Welcome to the Soonaverse

You’ve probably been hearing a lot about Decentralized Autonomous Organizations (DAOs) lately. Some members of the IOTA Foundation have added “DAO” to their usernames, there’s a DAO Pioneers group that regularly meets, and we’ll soon have IOTA Community Treasury, Shimmer, and Assembly DAOs.

DAOs and Their Importance

What is a DAO and why are they so important? The best definition we’ve seen comes from Cooper Turley and that’s “an internet community with a shared bank account.” DAOs are a framework on which a new era of internet communities can be built. This framework includes digital tools to manage membership, governance, rewards, reputation, and the treasury for an organization that can run efficiently without legally binding nation-state contracts.

This new coordination mechanism is only possible through the advent of distributed ledger technologies. A layer of trust can now be removed and people from around the globe who have never met in the physical world can work together towards a common goal. This is revolutionary and will give rise to new organizations that reward all contributors with tokens, so everybody shares in the upside as the product/service gains in popularity.

Now the obvious question is, “How are all of these new DAOs we keep hearing about going to get set up and operate on the IOTA protocol?”

That’s where the Soonaverse comes in.

Our Platform

The Soonaverse is a decentralized platform for communities, enabling the seamless creation, management, and interoperability of DAOs, projects, and groups.

We provide all of the tools needed for a DAO to operate to its fullest potential. Here are some key terms: