How Will CharitiesNFT Work For Canadian First Nations Grassroots Artists? Will NFTs Revolutionize the First Nation Communities?  (Part 8)

Abstract:

• CharitiesNFT: A kind of digital-twin NFT, promotes NFTizing physical artwork created by grass-root artists, using Hologram and Holo-DKEY for Crypto-Validation. 
• CharitiesDAO: A kind of DANO (Decentralized Autonomous Non-profit Organization) with an ecosystem of charities founders, individual contributors and receivers, project accelerators and incubators. This is building more transparent and efficient decentralized donation chains.
• In a series of articles, I will introduce WHITE PAPER of CharitiesNFT and CharitiesDAO and discuss how they work for Canadian Indigenous Traditional Culture and Grass-root Artists as one of the application scenarios of CharitiesNFT.

Why CharitiesDAO?

In the previous articles, I wrote about my vision that the DAO paring NFT platform could be revolutionary for any charity organizations. DAOs are known to be a decentralized autonomous community that is operated by its members. In the case of CharitiesDAO, it is tied to “CharitiesNFT.” CharitiesDAO works as a decision-making tool for CharitiesNFT. In this article, I will explain why I recommend charity to adopt the vision of CharitiesDAO.

With CharitiesDAO, there is no central authority. Decisions are executed via voting. This ensures fairness and equality amongst its users.  The openness and freedom assure everyone in the charity has a voice, while CharitiesDAO’s codes (smart contract) are fully transparent and verifiable by all members. It is safe, and nobody has the authority to access it without the approval of other members. 

So How Does CharitiesDAO Even Work?

The society of CharitiesDAO is built with the goal of SHARE-TO-GIVE and with the intention to break away from the deadlock of traditional charities. Over the decades, the opaque, cumbersome, inefficient (even corrupted) system of many charities has been besetting conventional charities and criticized the public. With CharitiesDAO, its smart contract is built to solve those deadlocks. Being based on the concept of Share-to-give, CharitiesDAO allows all prospective users to participate and vote for any policy to be implemented. Under CharitiesDAO, an organization can accept membership and donations from anyone in the world and the group can decide how they want to spend donations. Any users can submit a proposal to join the CharitiesDAO, usually offering a tribute of some value in tokens or work. Shares represent voting power and ownership. Users can exit at any time with their proportionate share of the treasury. In other words, CharitiesDAO has no hierarchy and is fully democratized. Ideally, with CharitiesDAO, charity resources can be shared best and contributed sustainably to maximize the value of charity, and anyone can monitor, inspect and scrutinize to minimize unnecessary waste and corruption in the whole donation-chain etc.

CharitiesDAO, with its unique CharitiesNFT, a will allow all activities to be transparent and fully public. Many scandals happened because services and decisions were centrally controlled automation. which were prone to manipulation. Under CharitiesDAO, users just need to trust the smart contract that runs on the blockchains, which is fully transparent and verifiable by anyone. The rules set in the smart contract will govern the entity. Decisions that impact the organization are not exclusively carried out by a small group of people. Everyone of the collective has the opportunity to propose decisions that can shape the entire charity organization.