Omakasea provides its users with an easy way to deploy on-chain ERC-721 DAOs, or DAOs governed by NFTs. Therefore, anyone who runs a community can start a DAO to enable community governance of the funds in their contract, for whatever purpose the community decides.
In this section, we go over the different Omakasea contracts, multi-level DAO governance, and ways that you can make use of a DAO in your community.
Each of our contracts are meticulously gas optimized, building upon the ERC-721A standard.
Let’s get started with the basics:
Omakasea enables converting your NFT contract into a DAO that is governed by its members.
Omakasea’s DAOs are the first ERC-721 token contracts that allow direct on-chain governance, due to the governance asset sitting inside the smart contract. That means you do not have to rely on a third party application such as Snapshot.org to enact governance proposals. All governance occurs on-chain, and is open and permissionless.
Only you and your community can set the parameters for governance (more on that later) and determine the structure for how your DAO is managed.
The Omakasea DAO puts the power back into the hands of creators, artists, and their community members - not the dev team who controls the contracts or any third party. Just minutes after your NFT collection is deployed, you can have your own Art DAO governed by you and your community.
Not only do Omakasea DAOs feature direct governance by the NFT holders themselves, they also allow for dynamic function calls for interaction between different smart contracts on the blockchain. This means that the Ethereum held within your DAO contract can perform autonomous actions such as staking funds in a farm, sending tokens to a wallet, swapping tokens, providing liquidity, and more. All it takes is a community vote to do so.
Now, let’s dive into the contracts themselves: