Why PUNK Master believes that DAOs are the future

Why PUNK Master believes that DAOs are the future

Will decentralized autonomous organizations (DAOs) be the way we will execute the collective efforts of the future? Entrepreneur Yury Serdich believes he does and is on a mission to help more people use them. “DAOs are the next big form of organization,” Serdich predicts as he launches PUNK master to improve public access to them.

For the uninitiated, DAOs are blockchain-encoded smart contracts that govern how a group of people organize and make decisions. They provide a means for people to come together, whether they know each other or not, to pursue collective goals in a way that automatically follows the processes agreed upon at the outset. There is no need for a manager or administrator to be involved, nor do the hierarchical structures that most organizations employ.

Think of a community in a local neighborhood, say, where each resident invests money in an organization to pay for future improvements to the environment or local infrastructure. They could use a DAO to define the terms of how decisions about potential spending projects will be made, and to manage that process as each project comes up.

Or consider the maker economy, where innovators are increasingly looking beyond venture capital and other traditional investors to raise money for new ideas. A DAO could be the medium through which they work with a diverse group of people.

“DAOs will be ideal for all kinds of organizations,” says Serdich. “They can work very well for non-commercial groups and for any community where people make decisions about what to do next.”

So far so good, but there is a problem. Setting up a DAO, properly encrypted on a blockchain, requires more technical expertise than most people possess. That’s where the PUNK master comes in, says Serdich. It is effectively a tool to configure your own DAO even if you don’t have any coding knowledge. Serdich says that the platform’s interface will allow users to get their DAO up and running in just 20 minutes.

Professionalizing DAOs in this way could help give the structures the legitimacy they need. The highest-profile DAO released to date, known simply as The Dao, raised $150 million in 2016 only to be attacked by hackers who stole a portion of the cash. That undermined confidence in the concept and slowed its development.

Communities should not be discouraged, Serdich argues. “DAOs are going to be really valuable to a wide range of groups,” she says. “They provide an easy way for each member of the group to present a proposal to everyone else.” PUNK master will operate for free for those with fewer than 500 members, she explains, while charging fees to larger organizations.

It’s a leap of faith, Serdich admits, though he believes the project will be socially useful even if it doesn’t become a huge commercial success.

Still, the businessman has a track record that suggests he can become a PUNK master. At just 26 years old, he has already been running startups and scale-ups for nine years, primarily in the crypto and blockchain space. Successful ventures have included one of Europe’s top e-sports leagues and a Telegram Messenger marketing agency that works with brands like Volvo and IBM.

Most recently, Serdich curated the TON Punks NFT collection and commissioned artists to create over 5,000 pixel art images on the TON blockchain. TON Punks quickly developed something of a cult following and the project earned Serdich around $1.5 million, cash which he is now investing in PUNK master.

Furthermore, although Serdich is particularly proud of PUNK master’s DAO offering, the company is also looking at other projects. These include Cryptonight City, a service created to provide advisory and consulting services for people interested in collecting or curing NFTs, and Punk City, a metaverse company that offers users the opportunity to build business models that are not simply dependent on each More and more people join. up.

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