DAOs x Ideamarket
DAOs combine financial and social capital.
This gives them at least 2 unique ways to use Ideamarket:
1. Simultaneously advance your cause, and make money
DAOs can simultaneously advance their cause, and make money by making a post on Ideamarket, getting all their members to rate it, and promoting it for others to rate.
The NFT bull cycle showed it’s pretty easy for a DAO to get together and promote an idea. When that idea is an NFT that earns them fees, it also becomes an income stream. Examples:
A crypto lobbyist DAO could co-own and promote a post saying “Sanctioning TornadoCash was a bad idea”
A DeSci DAO could post “Vitamin C cures 85% of cancers, according to this Fitbit data on Arweave”
A crypto journalism DAO could post “Actually, proof-of-work energy consumption isn’t a big deal and here’s why”
2. Instantly create new DAOs based on shared beliefs
Using a tool like KaratDAO, you can airdrop tokens to wallets you pre-qualify based on their on-chain attributes.
Since Ideamarket puts personal beliefs on-chain, you will be able to airdrop DAO governance tokens to people who agree with you — even on a tiny niche topic — and instantly create a DAO with philosophically-aligned members.
Pretty cool, right?
In case you missed it:
It’s been 24 hours since the new product beta went live quietly to our community, and virtually everyone who has made posts has earned rating fees.
Try it out: https://ideamarket.io
Here’s the minimum-viable onboarding I’ll ask you to do in advance of launch day next week (stay tuned for the date):
[If you’ve never used Arbitrum, here’s our Easy Setup guide. Takes like 2 minutes if you already have Metamask.]
Set up your profile with username, photo, and bio (please use something recognizable so people know it’s you)
Connect Twitter (just a sign-in, no tweet required)
Rate 5 posts that interest you. (If ~$10 worth of gas fees is a hardship, reply to this email with a link to your profile — Ex: https://ideamarket.io/u/username — and I’ll reimburse you straight to your wallet.)
Cheers,
—Mike 😊