OpenDAO is a project initiated by @721DAO, an NFT eco-decentralized organization, and its main initiator, contributor and veteran NFT player "9x9x9" initiated the project, and 9x9x9 also tweeted to confirm this. Meanwhile, 721Dao also stated in the community that it will soon invest $100 million into the SOS eco-building.
According to the official website, the SOS token was originally created to thank all NFT creators, collectors and the market for nurturing the entire NFT ecosystem, and especially to thank OpenSea for its leadership role in facilitating NFT transactions. "As a tribute, we have chosen OpenSea collectors to conduct our airdrop."
The exact number of airdrops is determined by the total number of transactions and the amount of money spent (ETH, DAI and USDC), with the former weighted at 30% and the latter at 70%.
According to the plan, the total amount of SOS is 100 trillion units, of which 50% will be used for airdrops, 20% for Staking rewards, 10% for LP rewards, and the last 20% will be reserved for OpenDAO. And with this 20%, OpenDAO will compensate the victims of verified scams on OpenSea, support emerging artists and their original works, support the NFT community, support art preservation, and participate in developer grants for the $SOS ecosystem.
OpenDAO's rush to issue tokens and to attract Opensea users reminds many of last year's SushiSwap, a copycat that took away Uniswap's liquidity and users and was once the leader in the DEX space.
But this comparison is obviously a bit unrealistic, as OpenDAO has just been established and it is still unknown whether it will develop a trading platform. And SUSHI was the attraction of high returns in the DeFi liquidity mining boom at the time, allowing users to continue to contribute liquidity, but NFT Marketplace is another story. But with the support of a large group of NFT users, there is some legitimacy to such a prospective expectation.
But it is still early days for these value-backed blueprints. Currently, for most ordinary traders, SOS is still a "zero elimination game" (meaning the tokens have a low unit price and the decimal points are eliminated later through huge increases) like the red-hot MEME coins such as Doge, SHIB, People and GM.
In the community, you can again see a lot of slogans promoting with FOMO sentiment, "shouting orders" to each other that they are "liquidating PEOPLE, Stud SOS", and there seems to be no significant difference from every MEME craze.
Not long ago, the news that OpenSea was planning an IPO was met with a lot of curses from the community. Hundreds of thousands of Web 3.0 users have been trading frequently and contributing fees to make OpenSea rich and famous, and now you want to give these earnings to the Web 2.0 capital? Are we still going to buy OpenSea stock?
"The example of SOS is showing us another narrative possibility: if you can't do it, we'll do it for you; if you don't reward the people who should be rewarded, the users will "do" for you.
As Vincent, a partner at Sky9 Capital, said: In Web2, your "value behavior" only brings "value" to the company providing the service, not to you. In Web3, your "value behavior" will sooner or later bring "value" to you.
OpenSea does not issue native Token, so don't worry. SOS has already started, and LooksRare will also send airdrops to OS users later. So you should do what you do on the chain, your "value behavior" will sooner or later bring you "value", the amazing Web3.
In this industry, data is really a goldmine. Web2.0 in a variety of applications buried points for a long time; most of the data are redundant data, nothing useful; The key problem is that the user information is difficult to integrate and user portrait is not complete. Every txn in the chain is "high-value" user behavior (after all, it bears high gas fee), filtering a large amount of useless or low-value behavior data, and at the same time, connecting the user behavior of thousands of dApps. The
filtering/analysis/processing around these data can generate countless scenarios, from capturing transaction opportunities, to finding accurate user address groups, to forming on-chain identities and social relationships, each of which is an opportunity of more than ten billion dollars.
filtering/analysis/processing around these data can generate countless scenarios, from capturing transaction opportunities, to finding accurate user address groups, to forming on-chain identities and social relationships, each of which is an opportunity of more than ten billion dollars.
Chen Yetian, a partner at Fire Phoenix Capital, shares the same view, arguing that: this is very innovative and fundamentalist, an idea that was introduced when Web 2 was first introduced and was realized in Web 3, a "power grab movement".
Innovation may fail and there will be problems, but the thoughts that innovation brings us will always have value.