Welcome! The world of web3 can be a confusing place for newcomers. Perhaps you’ve heard of blockchain, cryptocurrencies, NFTs, DeFi or DAOs? Maybe you’re someone wanting to explore how these new technologies can inspire a new way of creating positive social change. And maybe you’ve been interested in how you can participate? If so, you’re in the right place.
This guide will help you get started if you don’t have a lot of familiarity with web3. Let’s start from the beginning and tell you the top concepts you will need to be familiar with in order to navigate this new territory.
Contents
A long but excellent conversation on why web3 matters, where it came from and different ways it might affect our future
A decentralized autonomous organization (DAO) is a group organized around a mission that coordinates through a shared set of rules enforced on a blockchain.
One of the main benefits of a DAO is that they are more transparent than traditional companies since all actions and funding in the DAO are viewable by anyone. This significantly reduces the risk of corruption and censorship. Publicly traded companies must provide independently audited financial statements, but shareholders only get to see the financial health of the organization at a snapshot in time. Since a DAO's balance sheet exists on a public blockchain, it is completely transparent at all times, down to every single transaction.
Source: Linda Xie (link below)
A beginner's guide to DAOs - Mirror
DAOs & Creators: Resources to Get Started Today - Mirror