Signalclout #44: The Rise of DAOs
Spent the week exploring DAO tooling and came out scratching my head!
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Welcome to the 44th issue of the Signalclout newsletter.
The word DAO is being thrown around all over the place.
People are intrigued as to how they will function and operate. The regulation around them is very murky. However, with the passing of Biden's executive order, I think it was bullish for the entire industry.
In issue #38, I spoke about how $DESO was implementing DAO coins and made it very straightforward to spin up your entity.
Since then, the space has exploded in the number of tools and investor interest. Every week I see new tools launch, and I wonder whether we are still too early in the back of my mind.
This week, I played with several of the tools as we are spinning up a DAO for a new project, and it was a lot of fun. However, most of the tools lacked proper UX and had me scratching my head.
This issue will discuss a few interesting tools I found in my research.
🌱 The DAO Stack
So you want to start a DAO. While there are many steps in the process, I will cover the high-level steps that I took and some of the tools that I explored along the way.