DAO Masters (2024)

Public

Investing

Multi-feature Platform

Recruiting

Contribution & Compensation

Governance & voting

Knowledge Management

Marketing

Community Management

Token Gating

Treasury Management

Fundraising

Token Creation

Helps DAOs verify ownership of digital assets on Discord for token-gated channels and roles

Founder(s):

Abridged.io

,

,

This post was written by

Sean McCaffery

and edited by

Justine Humenansky

&

Overview

What is it?

Collab.Land is a Discord bot that manages token-gated channels and roles.

It includes functionality to:

  • Verify whether a user owns a given digital asset (ERC token) necessary to enter a given channel or have a certain role, and if they do, give them access.
  • Automatically kick a user out of a gated channel or role if they sell or otherwise get rid of the token required to be in it.
  • Tip other users within a server.

What problem does it solve?

Managing a community of thousands of people is challenging. Having to manually manage roles and channel access is a massive amount of work.

Collab.Land allows community managers to leverage digital assets to programmatically manage permissioning for channels and roles, resulting in a scalable and highly configurable solution to these challenges.

How does it work?

Collab.Land uses signed messages to link a Discord account to an Ethereum address, verifying that the Discord user owns the account that they say they do.

Once a user is verified as owning the required digital asset(s) for roles and channels within a discord, Collab.Land automatically grants them access.

Collab.Land constantly checks whether the account that a user is linked to still owns the required digital asset for a gated role or channel, and if that ceases to be the case (the asset was sold or otherwise sent away from the address) those permissions are revoked.

How do I use it?

DAO Masters Insights

Why it's cool:

One of the superpowers of digital assets is the ability to use them as programmable identities. Collab.Land enables real communities to utilize this ability in a scalable and automated way!

Challenges:

Collab.Land still requires some technical knowledge to set up (as opposed to entirely click-and-drag operated tools), so it may take some trial and error to get it up and running.

Words of advice:

Use templates! Find examples of how others have set up their Collab.Land bots before and try to replicate/get the basic functionality working before trying to customize yours.

Expected future updates:

Getting Started

Watch Collab.Land’s tutorials on setting it up

Try spinning up a test server of your own and gating a channel on ownership of a digital asset of yours!

Use Collab.Land to verify your Profile Picture (PFP)

A special thanks to the backers who made DAO Masters possible,

and to the $DAOMSTR Guild Members who worked dilligently to bring you daomasters.dyx

DAO Masters (2024)

FAQs

What is a DAO master? ›

Dao Masters is an online initiative by Daoist Master Wu Dang Chen to share his knowledge of the Daoist Healing Arts and find dedicated students.

What are DAO tools? ›

DAO tooling is the set of software, apps, and smart contracts a DAO uses to operate. Think of DAO tooling like business software or SaaS (software as a service). DAO tooling includes all products and services your DAO uses to operate.

How do I contribute to a DAO? ›

Start contributing

How much you can contribute depends on your skillset and how much time you have: If you have 0-5 hours a week: Participate in community conversations, share useful links and memes, and promote the DAO on social media. If you have 5-10 hours a week: Join one of the DAO's core teams or projects.

What is a DAO Treasury? ›

The DAO treasury is the pool of funds for the continuous growth and development of the organization. Members of the DAO could rely on the specified governance mechanisms for determining the allocation of the DAO treasury funds. Learn how to build smart contracts with Solidity.

Can I make a living with DAO? ›

Today, it is possible to earn a living working for a DAO or across multiple DAOs, with some earning as much as $300,000 a year in 2021. A survey of 422 DAO members conducted by Gitcoin and Bankless showed that half of the respondents were able to earn a living from working in one or more DAOs.

Does DAO believe in god? ›

The Tao Te Ching and other Taoist books provide guides for behavior and spiritual ways of living in harmony with this energy. However, Taoists do not believe in this energy as a god. Rather, there are gods as part of the Taoist beliefs, often introduced from the various cultures found in the region known now as China.

What are the disadvantages of DAO? ›

The downside, the inability to react quickly to code bugs makes DAOs very vulnerable to attacks by hackers who can exploit vulnerabilities and security and manage crypto funds. In addition, there are also concerns about whether or not DAO can be run in the real world.

Who controls a DAO crypto? ›

A DAO, or “Decentralized Autonomous Organization,” is a community-led entity with no central authority. It is fully autonomous and transparent: smart contracts lay the foundational rules, execute the agreed upon decisions, and at any point, proposals, voting, and even the very code itself can be publicly audited.

Which DAO is the best? ›

Closely Reviewing the 8 Best Crypto DAOs
  • Tamadoge - Overall Best DAO Crypto Project Listed on OKX. ...
  • Battle Infinity - Popular Game Providing 6 Decentralized Platforms. ...
  • Lucky Block - Top Decentralized Competition Platform Offering Major Prizes. ...
  • DeFi Swap - Well-Known Decentralized Exchange with Staking Ability.
Dec 14, 2022

Does a DAO need to pay taxes? ›

Just like traditional corporations, DAOs will likely be subject to taxation. Tax experts have stated that any entity that has a group of different participants working together and dividing profits can be taxed.

Does a DAO pay taxes? ›

How are DAO payments taxed? If a DAO's blockchain address sends you crypto in exchange for goods or services, those assets are taxed as income in the country/state in which the sale was made or the work was performed.

How much does it cost to start DAO? ›

How much does it cost to form a DAO? ○ The initial filing fee is $100. An annual report is due every year thereafter; the fee for which is a minimum of $60.

What is a DAO person? ›

Introduction to Daoism. The Chinese word dao means a way or a path. Confucians used the term dao to speak of the way human beings ought to behave in society. In other words, dao, for them, was an ethical or moral way.

Do DAO creators make money? ›

Typically, a DAO makes money through dividends from investments made by the organization. People who are starting a DAO can also earn money by convincing others to invest in them individually based on their business idea.

What is a DAO job? ›

DAOs are autonomous and governed by smart contracts. DAO in simple terms: A group of people can come together and work while being governed by smart contracts. While the work itself is not automated, the decision-making process is completely decentralized and governed by the people who're working on it.

What does it mean to work for a DAO? ›

A DAO, or “Decentralized Autonomous Organization,” is a community-led entity with no central authority. It is fully autonomous and transparent: smart contracts lay the foundational rules, execute the agreed upon decisions, and at any point, proposals, voting, and even the very code itself can be publicly audited.

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