“It feels like a DAO renaissance.”
That’s how Anastasia Andrianova, founder and CEO of blockchain-based financial protocol Akropolis, described her experience from both the Dappcon and ETHBerlin conferences this week.
Hosted as parallel conferences for three days at the Technical University of Berlin, roughly 800 ethereum developers from all over the world gathered to discuss, debate and demonstrate how to build on the world’s second most popular blockchain.
Decentralized autonomous organizations, or DAOs, are infamously difficult to execute well. In 2016, roughly $60 million was stolen from an early DAO application, called The DAO and the effects of this event seriously impacted ethereum’s evolution.
This year, the main takeaway for attendees like Andrianova was the resurgence of interest in DAOs, and a slew of specialized tooling for making DAOs work.
The term “DAO,” as William Mougayer, venture capitalist and author of “The Business Blockchain” told CoinDesk, is applied to all sorts of ethereum projects today.
“My observation [from the conferences] is that the term DAO is being used too loosely,” said Mougayer. “Some of these DAOs are really just smart contracts with some rules that say, ‘If, then, that.’”
The distinction even between big DAOs and little DAOs are important to conveying the complexity and degree of difficulty in a DAO application, according to Mougayer.
At the most basic level, however, Jenna Zenk, former CTO of the blockchain startup Melonport who now sits as vice president of the DAO governing the Melon protocol, said:
“DAOs are a new way for people, groups, projects and companies to organize themselves in a decentralized fashion and also,