TLTR: Dear Hiveans, let’s establish a #community grounded in content and engagement. Our goal is change. Let’s build a structure of beneficial circumstances for the many and create impact for the better. We are building a community centered around applied art. Together, we create MAK DAO.
That said, here’s the long story.
The MAK DAO #whitepaper has been complete for a while. Yet, I was not ready to present it to you wondering about how to start. I felt it was good to go and the structure solid to build on and discuss, but I wanted to share a deeper understanding of this structure with you. This project is so much more than just a DAO for applied art. This project is what crypto should be used for in the first place.
Unlike many current projects, it's built solely on engagement. Amid a burgeoning bull market and a rising #NFT market for meme coins, it may seem irrational to initiate a token-based governance system that emphasizes participation and involvement over monetary investment.
However, I believe the two approaches are not mutually exclusive. I'm keen to see this concept of a circular economic solution flourish. The reason is straightforward: applying existing economic rules inevitably recreates the same winners and losers. #Cryptocurrency has strayed significantly from Satoshi's original white paper. It seems to have lost sight of its original aim: to provide everyone with access to new wealth sources and income, upsetting the existing oligarchy based on monetary wealth.
This is why Hive first drew my attention. The #Hive blockchain is a remarkable tool: it is rooted in community values, not primarily monetary gain. When I entered the blockchain world, I learned that whatever you do, value is intrinsic to its core. Considering the multitude of chains and their representation on major crypto marketplaces, it all seems to revolve around market cap, daily-weekly-yearly rates, and mass #adoption. The more popular the coin, the higher its value.
However, I see a fundamental characteristic missing in most of these coins and #tokens: where is the value proposition? We discuss yields, but on what basis? Is it merely speculation that more people will buy into a promise? Cryptocurrency can offer so much more than just a high-stakes investment opportunity.
Hive hosts highly valuable projects on its blockchain, creating a chain whose worth is intrinsic to its community and the projects it hosts. This can also increase its value in the cryptocurrency marketplaces over time. However, this should not be our main objective.
The first rule of MAK DAO is:
You cannot buy a MAK DAO Token (MDT) firsthand; you can only earn it through contribution.
So, what's new?
For developers and true Hive aficionados, this idea may not come as a big surprise. The Hive blockchain operates similarly, rewarding engagement as utilitarian value for the community.
For those who encounter the MAK DAO idea for the first time, let me quickly sum up what happened in the run-up.
The #Museum of Applied Arts, known by the acronym MAK (which stands for the German term Museum der Angewandten Kunst), in Vienna initiated an experiment on how a museum can benefit from a digitized community organized as a #DAO.
During the one-year examination of feasible structures for the DAO, the Museum recognized its central position. Its purpose and activities are rooted in a framework of centralized ownership and specific program expectations. A DAO composed of digitized audiences, #creators, #artists, and visitors should not disrupt this positioning.
However, the MAK DAO can coexist symbiotically with the Museum as a digital extension. It doesn't need a fixed location or website. Instead, it's like a swarm of interested parties who learn from and contribute to the Museum's programs and positions.
The MAK DAO White Paper outlines the concept of MAK DAO, its association with the Museum and the engagement model.
The next steps
To me, the White Paper serves as a starting point and as a work to create general understanding. Several #governance components have been established in the additional Model Design Document, shaping the structure of engagement from simple engagement points to the MAK DAO #Token.
Indeed, this entire DAO is centered around Art, specifically #appliedart, as we see it emerging in #web3. Even meme coins can be regarded as a form of applied art. MAK DAO needs to convene and initiate discussions. We need to discuss the Governance Model, but, as I initially stated (and hope you agree), we also need to discuss the content.
Where should we start? I have an idea, but I'd love to hear yours. What forms of art production or challenges should we create to encourage artists to join the DAO and participate?
This is up for discussion.
I invite you: Let's meet and start talking. Writing this paper has been a solitary task. I'm now sharing it with you and waiting for your feedback. Let's start!
(c) All pictures by me. All graphic elements by MAKDAO
Wow, that's quite a detailed and ambitious vision you have there! It's refreshing to see someone focusing on community engagement and intrinsic value rather than just monetary gains. Looking forward to seeing how MAK DAO unfolds and contributes positively to the world of applied art and blockchain!
Hi - thank you and apologies for the late reply. I was relocating and the mobile net wasn't stable enough for longer posts. I am grateful and happy that you see the intent of building on intrinsic value and would love your support in this journey.
To me the definition of DAO in this context remains fuzzy. Normally a DAO is a code than runs certain governmental actions autonomously. But here DAO is rather seen as a way to interact with the audience like a buzzword to appear fresh and modern. I didn´t read the whole white paper, but I don´t have the impression that the MAK intends to change it´s government structure. So why then call it DAO?
