierarchical organizations that perform and record routine tasks on a peer-to-peer, cryptographically secure, public network, and rely on the voluntary contributions of their internal stakeholders to operate, manage, and evolve the organization through a democratic consultation process.”
DAOs are still a relatively nascent and fluid concept with no definitive notion of what exactly constitutes a DAO. However, as the name and the definitions above suggest, DAOs are characterized by their ‘decentralized’ and ‘autonomous’ attributes. While the extent of decentralization and autonomy varies from case to case, it is important to understand how DAOs typically operate in comparison to traditional corporations to better understand these defining attributes.