This week’s Defiant Podcast is from a dialog I had with Alex Zhang on the Unfinished Reside convention. Alex is the mayor of Pal with Advantages, or FWB, a distinguished DAO of creatives.

Associates with Advantages began as an experiment when its founder minted and airdropped the FWB token to an early neighborhood.  FWB holders gained entry to personal discussion groups on Discord.  From there, it developed right into a neighborhood of hundreds of members, reside occasions and even proprietary software program.  Alex explains the evolution and development of Associates with Advantages. 

A typical criticism of Web3 is that it over-financializes communities and social media. To hitch Associates with Advantages, a consumer should maintain 75 FWB of their Ethereum pockets.   At its peak, membership would have set you again $14,000. At present costs, it prices roughly $600, which might nonetheless be thought-about a prohibitive value for most individuals. Alex shares his ideas on this exclusionary function of Web3. 

Prior to now two years, we’ve seen a growth in Web3 communities sprouting from DeFi, DAOs, and NFTs.   As we’re nonetheless in an experimental part on this regard, which means there are not any strict guidelines and practices, we focus on how Alex finds working a DAO on this atmosphere, given the much less hierarchical and structureless nature present in Web3 communities. 

🙏 Thanking our podcast sponsors:

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