Why DAOs Matter for Digital Art | Summary and Q&A

TL;DR

Digital artist People Pleaser shares her journey in the crypto and NFT space, highlighting the significance of DAOs and their connection to DeFi.

Key Insights

• 👾 People Pleaser's journey showcases the potential of merging animation skills with the crypto and NFT space, creating engaging content for the DeFi community.
• 👾 The formation of Pleaser DAO for the purpose of purchasing an NFT highlights the power and impact of collective action in the crypto space.
• 🖐️ DAOs play a crucial role in promoting collaboration, decentralization, and collective decision-making in the NFT and DeFi ecosystem.
• 🛰️ Charitable initiatives within the NFT space demonstrate the social impact and philanthropic potential of digital art and blockchain technology.
• 🌍 The relationship between DAOs and the increasing complexity of the world reflects the need for collaborative efforts to address complex challenges.

Transcript

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Questions & Answers

Q: How did People Pleaser transition from being an animator to a crypto artist?

After exploring cryptocurrencies since 2017, People Pleaser saw an opportunity to combine her animation skills with the world of cryptocurrency. She started creating promotional animations for various DeFi protocols, incorporating symbolism and humor.

Q: What was special about the auction of the Uniswap V3 teaser animation?

The auction attracted significant attention and ended up fetching a price of 310 Ethereum. What made it unique was the formation of a DAO, named Pleaser DAO, by the artist's supporters, who collectively bought the NFT. The proceeds from the auction were donated to charity.

Q: What is the role and importance of DAOs in the NFT and DeFi space?

DAOs, or decentralized autonomous organizations, are mission-driven groups that coordinate through blockchain-enforced rules. They provide a hive mind of like-minded individuals working towards common goals. Pleaser DAO aims to become a patron of the NFT landscape, supporting artists, funding development, and making investments in innovative concepts.

Q: How does People Pleaser see the relationship between DAOs and the increasing complexity of the world?

People Pleaser believes that as complexity in society grows, it becomes challenging for individuals to fully understand and address all its demands. DAOs act as a collective force, bringing together talented people from different fields, just like a team of animators working on a complex movie. DAOs provide a way to tackle complexity and achieve a common objective.

Summary

In this video, digital artist People Pleaser shares her unique perspective on the importance of DAOs (Decentralized Autonomous Organizations) and the interplay between NFTs (non-fungible tokens) and DeFi (decentralized finance). She discusses her journey as a crypto and NFT artist, highlighting the use of animation to educate and engage with the crypto community. People Pleaser also talks about the accidental creation of the Pleaser DAO, which was formed to purchase her iconic Uniswap NFT. She explains the philosophy and goals of the DAO and explores the possibilities of merging DeFi and NFTs. The video concludes with the introduction of her latest NFT, "Apes Together Strong", and its commitment to supporting charities involved with autism advocacy.

Questions & Answers

Q: How did People Pleaser get started as a crypto or NFT artist?

People Pleaser began dabbling in cryptocurrencies in 2017 and was intrigued by the idea of using her animation skills to tap into the world of cryptocurrency. She started creating cool animations that also served an educational purpose, going beyond slapping logos on her pieces. To engage with the community, she made an effort to truly understand the concepts and immerse herself in the meme culture and humor of DeFi.

Q: Can you provide some examples of People Pleaser's promotional animations for DeFi protocols?

Two examples of People Pleaser's promotional animations are showcased in the video. One animation was done for Pickle Finance, a DeFi protocol that harvests liquidity provider rewards. The animation creatively features jars (symbolizing the protocols) in a vending machine. Another example is a teaser she made for Yearn Finance v2, where actual code runs in the background while featuring the founder of Yearn Finance, Andre Cronier.

Q: How did People Pleaser's Uniswap NFT become the focus of a bidding war and why was it special?

People Pleaser created an animation to tease the launch of Uniswap v3, packed with easter eggs and DeFi symbolism. The video gained over half a million views within the first 24 hours and became the most liked tweet on the Uniswap account. She listed the video for auction as an NFT on Foundation, and the bidding war ensued. The NFT eventually sold for 310 Ethereum, and all proceeds were committed to charity. What made this NFT sale special was the formation of the Pleaser DAO, a group of supporters/fans who came together to collectively bid on and win the NFT.

