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.
There are no live implementations of this specification yet.
- Kusama (not possible)
- EVM (research phase)
- Pallets (research phase)