#5 - Building Governance for the Sandbox DAO with Cyril Forte from The Sand Box

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The Decentralized Podcast

11 episodes

6 days ago

Let's explore the world of blockchain innovation. In every episode, we will discover what excites the changemakers in the industry. We discuss the complex problems they're working on and how they believe the blockchain can shape the world. Learn their tips and tricks, the strategies they use, and the tools they rely on in the always-changing world of blockchain. This podcast is not just tech talk – it delves into the real stories of the people behind the technology. Discover their dreams, what makes them tick, and the challenges they face. This podcast peeks into what the future has in store.

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#5 - Building Governance for the Sandbox DAO with Cyril Forte from The Sand Box

The Decentralized Podcast

1 hour 17 minutes 20 seconds

1 year ago

#5 - Building Governance for the Sandbox DAO with Cyril Forte from The Sand Box

#5 - Building Governance for the Sandbox DAO with Cyril Forte from The Sand Box Join us on the Decentralized Podcast as Cyril Forte, Head of Decentralization at Sandbox, shares his journey from growing up on military bases to becoming a leader in Web3 technology. Cyril explains how DAOs (Decentralized Autonomous Organizations) use tokens and software to reinvent democracy, focusing on transparency and accountability. In this episode, Cyril discusses the Sandbox DAO's council role, constitution design challenges, and governance setup. He highlights the influence of landowners' voting power, community engagement, and the team's role in managing proposals. Cyril also explores the importance of legal frameworks for DAO operations, potential industry challenges like scams and bubbles, and the exciting intersection of AI and Web3. Join us for an exploration of building resilient decentralized communities in today's digital world. Chapters 00:57 - Growing up in multiple different locations 03:00 - Working internationally 04:06 - Main challenges when working with international teams 06:26 - Deciding to move away from a traditional career 09:40 - First introduction to DAOs 11:20 - The main differences in working between Web 2 and Web 3 14:20 - Some of the challenges as a single dad 18:41 - What is DAO? 23:13 - Where to start with design for a DAO constitution? 26:12 - How to decide on an initial council and how council terms work 30:10 - The importance of a council 30:38 - How do council elections work? 33:39 - Exploring SIPs: challenges and innovations in Web3 governance 38:04 - What decisions are you making with votes? 40:15 - Structuring different levels of improvement proposals 45:10 - Voting with LAND and tokens in Sandbox 47:39 - How do you ensure you have high-quality improvement proposals? 47:23 - The value of a project management team 51:52 - How Sandbox allocates budgets for specific areas in their grants 55:56 - Which legal jurisdictions should you consider when setting up a DAO? 58:07 - The value of a foundation to avoid capture by individuals 58:33 - How do you select your lawyer, director, supervisor, and DAO admin? 01:00:38 - Why you need people who can deal with problems they have never seen before 01:04:00 - What Cyril wishes he knew before setting up a DAO 01:05:08 - The skillset you need to set up a DAO 01:07:38 - What is Cyril excited about in the space 01:12:21 - What is Cyril concerned about in the industry 01:15:35 - Learn more about Sandbox and the DAO