<aside> 🌀 Cherie: my general feedback is that the abstract for the piece is in a really really strong place, in a way that is not reflected in some parts of the document as a whole. there are some sections that i think can be tightened up significantly to make sure you keep focusing on your core argument/discussion about DAOs (as opposed to, for instance, NFTs and blockchain at large), with your abstract as a reference

Abstract:

• Intention: to reflect on 'state of music daos' (2022) and provide insights into the development and growth of the on-chain music ecosystem
• Context: 99% volume drop since all time high in March 2022; web3 music bear strategy. secondary is not growing because it needs to be a larger aggregated market and hifi data. without a health secondary market, liquidity is not possible.
• Previous viewpoint: generally positive sentiment towards daos as a panacea
• Current situation: daos are not the answer, but they raise a question
• Challenges: confusion on what constitutes a dao, lack of governance models, onchain tooling is sparse, non standardized, distributed creativity is difficult
• New approach: shift from music daos to onchain collectives, new modes of release formats, new cryptoeconomic models
• Insight: bots usage is frequent to emphasize growth as the key metric, emphasis lies more on optics than on the project's development, compromising the economic integrity of value accrual (VCs are the real customer)
• focus on interpreting how the bear market pulled back a lot of the initial momentum around DAOs and onchain music. </aside>

Start here:

This document serves as a resource for artists and artist teams who are interested in exploring on-chain capital, resourcing and development options for their intellectual property (IP) projects.

Overview of Topics:

• Update on 'state of music DAOs'
• Emerging trends from the bear market - hesitations & excitement
• How artists can source the team, financing, and tools to build a sustainable business

Reasons for DAOnturn

• Lack of regulatory clarity: Mainstream media focus on scandals and regulatory pushback from the SEC resulted in a lack of trust from the general population.
• Heavy use of web3 language: Exciting the web3 crowd with specialized terminology may have made it difficult for web2 users to understand the utility and value proposition of DAOs.
• Lack of user-friendly interfaces: Difficulties in understanding and using DAO-voting tools, setting up wallets for revenue distribution, and navigating the decentralized ecosystem may have acted as barriers to adoption.
• Ambiguity in defining what a DAO is: Lack of clarity in distinguishing the unique characteristics and value proposition of DAOs from other models may have led to misunderstanding their benefits and limitations.

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Focus

Introduction

Motivation

Methodology