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web3 is moving sideway, Bitcoin ordinals are continually picking up steam, how to find DAO leadership, the launch of the Quest Protocol and 3 new loyalty products.
Tons happened in web3 last week. Here are three highlights:
This week’s dose of web3 is a holistic kickoff into 2023 ↓
a twitter thread¹
worthy reads²
1. Finding the right Leadership for your DAO
“…To apply this framework, you’ll need a special kind of org. One that isn’t afraid of migrating leadership when conditions evolve. That means the run of the mill “DAO CEO” won’t do you much good here, as every individual has their own strengths and weaknesses. As such, this framework is best used when combined with solid governance and community operations. You’ll need to be clear as day when shifting gears as the moment calls for it, and some of your most established contributors may even be against the new path you’re embarking on. The X axis represents the resources that are under your control, and the Y axis represents the delta of change in conditions that are outside of it, we can interpret the correlation of these two variables to determine the ‘north star’ your organization should pursue … The goal of this graph isn’t to limit your options or say the path charted here is your *only* way forward, but rather to equip you with the tools and mindset to properly justify your decisions and shine a light on the data-backed solutions you may find with your community…”
Read the full article here by @K41R0N.
2. The Quest Protocol
“…There are a few major benefits of having quests on-chain: Easier to spin up ad-hoc airdrops for protocols: Protocols no longer need to spend days to spin up airdrop opportunities for users. Treasury managers or growth managers can simply define an allowlist, select on-chain tasks, and deposit tokens into the contract for users to start earning in minutes. Faster claim process for users: Previously, users had to wait until the end of a quest to receive a reward. Now users can now instantly claim rewards for Quests directly through the quest smart contract once they have their receipt. More on-chain data means more data for analysts: Dune wizards can now create their own dashboards from every quest contract and see how quest redeemers are interacting with protocols, determining the efficiency of each quest or token distribution. More composability: The simple but powerful architecture of the Quest Protocol allows for a greenfield composability. Quest Receipts can be used for collateral in lending protocols and much more...”
Read the full article here by @rabbithole_gg.
undiscovered products³
ENS Data → look up Ethereum Name Service text records for any address in JSON.
Flaunt → enterprise loyalty management platform for a single entry point into web3.
TOKI → platform issuance based on site activity and loyalty tier programming.
Find these and all 440+ other resources on intoweb3.land ↗.
↻ a summary
Web3 continues to evolve and offer exciting new developments. From BlackRock offering ETFs in token form, to PayPal holding over $500 million in Bitcoin and Ethereum, the mainstream adoption of cryptocurrencies is on the rise. The art world is also taking notice with a major Paris art museum set to exhibit CryptoPunks and Autoglyph NFTs. New innovations are being created such as a way to track the provenance of fungible Bitcoin sats and assign non-fungible value. Tools such as ENS Data, Flaunt, and TOKI are making it easier to navigate the world of web3. The Quest Protocol is revolutionizing the way rewards are claimed by users and providing more on-chain data for analysts. In order to stay ahead, organizations must embrace change and have clear governance and community operations.
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