DAODAO can be the next Social Network

Many believe that 2022 will be “the year of the DAO.” But what if it was also the year of decentralized social media? DAOs are inherently social mechanisms, more so than purely financial apps or NFTs. As such, a budding area of crypto known as Decentralized Social or “DeSo” is starting to emerge.

Still trying to figure out what a DAO is? Check out this blog post which breaks it down in simple terms.

At the forefront of this trend is DAODAO, a platform launching in May that claims to make creating a DAO as easy as setting up an Instagram account. Led by crypto veteran Nader Al-Naji, DAODAO is pioneering unique social features that could be crypto’s first real attack on the traditional social media space.

DAODAO allows users to “follow” people and DAOs, and to create social content within each DAO similar to a “subreddit.” Investors in DAOs on DAODAO get coins that they can trade on the secondary market, but these coins can also be used to govern the treasury of the DAO with social voting features built natively into the platform.

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy