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NFTs as DAOs

Being able to turn an NFT into a DAO refers to the ability of RMRK NFTs to be fractionalized for a deposit in RMRK tokens.

There share tokens can then be used to collectively issue commands to an NFT. This video demonstrates one of the potential use cases:

Another possible use case is a collective gaming experience where a Twitch streamer tokenizes an in-game avatar and distributes the tokens live to their community to participate in in-game decision making during the game.

Alternatively, it can also be used for partial ownership of high-value NFTs.

Implementations#

There are no live implementations of this specification yet.

  • Kusama (not possible)
  • EVM (research phase)
  • Pallets (research phase)