@447368856cec4afcae909c71d

Thanks for reaching out! Ready to join on the 6.7! Looking forward!

@leemo

Thanks for your questions.

With regard to product market fit:

In general, I would argue that Dao as a structure has a proven product market fit, so the question of product market fit with regard to the need for a system DAO parachain are mainly:

no friction: this is a system parachain, that is entirely for free and does not require any staking of any token or anything. Most models and offers in the market have some kind of fee/token. DAOs are already not a mean of their own, but simply a tool to organize and manage and align a group of people to achieve a common set goal. The ease of use and costs are and will be the determining factor for stat-ups or any form of other organizations when they make an early decision where and how to set-up their DAO. (This is why we also think this will increase adoption in the Polkadot ecosystem). We also believe that Daos will become a part of core infrastructure within the Ecosystem and chains that have this integrated in a common good strategy have a competitive advantage

separation of concerns: to explain why we think this matters maybe a bit of background on how this idea came about: Before, we have been building blockchain products for a variety of founders and start-ups, mostly from very early onwards. Most of them were increasingly considering setting their entire start-up up as a DAO. But even when they were already more advanced that was almost always a topic with the founder team. One of the main things -together with legal questions - that stopped early founders as well as more senior projects to do it, was that they did not want to commit to one chain forever and felt migrating their DAO at a later stage to another chain would be too much legal, tech and other compliance overhead. Here come in the idea of separation of concerns: Genesis DAO allows communities and builders to create their protocol or application layer wherever they want: as long as it is connected to the parachain system, the native voting functionality will be available. GenesisDAO plans to use a unique Cross Consensus Message (XCM) implementation that will enable cross-chain voting, separating the business logic from the DAO logic and providing projects the freedom to build on their preferred chain while enjoying the full benefits of the DAO ecosystem​

ease-of use: what we have built is the MVP is a no-code front end built by entrepreneurs for entrepreneurs. It aims to help entrepreneurs focus on their ideas, product-market fit, and building something of value​​. GenesisDAO is focused on the domain of DAO management. We have found that DAOs are being used not only by start-ups but also by all sorts of smaller and bigger organizations. For them being able to set this up by just clicking through things is very attractive,

We have validated these hypotheses even before we applied for the first grant in direct exploratory talks within our network, the Polkadot ecosystem and outside of it. We have various start-ups, projects and parachains that have signaled strong interest in using this.

As per the second question with regard to why web 3 did not continue funding it: There was no signal that they are not willing to do so, but it seemed for everyone that this makes sense to go and bring it for a community vote, as it will become a common good (system) parachain. For us this this also a great way to gather Feedback and more importantly spread the information about Genesis DAO what it offers and hopefully get a lot of people excited about it. We are building this here for the community. There is no token model and revenue model or the idea to make a start-up out of it. This is infrastructure for the ecosystem to grow.