Dapper Labs Took NFTs Mainstream, Now It Wants to Do the Same for DAOs

DAO’s are Hollywood

Read the original article by: Andrew Hayward here

Dapper Labs are known as the first to experiment with the Etherum ERC-721 token, better known as NFT’s. The company began in 2017 with CryptoKitties and has moved to projects such as the wildly popular NBA Top Shot, as well as developing their own Blockchain, dubbed Flowblockchain.

Today the company announced Dapper Collectives, but this time the focus is on DAO’s. To help with the development Brud, “a startup focused on community building and unique forms of storytelling.’, has been acquired by the firm. 

Dao’s or decentralized autonomous organizations are online communities built around ownership and empowerment with tokens providing the stake within the groups. The DAO can be for financial investment funds, social interactions, as well as mostly being used for Crypto projects governance. 

With their decentralized nature, many believe this innovation will throw a wrench in the corporate structure machine. That is when the technology can reach its potential because many of these projects are still early in development, & take a significant amount of crypto to be involved. 

“Dapper Labs believes that it can help streamline the process of creating, operating, and participating in DAOs, whether it’s for individual creators or established companies that see a future in decentralizing and embracing a Web3 world.” (Decrypt)

Before Dapper NFT’s were a part of a niche corner of the crypto space, now they’re one of the fastest-growing technologies in the world. This could be the beginning of DAO mania if Dapper can capture the same success they did with TopShots.