Stage 3: The Data DAO
The interoperable data economy without middlemen
Last updated
The interoperable data economy without middlemen
Last updated
The success of Fishnet depends on generating a healthy DAO and sustainable revenue streams. The will be the primary decision-making body for Fishnet, where the largest source of compensation will determine the distribution of earnings, deployment of resources, the bond ratio between ALEPH and FNET tokens, and revenue split between data providers and the DAO.
To encourage further growth, Fishnet will implement a subscription tier system that provides discounts, features, and rights to create a new "Channel" with new configurations needed for a new DAO, serving a specific purpose, and it will be in the hands of FNET token holders.
The proposals raised in the DAO can vary from infrastructural and technical to partnership or roadmap decisions. For example, a new client or partner or an influential person can be quickly onboarded and request valuable core-team resources, if the proposal is accepted by the DAO's members.
To host relevant DAO discussions and inform the community, Fishnet will use Discord, and the governance is managed in Realms for now, while the immutable architecture of Fishnet also enables us to build DAO tools ourselves, to address client needs, delegate voting power, etc.
DAOs are about to unlock the ownership economy, allowing members to collectively organize, create value and data, and collectively capture the upside created from it. This relates perfectly to the upside and value Fishnet can capture. Fishnet DAO members can upload their intensely and tirelessly collected datasets that can be used by experts in algorithm development, investment pools, and market-making pools. Funds can be created and collaborated in a more compliant and trustworthy way thanks to Fishnet's innovative IT backbone.
Consequently, federated learning algorithms can enable the "Financial Signal hosted on our Network" to be applied in algorithmic trading, risk management, and other financial services applications leveraging an untapped potential in a trillion-dollar market.