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Introduction:
Discover how Stargaze’s NFT DAOs revolutionize the way NFT collections are managed, allowing stakeholders to vote on proposals, manage treasuries, and create new collections.
Creating an NFT DAO with Stargaze and the Clowns 9,000 Collection
With Stargaze’s innovative platform, NFT collections can now form decentralized autonomous organizations (DAOs). Let’s take the Clowns 9,000 collection as an example. To create an NFT DAO, simply choose the Clowns 9,000 collection and obtain its address from the URL. Set the unstaking period for staked NFTs, such as a year in this case. This marks the beginning of a new era where NFT holders have a say in the governance and decision-making of their favorite collections.
Voting on Proposals: Empowering the Community
Once an NFT DAO is formed, stakeholders can vote on proposals that shape the future of the collection. A proposal typically takes one month to pass, allowing ample time for discussion and deliberation. Proposal deposits serve as a mechanism to prevent spam and incentivize thoughtful proposals. Depending on the options chosen, proposal deposits can be refunded. However, it’s worth noting that the Clown’s treasury retains the stars if a proposal is made in the Clowns DAO, ensuring the treasury’s sustainability.
Unlocking the DAO’s Potential: Thresholds and Quorum
The DAO becomes active when 69% of the total staked NFTs are reached. It is advisable to have a high threshold or a significant number of stake NFTs before sending funds to the DAO. Proposal passage requires a passing threshold of 50%, ensuring that decisions are supported by a substantial majority. Quorum, set at 33%, guarantees active participation from the community. If over 50% quorum is reached, a proposal can be forced to pass early, expediting the decision-making process.
Enhancing Decision-Making: Multiple Choice Proposals
Stargaze NFT DAOs introduce multiple choice proposals, allowing for greater flexibility and diversity in decision-making. This feature empowers stakeholders to choose from different options and actions, ensuring that the collective voice of the community is effectively represented. Remember, once a vote is submitted, it cannot be changed, so careful consideration is essential. With Stargaze’s NFT DAOs, decision-making is more transparent, inclusive, and democratic.
Managing Treasury Funds and Creating Collections
Stargaze NFT DAOs not only enable voting on proposals but also facilitate the creation and management of treasury funds. The treasury can receive funds from collections created by the DAO, ensuring the sustainability and growth of the community. DAO members can stake their tokens in the treasury, contributing to the collective wealth and strengthening the ecosystem. The Clown 9,000 official canonical collection, for instance, is created through the staking of Clown NFTs in the DAO for a year.
Blockchain Governance and Clown’s Treasury
Stargaze NFT DAOs extend beyond the platform itself. By staking Stars, stakeholders can participate in blockchain governance not only on Stargaze but also on Osmosis and Juno. This broader participation allows for a more comprehensive and impactful decision-making process. Furthermore, stakeholders can submit formal DAO proposals to secure funding for the Clown’s Treasury, thus further boosting the Clown’s collection and its long-term viability.
Conclusion:
Stargaze NFT DAOs empower NFT holders to actively participate in the governance and decision-making of their favorite collections. By creating DAOs, voting on proposals, managing treasuries, and creating new collections, stakeholders can shape the future of the NFT ecosystem. With transparency, inclusivity, and innovative features like multiple choice proposals, Stargaze NFT DAOs pave the way for a more decentralized and community-driven NFT landscape.
