Fracton Ventures, a leading venture capital firm focusing on decentralized finance (DeFi) and blockchain technologies, launched DAOTokyo on April 13, 2023.
The event’s goal was to accelerate the growth of decentralized autonomous organizations (DAOs) in Asia. It also aimed to promote collaboration and innovation in the blockchain ecosystem. Team NFTStudio24 attended as the media representative of ETHGlobal Tokyo to explore the DAOs of the industry.
The growth and popularity of DAOs (decentralized autonomous organizations) have been on the rise worldwide, with a significant spike in Web3 businesses adopting this decentralized and on-chain organizational structure. As a result, DAO treasuries have surpassed an all-time high of $20 billion in total value locked.
Matt Wright, the director of the decentralized community at Consensys, expressed excitement about the maturity of the DAO community. The scaling of the manifesto to Asia through DAOTokyo. The event fostered a further understanding of the problems that DAOs can solve. It also explored the new tools available for contributors, making governance more accessible.
DAOTokyo 2023 brought together industry experts, blockchain enthusiasts, investors, and DAO practitioners from across Asia and beyond. The event delivered a platform for knowledge sharing, networking, and showcasing cutting-edge DAO projects in the region.
DAOTokyo 2023 main purpose was to motivate the adoption and advancement of DAOs in Asia, which are gaining increasing traction as a novel form of decentralized governance and decision-making.
DAOs are essentially blockchain-based organizations that operate through smart contracts and enable their members to participate in decision-making processes. Vote on proposals, and contribute to the development and governance of the organization.
Fracton Ventures aimed to leverage DAOTokyo 2023 as a catalyst for driving innovation in the DAO space in Asia. The event featured keynote speeches, panel discussions, workshops, and hackathons, covering a wide range of topics related to DAOs, including governance models, token economics, community building, legal and regulatory challenges, and real-world use cases.
Innovative DAO projects
DAOTokyo 2023 provided a platform for showcasing innovative DAO projects from Asia and beyond. Encouraging collaboration and partnership opportunities among DAO practitioners and investors. Startups, developers, and entrepreneurs working on DAO-related initiatives got the opportunity to present their projects. They shared their experiences, and seek feedback and support from the community.
In addition to fostering innovation and collaboration, DAOTokyo 2023 brought awareness about the potential of DAOs in transforming various industries and sectors in Asia. It showcased real-world use cases and success stories. The event drove mainstream adoption of DAOs and their potential benefits, such as increased transparency, efficiency, and inclusivity.
In addition to the impressive speaker lineup, DAOTokyo 2023 also boasted participation and sponsorship from renowned organizations such as KORIS, Aave Grants DAO, Lens Protocol, Accenture, ConsenSys, MIDAO, and dYdX Foundations.
Overall, it was a great event to join the conversation, share insights, and be part of shaping the future of decentralized governance in the blockchain ecosystem.
