Web 3, nature conservacy, crypto-somthing, blockchain? So this organization appears to be buying land to then put in the hands of stewardship organizations. One of the places being bought under this scheme is Traditional Dream Factory.
Their plans and ideas seem sound, I just don’t understand the crypto part and tokens and what these are supposed to accomplish as opposed to something like traditional shares or just write everything down on a piece of paper?
Is crypto ultimately just an ultra complex way of record keeping here?
I would really appreciate your opinions. In terms of activities and spaces, a lot of the TDF setup is very close to what we would like to build, so I try to study and understand different ways people organize such projects.
I won’t read their paper because every kind of DAO is the same in the end so I can generalize it.
They probably use a DAO form to raise money from people giving them back a token that allows them a form of digital ownership. Basically is what an association or a cooperative can do but if they do not actually build that coop or org it just stays a useless token in front of the law. Are they conscious of it? Who knows. Is it good? Ehhh, only if the people behind it are actually iron willed and will keep the mission in front of earnings because, as I said, legally the ownership is on them and not on all the token owners.
I’d avoid it. There are a lot of ways to pay associations to plant trees or ensure wildlife while also not feeding a bullshit machine :)