💪 Operating DAOs With Ease
How Upstream Collectives allows easy set-up and operation of a DAO
Today's Highlights
- Upstream Collectives - making the creation of DAOs easy
- This Week On BuzzBelow - a recap on this week's topics.
- In Other News - a few interesting developments we're tracking.
Upstream Collectives - making the creation of DAOs easy
Upstream Collectives is a multi-feature platform that enables the set-up and operation of a DAO or any self-governed community, which it calls a “Collective”.
DAOs are undeniably catching hold in the crypto world, enabling people to come together and buy expensive NFTs. But they remain difficult to set up and fragmented across multiple decentralized services. Voting is done via snapshot, governance via Aragon, communication via Discord channels and smart contract interactions by hand. It’s disorganized.
That’s why Upstream, a company focused on networking and live events, is launching an all-in-one DAO offering: Upstream Collective. It lets anyone launch a DAO by issuing tokens. These tokens can then be used to create proposals and vote on them. If a proposal passes, the proposed actions will be automatically carried out on-chain. Participants won’t even need to know how to code.
While the DAO will provide these services, it won't custody tokens. So participants in the DAO will need to use their own Ethereum wallets to store the tokens and sign transactions.
Upstream is hoping to create a middle ground to make the complex crypto worlds accessible and usable.
Upstream has raised a total of $16M in funding. Alexander Taub and Michael Schonfeld are the co-founders of Upstream.
This Week on BuzzBelow
Srijan Bijjam
Srijan Bijjam
Sukanya Ganesh
Srijan Bijjam
In Other News
Arijit Sarkar
