OpenDAO Reveals Plans For Gaming Sub DAO

Developed by the Open Source Initiative, Sub-DAO stands for “Sub-Decentralized Autonomous Organization” and refers to a business entity that is not centralized. The first use case for this technology will be in gaming with games like CryptoKitties becoming more decentralized as their tokens are now able to be traded on blockchains without going through game servers.

The “opendao price” is the first decentralized gaming platform that allows for a fair distribution of profits and ownership. The project has been in development for over a year and plans to release on February 10th, 2019.

We were lucky enough to get up with OpenDAO, who graciously answered our ten pressing questions and shared their ambitious intentions with us. You can read the complete interview below, but first, let’s take a look back at their narrative so far — it’s a fascinating one that continues to enthrall the Web3 community.

It all started with a one-of-a-kind airdrop — a grand debut into the NFT trading world. 

Hundreds of thousands of Opensea traders received OpenDAO’s SOS token as a’reward’ for their trading activities, with no relation to Opensea. 

OpenDAO is a community-run DAO (Decentralized Autonomous Organization) with the purpose of ‘leveling the playing field for both creators and collectors.’

Anyone who purchased, traded, or advertised anything on Opensea before December 23, 2021 is entitled to get OpenDAO SOS tokens as part of the airdrop. 

The number of tokens issued is determined by the amount of ETH, DAI, and USDC exchanged, as well as the overall number of transactions. The distribution period will expire on June 30th, 2022, and any tokens that are not claimed will be returned to the OpenDAO treasury.

OpenDAO took use of the blockchain’s openness to make an announcement and make a message to the largest NFT trading community — an act of seeming generosity to the community. What are the ramifications?

Although, as our interview reveals, there are big things in the pipeline that could shake the market once more, OpenDAO quickly became a hot topic among crypto traders, and the SOS token quickly rode a wave of hype, spiked on the exchange, and has sharply declined since – although, as our interview reveals, there are big things in the pipeline that could shake the market once more. 

Then there was the game-changing land acquisition. With a penchant for making bold statements, OpenDAO acquired the biggest and most costly parcel of land ever purchased in the metaverse. They spent $5 million for their virtual acreage in the new interactive RPG ‘Big Time,’ making them the metaverse’s biggest virtual landowners.

The SOS token is the “token of the metaverse,” according to its mission statement, and this positive move suggests that OpenDAO is here to stay.

The SOS token currently has over 200k owners, making OpenDAO the largest DAO in Web3, and it will be interesting to watch how this tale unfolds. 

OpenDAO, which has a Twitter following of over 150k, is continuously engaging their audience with SOS token giveaways, and posts on their Discord channel imply that growth is in the works.  

We’re thankful that OpenDAO took the time to speak with us and address our ten pressing questions regarding their roadmap and the value of the SOS coin.

Interview with ‘True,’ an OpenDAO ‘key contributor.’

What is the backstory of The OpenDao’s emergence? 

When Opensea announced its IPO, our primary contributors decided to take advantage of the increasing trading volume to design new Web3 models. 

What do you know about the individuals that founded OpenDAO? 

Our founders worked in Web2 and Web3 for a long period, despite their desire to remain low and nameless. Here is a list of our multi-signers: https://www.theopendao.com/#/ Our staff may be found at https://medium.com/@theopendao/the-opendao-milestone-report-february-2022-6c9604984c3f (under “New Recruits”). 

What was the impetus for the creation of OpenDAO? 

In order to strengthen the community, we intended to build a robust infrastructure for Web3. 

What are The OpenDAO’s key functions? 

Improving web3 — for example, in early February, we released ‘721starter.’ It eliminates all of the existing pain points associated with starting massive NFT collections, including WL grinding and gas battles on Discord. By using Chainlink VRF technology-based lottery that ensures fairness and unpredictability, it evolves the whitelist system towards a more autonomous, transparent, and decentralized method.

Could you expand on SOS’s status as a “token of the metaverse”? What do you have in mind for the SOS Token? 

It’s the token we use, but it’s a token for the people, by the people, since we created the infrastructure to utilize it ourselves, with no discounts, no staff, and no money involved.

Could you clarify what occurred when you used your SOS token to reward traders on Opensea? 

It sparked a bull market, hehe. For the merchants, it was like Christmas. The community was really appreciative. 

What was the purpose of this act of kindness? 

Simply thank the community for their contributions. We also intended to give them something they wouldn’t receive from Opensea: an airdrop.

What was the catalyst for your land-record-breaking project in Big Time? What does your Big Time piece of land represent/symbolize?

*The largest space — We’re forming a gaming sub-DAO (you heard it here first). We’re broadening our horizons. We discovered that there are 2.5 billion gamers worldwide. The gaming industry is worth 176 billion dollars and is expected to expand to a trillion-dollar industry. It outperforms every other kind of media, including television. It was just a wise decision.  

What distinguishes OpenDAO from other crypto and Web3 projects?

We are Web3’s largest DAO, with 200k holders. We give back to our community simply because we like it. All of our current and future products are Web3-based solutions.

In the foreseeable future, what interesting ambitions do you have for OpenDAO? 

Are there any exciting plans that we can share? We’ll be releasing a new gaming addon soon. Continuing to develop Web3 pioneering projects that no one else is doing. We’re offloading an NFT Marketplace with ZERO TRANSACTION FEES, for example.

We appreciate OpenDAO’s time and interest in their initiative, and we’re particularly interested in watching how their parcel of land in Big Time is utilized to build their developing community.

As an example:

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OpenDAO is a decentralized gaming platform that allows users to create, manage and trade their own virtual assets. OpenDAO has revealed plans for a sub DAO (decentralized autonomous organization) called the “Gaming Sub DAO.” Reference: opendao claim.

Related Tags

  • opendao (sos token price prediction)
  • opendao airdrop
  • opendao review
  • opendao coin
  • opendao sos claim

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