Dear @stayoutoftherz I really appreciate your finger on the painful truth. You are absolutely right that the museum itself will never leave its centralized structure and mindset. Their funding relies on the governmental subsidies, on the private donors who find delight in patronship and they design their program within their curatorial boundaries. So why then call it DAO? My silent question is - so why then call it MAK DAO?
We will establish a DAO for sure, one for applied art based on a foundation of engagement rather than yields, supported by the Hive blockchain infrastructure and the beauty of the Hive reward system itself. I thought a lot about why calling it MAK DAO - apart from the past project obligation that it was the MAK that tried to enter the decentralized world in the first place and then somewhat got cold feet when realizing what decentralization meant for them. I can only quote @solymi who put it very charmingly that way (quoting how I remember it): Call it MAK DAO for the beginning, the museum is there and there are some connections and obligations. And if they can't relate because they are too afraid, we will move on to another name chosen by the community and the MAK DAO will remain there written into the blockchain for ever, as a reminder of the museum's (failed) attempt.
Does that sound reasonable to you?
It does. Thanks for explaining.
In case you live in Vienna, you can come to our next meetup, to discuss things in person. Will be on the 30th. Do you speak German?
Sicher 😊 und Danke! Ich bin am 30. nur leider nicht in Wien 😔
Sind die Meet-Ups monatlich?
ja
Perfekt, ich hab jetzt die Meet Up Community auf mein waves gelegt, dann seh ich den nächsten Termin möglichst bald. Vielleicht schaffen wir ja im Juni einen Termin am 24. oder 25.6. da bin ich auch in Wien, ich halte einen Vortrag auf der Vienna Blockchain Week am 24.
Oh, spannend, werde ich mir vormerken. Hatte vor, mir einige Dinge dort anzuhören.
oh and apologies for the late answer! I really appreciate your opinion, I didn't mean to be rude.
no worries
Simply call it NOT DAO. It is impossible to make a daobased museum. Unless somebody starts that on their own.
@solymi The idea is to create a community based on applied art with or without the museum, so the community will be a DAO. The museum can participate or not, depending on what they want or need. We are not creating a DAO Museum and the attempt to create a Museum DAO has basically failed. Still we can capitalize the original idea. The MAK has given us their name and we can turn to them with projects and foster a relationship, so nothing wrong with that.
And we are still a DAO, operating on Hive.
Not being able to buy but earn through contribution brings more value right friend?
Yes friend 🙌 !
The idea came originally from the fact that any token/asset based on monetary value in the first place would trigger a long rat tail of regulatory issues within the EU.
And coming from a place of developing engagement and reward models for ecosystems in the social and educational field (I'm planning to share some insights on that in one of my blogs..) based on blockchain technology and token economic systems, I would love to see an artist ecosystem grow based on contribution, engagement and and specifically pursuing the goal to create knowledge and output within applied art in web 3. (The latter is the connection to the Museum of Applied Arts that initiated the DAO project and still has to learn to think decentrally.) I really hope that the MAK DAO will become a DAO where artists meet, discuss, post, designers, creators meet and exchange their knowledge, come together to launch projects with the help of the community. And there's the Hive blockchain to work on and get funding for projects, interact and use all the infrastructure of blogs, wallets etc.
So my hope is that we can build a smart contract that triggers a governance token whenever two NFTs created within the DAO (I call them POAPs upon their distribution principle not because of the protocol hosted on Polygon) meet in a wallet. NFTs are a vehicle but can contain art - artwork can be created in calls within the DAO to form the attractive surface of the NFTs distributed upon engagement and attendance. And to set up this system I need the help of devs and other clever people. I know it can work and I would love to see it come into life!
Wow I completely understand the whole thing now, thanks so much good buddy
Congratulations @elmirabear! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 1500 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out our last posts:
Hi! Let's start messaging privately. Join here https://ecency.com/chats
Hi! Let's start messaging privately. Join here https://ecency.com/chats
Congratulations @elmirabear! You received a personal badge!
Thank you for encouraging peace in Ukraine and helping civilians who suffer from war.
You can view your badges on your board and compare yourself to others in the Ranking
Check out our last posts:
Congratulations @elmirabear! You received a personal badge!
Thank you for encouraging peace in Ukraine and helping civilians who suffer from war.
You can view your badges on your board and compare yourself to others in the Ranking
Check out our last posts:
Congratulations @elmirabear! You received a personal badge!
Thank you for encouraging peace in Ukraine and helping civilians who suffer from war.
You can view your badges on your board and compare yourself to others in the Ranking
Check out our last posts: