'DAOs Require True Dedication from Users to Be Successful: Unhashed 25' by musharrafff nft dao
Q1. Welcome to Unhashed. What’s your crypto story and what led you to work on CXIP Labs?
Answer: This is a crucial proposition. Owning smart contracts is an extension of how crypto shifted the true ownership of digital assets to the users’ hands. With crypto, banks or investment vehicles are no longer needed to provide safe custody of our money. Similarly, it is only fair that the smart contracts themselves are owned completely by the creators.**
Answer: For now, the community has done a great job of self-policing and the collective moral high ground has kept the NFT market, relative to what we’ve seen in DeFi, away from any major unlawful activity. However, there exists a prominent need for security measures and provenance authentication in the NFT market.
Q4. How does CXIP Labs intend to provide a universal minting process and standard for NFTs? Is that a viable aim considering it can be a single point of failure upon mass adoption? Q5. Please share your thoughts on DAOs and their potential in democratizing marketplaces while stressing on the feasibility of DAO-styled governance.
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