The ShapeShift DAO has launched three completely different revenue-generating projects in the past four weeks!!!
This weekly newsletter is about to reveal all the details on those events and share our pure excitement with the fellow web3 family 🙏✨
ShapeShift DAO is excited to announce its participation in ETHDenver 2022 in collaboration with SPORKDAO. The 2022 ETH Denver is the inaugural congregation of SPORKDAO (formerly ETH Denver Centralized), ShapeShift DAO, and other DAOs formed this past year.
ShapeShift plans to raise $100,000 for Coin Center by hosting an exclusive party with a few VIP guests of honor who have founded or significantly contributed to the Colorado crypto ecosystem, including Erik Voorhees. 😱
This event will be sponsored by the ShapeShift DAO and will cost attendees a 1 ETH donation to CoinCenter to attend.
In addition, ShapeShift will be kicking off the main event week with a 300 person pre-party with longtime ShapeShift contributors and community members.
Lastly, as an ETH Denver Meta sponsor, ShapeShit is giving away $15,000 in bounties for the hackathon, making a stand alongside SPORK DAO in supporting the growth and development of web3 builders.🤑
The partnership with TDM is the third revenue-generating event in a series of exciting developments from the ShapeShift DAO in the last month - preceded by the launch of the new v2 platform and, most recently, its participation in the Osmosis protocol as an Osmosis Validator.
This additional revenue diversification sets the DAO up better for long-term sustained success and financial stability.🌻
The latest is a partnership with Top Drawer Merch (TDM) announced on Friday. TDM will assume the creation and distribution of ShapeShift merchandise worldwide and fulfill the merchandising platform's duties.
The partnership includes a 70% affiliate revenue share - acting as an additional revenue stream for the DAO. Profits from the store will go back to the ShapeShift DAO in the form of USDC at the end of each quarter.😇
TDM has a high level of knowledge in the crypto space and can execute at the highest level for product creation, implementing crypto as payment in the store, and management of any physical products as well as NFT’s. They currently work with Badger DAO, Iota, Yearn Finance, Bored Ape Yacht Club, Gutter Cat Gang, etc.
The DAO community is quite diverse, and people from all over the globe with different ethnicities, cultures, political views and upbringing are joining in. DAOs use tokens to align each participant’s personal and financial interests that work together to benefit the DAO. The ShapeShift DAO uses the FOX token in this manner.
A DAO’s financial transactions are recorded on a blockchain. Since blockchains are transparent records of all events and can instantiate smart contract functionality, this eliminates the need to involve a third party in a financial transaction. No one can surreptitiously edit the rules because DAOs live on the transparent and public blockchain.💻
In the case of a DAO, every token holder has a say (in proportion to their token holdings) in policy and activity throughout the organization. This includes voting on various governance-related matters, including budget and how it is allocated. In the Shapeshift DAO, token holders are encouraged to provide feedback, suggestions, and amendments to the proposal. How could an organization fully function without a centralized group of people running it? 🤔 A lack of government does not mean a lack of governance — this holds true for DAOs.
