MANTRA DAO ($ OM) has brought reality TV to the cryptosphere with the launch of a weekly YouTube series that takes viewers behind the scenes and at the organization’s Hong Kong office.
Having filmed and released its third week of productions, each episode has followed so far. MANTRA DAO co-founders John Patrick Mullin, Will Corkin and Rodrigo Quan as they coordinate with team members from around the world and hold face-to-face meetings on upcoming developments and partnerships
The Serie aims to give Sherpas, members and stakeholders of the MANTRA DAO community, a more transparent look at the day-to-day operations of the office, but the episodes also have broader appeal to those interested in how successful DAOs work. within the growing industry of decentralized finance, also known as DeFi.
Decentralized autonomous bodies
MANTRA DAO is a DeFi ecosystem that is based on the principles of decentralized autonomous organization, an organizational model that is based on blockchain technology to reinvent how companies, institutions or even casinos it can be managed more efficiently and fairly by those involved.
Rather than a CEO or president having the final say on how an organization will make decisions and do business, DAOs rely on a community of stakeholders who own and use crypto, in this case. governance tokens, to make and vote on proposals on how the organization is managed.
Some famous DAOs include MakerDAO, the organization responsible for minting Dai, one of the most widely used and successful stablecoins in crypto, and the now-defunct The DAO, the namesake of the organizational model itself.
In a very short period during 2016, the DAO managed to raise $ 150 million in funding from an enthusiastic community that believed in the potential of such a new and innovative system for crowdfunding and organizational governance. However, a exploit in the DAO code led to its demise, and a controversial fork was executed for the Ethereum network in order to reverse the implications of this setback.
Cameras capture the inner workings of a DAO DeFi
Despite this setback, the benefits of decentralization for structuring organizations, especially those involved in decentralized finance, mean that the DAO model has proven its resilience with ecosystems like MANTRA DAO.
Following the principles of decentralization, MANTRA DAO aims to contribute “DeFi services to every corner of the world” as well as “harnessing the wisdom of the crowd to create a decentralized, transparent and community-governed financial ecosystem for Web3.”
Inviting cameras to MANTRA DAO headquarters further increases the transparency of the organization’s operations and provides insight into the nascent world of DeFi as the project founders progress through their day. Viewers can listen to phone calls with team members in Europe, the United States, and Australia and see the team answer questions with industry partners about things like fees for unkept tokens.
The release of these episodes should help build investor confidence for the future of MANTRA DAO and its $ OM token in an industry that continues to see carpet strip making news. Giving users a glimpse into the office life of the DAO they are participating in can now be added to the long list of community engagement and social media presence now available and listed in the comment section of each video .
So far, three episodes have been made available on YouTube, each of which covers a week of work and play condensed into about half an hour. Community input has begun to guide the direction of the series and, according to MANTRA DAO, “After our inaugural week behind the scenes of MANTRA DAO headquarters, we are focusing on how the series will unfold. Like everything we do, we look to feedback from our Sherpa community for what they liked, what they want to see, and where we need improvements. “