Decentralized autonomous gaming organization Game7 launched a new tool Wednesday that aims to alleviate a major problem of cooperation: social loafing.
Although it may seem, due to its futuristic name, DAO has solved some fundamental problems that affect all organizations, but it is not so. As Game7’s core contributor—and self-proclaimed “janitor’s helper”—Jonathan Allen explained, The DAO has a free rider problem.
Many DAOs—groups of people who come together online to achieve a common goal—offer cryptocurrency at launch to raise capital and attract participants. But sometimes this attracts people just looking to make a quick buck, not necessarily people who want to stick with DAOs long-term, Allen said. fortune.
This could create problems for this DAO later. For many, one token is equal to one vote on any proposal, so those who get their tokens first can have a big influence in that direction even if they are mostly inactive. Because of this, newer DAO members may feel that their voices are not influential and become discouraged from participating in the organization.
Game7’s new product, Summon, aims to solve this problem by using soul-bound tokens – a type of non-transferable NFT that can track people’s reputation. The Summon protocol will give each member of the DAO a soul-bound token, which then keeps a record of participation and evolves based on the number of contributions.
The more members contribute, the more XP they will earn, which will increase their rank and voting influence in the DAO, and can unlock additional rewards. These statistics will all be tracked by the platform automatically, which also reduces the weight of the core members in deciding who actually enters.
“We think that if we do this wider system, you can fix a lot of the early balance issues, like hoping that the first 100 people on Discord who buy the token will be involved for five years and will contribute,” Allen said.
Summon was built by Game7 DAO members, and will first test the platform in closed alpha within their own organization before allowing others to try it. But Allen said the goal is to run it as an open-source program with a software-as-a-service model for custom features.
Allen said that Summon is not intended to replace other tools that DAOs use for operations, such as Discord or the off-chain voting platform Snapshot, but instead sits alongside those platforms and helps DAOs focus on the core principles of cooperation and decentralization, Allen said.
“Summon really wants to meet your community where it is,” he said.
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