Top 3 reasons your NFT project should have a DAO

We had previously discussed the interconnectedness that exists between DAO and NFT. However, a DAO can offer more benefits to an NFT project. This includes project support and coordination, and setting the overall direction of an NFT project. In this article, we discuss the top three reasons that your NFT project should have a DAO.

TL;DR

•  NFT projects can benefit from the widespread nature of DAOs to create awareness on a global scale.
• DAO members could contribute to the growth of an NFT project by using their expertise and skill sets.
• DAO members can suggest innovative ideas that contribute to shaping the direction of an NFT project.

Leveraging members’ awareness capabilities

NFT projects could substantially benefit DAO by leveraging the global nature of their existence. DAOs are composed of members who share the same ideals and passion (NFT in this case). These members, oftentimes, are not confined to one geographical location. As a matter of fact, DAOs have community members from around the world.

Building a DAO for your NFT project, therefore, means that it will be able to leverage the collective capabilities of its members to raise awareness and create substantial buzz across social media when necessary.

You can learn more about the relationship between a DAO and an NFT project in our previous piece.

Project support and coordination

Community support does not end at awareness creation. A DAO could offer your NFT project much more. Having a DAO gives you the opportunity to lean on the expertise and skill sets of like-minded people. 

While it is possible that your community will comprise digital artists and enthusiasts, there is also the distinct possibility that your DAO will attract people who are passionate about your art and offerings. 

This group of people could add value to your project. They could offer support by volunteering to organize local awareness campaigns or coordinate online events that will create further exposure for your NFT project and the community at large.

Shaping project direction

Usually, launching an NFT project is the first step toward achieving broader goals in Web3. More often than not, your NFT project will serve as the gateway to broader utilities. This is yet another area where you can leverage a DAO for your project.

A DAO is guaranteed to have members from different fields of expertise. It is also a given that community members will have different perspectives and ideas. Your NFT project could greatly benefit from these diverse orientations.

DAO members could make positive contributions to the overall direction of your NFT project. They could help by suggesting utilities for your NFT collection. They could also help shape ideas for new collections and even collaborate on new projects.

What next?

Now that you know how beneficial DAO can be for your NFT project, now is the time to get started by building a community for your NFT project. 

Launching a DAO is no longer as complex as it once was. DeCir offers you the perfect infrastructure to build a DAO for your NFT project with our no-code DAO creation tool. This tool helps you build your DAO within minutes and also gives you a place where you can collaborate with your community. 

Launch your DAO today!

Conclusion

There is so much that your NFT project could benefit from having a DAO. This ranges from awareness creation to community support, and setting the direction for your project. Now is the time to leverage the power of the community. Launch your DAO on DeCir today!