Building LEGO Together - DAO* Model
Below you will learn how you can build co-owned organizations using the concept of DAO* (Decentralized Autonomous Organization).
Hi. I am MohitG. Below I explain DAO* in simple terms using the e.g. of “Building LEGO Together”.
Quick Intro: I run a community for Founders to grow their business - Grow1000x Club. For any queries, email [email protected] with subject [LEGO DAO]
March 20, 2025
A company is like a kingdom where a few owners (shareholders) make all the key decisions, and workers help build but don’t have control over what happens.
An open-source project is like a public LEGO playground where anyone can help build, but no one owns a piece of it or makes key decisions—a small team usually decides.
A Co-owned Organization (Decentralized Autonomous Organization - DAO)* is like a LEGO club where everyone who helps build owns a piece of it and gets to make key decisions together—not just a few shareholders! 🎉🏰
Hey! Imagine we are kids building a giant LEGO kingdom together. This isn’t just any castle—it’s a special castle where everyone who helps gets to own a part of it!
But wait… how do we decide who gets what? 🤔
Well, we have a fair system where we give out magic coins (tokens) 🪙 based on how much and how well you help. The more you do, the more you own! Let’s see how it works. 🚀
👦 What does that mean?