'An Introduction to Collector DAOs' by xdaoapp blockchain daos
Collector DAO is a type of DAO that collects, sells, and issues NFTs. As NFTs have grown in popularity and adoption, they have become a large part of the crypto investment landscape. The main goal for Collector DAOs is, as the name suggests, to acquire NFTs from chosen collections or artists.
This article will be split into two main parts. The first part will be dedicated to existing collectors to understand their mission and value. In the second part, the process of creating your own collector DAO will be described. The connection between NFTs and DAOs is a connection between two of the most popular phenomena in crypto. A DAO is a form of social organization in the digital space that helps to distribute crypto assets and NFTs are digital assets that have a large demand in the crypto community. Moreover, NFTs embody values and transfer them from real life to the digital space.
Many conservative economists think that NFTs have no value, but that’s very short-sighted. NFTs mirror the demand to have something in digital space that reflects the values that are important to people and are a very handy tool for the creative economy that allows creators to easily monetize their work or famous memes, as well as make money from trading them. Any painting, audio recording, video or other digital art can be easily tokenized in the form of an NFT.
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