NFT DAO Governance and Community 3

Question 1

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

Accepted Answer

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

Answer

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

Question 2

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

Accepted Answer

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

Answer

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

Question 3

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

Accepted Answer

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

Answer

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

Question 4

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

Accepted Answer

A token that grants holders voting rights on DAO proposals

Answer

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

Question 5

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

Accepted Answer

Through on-chain arbitration tools or designated community moderators

Answer

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

NFT - Art Practice Test