{"id":12689,"date":"2022-05-04T01:15:14","date_gmt":"2022-05-04T01:15:14","guid":{"rendered":"https:\/\/thebluemanakin.com\/blog\/dao-the-new-trend-in-the-nft-marketplace\/"},"modified":"2022-08-03T13:59:47","modified_gmt":"2022-08-03T13:59:47","slug":"dao-the-new-trend-in-the-nft-marketplace","status":"publish","type":"post","link":"https:\/\/thebluemanakin.com\/en\/blog\/dao-the-new-trend-in-the-nft-marketplace\/","title":{"rendered":"DAO, the new trend in the NFT marketplace"},"content":{"rendered":"

Within the crypto market, NFTs<\/strong> have shown in a very short time to be assets with a potential far beyond simple entertainment and collecting in a market that reached $41 billion at the end of 2021 alone, innovation is a critical piece in the survival and success of non-fungible tokens.<\/p>

One of the new trends in NFT innovation<\/strong> is the adoption of Decentralized Autonomous Organization (DAO) models which are automated governance mechanisms in an NFT project that provide autonomy and the ability to be regulated by its members, but also drive the growth of new NFT trading trends, <\/strong>such as markets in the metaverse or the Play-to-Earn games.<\/a><\/strong><\/p>

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As its acronym indicates, it is a Decentralized Autonomous Organization, this is easy to explain since its self-regulation is carried out from the programming itself. That is, the programming stipulated in the Smart Contract<\/a><\/strong> of this new collection.<\/p>

DAOs make possible the capacity for individuals belonging to an NFT project to use their participation to be a part of a trusted environment and regulate the project itself.<\/p>

It is a democratic development that ends with the hierarchical system, automating and providing determination to all participants, who contribute to the management of the DAO.\n\n<\/p>

There are different classes of DAO and they are divided into the following categories:<\/p>