The DAO ecosystem is incredibly nascent. Even the “big names”: Gitcoin, Uniswap, FWB, have only existed for a few years, at most. The ultimate vision of DAOs promises us better ways to organize humans- from our workplaces to our social communities. But the truth is, we are just scratching the surface in discovering how to optimally structure and operate DAOs. Many processes that are more democratic, decentralized, etc. may sound good on paper, but prove to be ineffective in practice, for one reason or another. As a result, many DAOs are not serving their mission or members as effectively as they could be.
If we want to actualize the ambitious vision we have for DAOs, we must leverage collective intelligence. DAOs are experiments, and if we are not learning from those experiments, we are just making mistakes.
The Dream DAO was founded in late 2021 to train Gen Z to use web3 for good. At Dream DAO, we have taken pride in creating structures that empower our community. Over the past year, we have learned more than we could have ever imagined by building and operating an international, youth-led DAO.
This is not an explanation of Dream DAO, it is a detailed report of our governance structures and operational processes: the good, the bad, and the ugly.
By writing this report, we want to make our contributions to the collective intelligence of the DAO ecosystem. We believe that for this ecosystem to thrive, there must be more collaboration and conversation. As a DAO, we have done a lot right, but we have also made many mistakes. We want other DAOs, and future DAOs, to learn from our wins and losses.
If you participate in a DAO, we encourage you to play your part in helping this ecosystem thrive. Read this report to take inspiration from our learnings, and most importantly, share your own.
We can only move forward in this next iteration of the internet and human organization if we do it together.