Q: What is a DAO, and why are they important?

A DAO, or decentralized autonomous organization, is a group organized around a mission that coordinates through a shared set of rules enforced on the blockchain. DAOs are like-minded individuals working together towards a common goal. Linda Shea from Scalar Capital describes them as a "hive mind of like-minded people." DAOs are important because they allow for collective decision-making, shared governance, and the pooling of resources.

Q: What is the philosophy of Pleaser DAO, and what are its three components?

The Pleaser DAO aims to become the patron of the non-fungible landscape, focusing on allocation of artistic and novel NFT assets, in-house software development, and funding talented teams. It is a triple-point DAO, concentrating on portfolio investment, incubation of ideas, and supporting skilled teams. The goal is to generate value within the DAO and explore innovative and programmatic concepts within the DeFi ecosystem.

Q: How does Pleaser DAO explore the merging of DeFi and NFTs?

Pleaser DAO can fractionalize their NFTs, allowing them to be sold for Ethereum, which goes back into the DAO. Buyers can stake their fractionalized pieces to earn governance tokens, representing shares of the DAO. Pleaser DAO also explores more complex ideas, such as creating a virtual piece that lends out its own components as a DeFi loan. This experimentation seeks to harness the demand for borrowing components and potentially shape inflation and interest rate curves.

Q: What is the significance of the accidental creation of Pleaser DAO?

What made the creation of Pleaser DAO special was the formation of a DAO specifically for the purpose of buying People Pleaser's Uniswap NFT. This random and unexpected outcome ensured that the NFT, which held great value to the DeFi community, did not end up in the hands of just one collector but was collectively owned by the DAO. The accidental aspect of its creation reflects the unexpected collaboration and the shared mission of doing good within the DAO.

Q: How does People Pleaser view the narratives surrounding NFTs and wealth generation?

People Pleaser acknowledges the focus on the huge wealth generated by popular artists and a specific group of people, but she believes it loses the point of decentralization. Her personal vision and goal do not revolve around amassing vast wealth. The Uniswap NFT auction was always intended to donate the proceeds. She emphasizes the importance of community ownership, particularly with a video that holds meaning for the entire DeFi community, rather than it belonging to just one person.

Q: What is the relationship between the rise of DAOs and the increasing complexity of the world?

People Pleaser sees a correlation between the rise of DAOs and the increasing complexity of the world. As the demands placed on collective human systems become more complex, it surpasses the ability of any single individual to fully comprehend them. DAOs provide a solution by bringing together like-minded individuals, each talented in their own field, to tackle complex challenges collectively. This is akin to how 3D animation works, where one person cannot create a Pixar movie alone, but a team of specialists can create something complex and beautiful.

Q: What is the second NFT that People Pleaser is auctioning, and what is its significance?

People Pleaser's second NFT is called "Apes Together Strong", which is an homage to the entire crypto community. The NFT features a "mecha ape" that represents the DAO, requiring human control and coordination to come together as a larger force. The girl in the mask symbolizes either People Pleaser or someone leading the way in the DAO. The NFT contains symbolism, such as the letter "A" on the ape's helmet, and will be auctioned for charity, specifically supporting autism advocacy, information, and support.

Takeaways

In this video, People Pleaser highlights the intersection of NFTs and DeFi, emphasizing the importance of DAOs and community ownership in the NFT space. She shares her journey as a digital artist and the creation of the Pleaser DAO, formed to collectively purchase her iconic Uniswap NFT. She explores the philosophy of the DAO, focused on supporting artists, software development, and funding talented teams. People Pleaser also discusses the possibilities of merging DeFi and NFTs, sharing ideas on fractionalization and innovative concepts. Ultimately, she sees DAOs as a way to tackle the increasing complexity of the world, drawing parallels to the collaborative nature of 3D animation. The video concludes with the introduction of her new NFT, "Apes Together Strong", which commits proceeds to charity.

Summary & Key Takeaways

• People Pleaser, a digital artist, discusses her background and how she entered the world of crypto and NFTs.

• She explains how she uses her animation skills to create educational and engaging content for the DeFi community.

• The artist shares the story behind the creation of the iconic Uniswap V3 teaser animation, which was sold as an NFT through an auction conducted by a newly formed DAO.