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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 is a 'DAO grant program' in the NFT art world?

    Answer: A treasury-funded initiative to financially support artists or projects chosen by community vote

    DAO grant programs let communities vote to allocate treasury funds to artists, curators, or developers whose work aligns with the DAO's mission.

  2. Which smart contract standard is most commonly used to implement NFT DAO membership tokens?

    Answer: ERC-721 (for unique membership NFTs) or ERC-20 (for fungible governance tokens)

    Most NFT DAOs use ERC-721 for unique membership passes and ERC-20 for fungible governance tokens, though ERC-1155 is also used for hybrid needs.

  3. What is 'retroactive public goods funding' in NFT DAO governance?

    Answer: Rewarding contributors after the fact for work that already benefited the community

    Retroactive funding models reward contributors whose past work proved valuable, rather than funding speculative work upfront — popularized by Optimism's RetroPGF.

  4. How does 'reputation-based governance' differ from token-based governance in NFT DAOs?

    Answer: Voting power is earned through contributions and community trust rather than token purchases

    Reputation-based governance assigns voting weight based on member contributions, participation, or peer endorsements rather than purchased tokens.

  5. What is a common reason NFT art DAOs implement a 'proposal deposit' requirement?

    Answer: To filter out spam proposals by requiring submitters to stake tokens that are lost if the proposal fails badly

    Proposal deposits deter frivolous or malicious submissions by requiring submitters to risk a token stake, which may be slashed if the proposal is overwhelmingly rejected.

  6. In an NFT DAO that curates an art collection, what does 'curator DAO' governance typically decide?

    Answer: Which artworks are acquired, exhibited, or sold from the shared collection

    Curator DAOs use collective governance to make decisions about acquiring, displaying, lending, or selling NFT artworks held in the shared treasury.

  7. What is the significance of 'block snapshot' timing in DAO token-weighted votes?

    Answer: Voting power is calculated from token balances at a specific past block, preventing last-minute token purchases to influence votes

    By locking voting power to balances at a past block, DAOs prevent manipulation where someone buys tokens just before a vote closes to swing the outcome.