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DAO Governance and Community Flashcards

7 cards from real NFT practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 DAO Governance and Community flashcards as text

  1. What distinguishes a 'permissioned' DAO from a 'permissionless' one in NFT communities?

    Answer: Permissioned DAOs restrict membership to approved holders; permissionless ones allow anyone to join

    Permissioned DAOs gate membership (e.g., by holding a specific NFT), while permissionless DAOs allow any wallet to participate in governance.

  2. In NFT art DAOs, what is the risk of 'governance fatigue'?

    Answer: Members stop participating in votes due to too many proposals or complexity

    Governance fatigue occurs when members disengage from voting because the frequency or complexity of proposals becomes overwhelming.

  3. Which of these best describes a 'rage quit' mechanism in a DAO?

    Answer: A member can exit with their proportional share of treasury funds before a proposal executes

    Rage quit lets dissenting members leave a DAO and redeem their proportional treasury share before an approved proposal they oppose is executed.

  4. What is a 'governance token' in an NFT art DAO?

    Answer: A token that grants holders voting rights on DAO proposals

    Governance tokens represent voting power within a DAO, allowing holders to influence decisions about treasury spending, rules, and direction.

  5. How do NFT DAOs typically handle disputes between members or artists?

    Answer: Through on-chain arbitration tools or designated community moderators

    Many DAOs use decentralized arbitration platforms like Kleros or appoint community moderators to resolve disputes in a transparent manner.

  6. What is a 'constitutional DAO' structure?

    Answer: A DAO that operates according to a written set of core rules or charter that governs all decisions

    A constitutional DAO establishes immutable or hard-to-change foundational rules that all governance decisions must comply with, providing stability.

  7. Why might an NFT art DAO use a 'guild' or 'working group' structure?

    Answer: To delegate specialized tasks (curation, marketing, tech) to smaller focused subgroups

    Guilds or working groups allow DAOs to delegate specialized responsibilities to skilled subsets of members, improving efficiency and expertise allocation.