It's all about the DAO - interview with Jordan Gray of NEAR Foundation

Everything you wanted to know about DAOs but were afraid to ask ... Jillian Godsil interviews Jordan Gray from NEAR

Another really crucial part of the community aspect to Web3 are DAOs or Decentralised Autonomous Organisations.

“I like to break DAOs to their constituent parts,” says Gray. “Decentralised can mean the people are geographically disbursed or indeed the work is. There is not one person at the top telling everyone what to do – the work is collaborative or like a co-op.”

When it comes to the autonomous portion, this is akin to the royalty split mentioned before at Codame.

“Even decision making can be automated thereby eliminating boring or repetitive tasks. And unlike companies like Uber or Lift where automation is key to the success of the company, the rewards are spread evenly amongst the participants.”

Tune in to hear more.

Your host is Jillian Godsil, award winning journalist, broadcaster and author. Her latest book can be found at https://persons-of-interest.io/