⬜Why launch SDAO?

It is against this background that SDAO was launched

• Web 1 (roughly 1990-2005) was about open protocols that were decentralized and community-governed. Most of the value accrued to the edges of the network — users and builders.

• Web 2 (roughly 2005-2020) was about siloed, centralized services run by corporations. Most of the value accrued to a handful of companies like Google, Apple, Amazon, and Facebook.

• We are now at the beginning of the Web 3 era, which combines the decentralized, community-governed ethos of Web 1 with the advanced, modern functionality of Web 2.

Web 3 is an Internet of value jointly owned by builders and users, with tokens for coordinated development

• In Web 3, ownership and control is decentralized. Users and builders can own pieces of internet services by owning tokens, both non-fungible (NFTs) and fungible Tokens give users property rights: the ability to own a piece of the internet, NFTs give users the ability to own objects, which can be art, photos, code, music, text, game objects, credentials, governance rights, access passes, and whatever else people dream up next.

• NFTs exist on top of blockchains like Ethereum&Binance, Ethereum is a decentralized global computer that is owned and operated by its users.

Blockchains are special computers that anyone can access but no one owns.

• There are many ways for users to acquire fungible and non-fungible tokens. You can buy them, but there are also ways to earn them.

• You can also earn tokens through creative and entrepreneurial activities. For example, people are earning roughly $100M worth of ETH per day selling NFTs.

Tokens align network participants to work together toward a common goal — the growth of the network and the appreciation of the token.

• This fixes the core problem of centralized networks, where the value is accumulated by one company, and the company ends up fighting its own users and partners.

• Before Web 3, users and builders had to choose between the limited functionality of Web 1 or the corporate, centralized model of Web 2.

Web 3 offers a new way that combines the best aspects of the previous eras. It’s very early in this movement and a great time to get involved.

It is against this background that SDAO Lab was launched, pioneering the MAM (Medal Auction Mining) protocol concept of NFT+TOKEN, perfectly integrating NFT+TOKEN in a new way, another innovative experiment in the Web 3 world!