brokeDAO

brokeDAO is a community for students who like to work together and create solutions with the help of web3 technologies. Members receive an NFT which changes dynamically with the help of Revise.

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Inspiration

DAO stands for Decentralised Autonomous Organisation, it may sound very intimidating but in reality a DAO is just a community with a shared bank account. They are member-led communities where any new initiative has to be proposed by the members, who then vote on it to be either passed or rejected. The voting rights and rules around spending DAO funds are governed by a code aka smart contracts .

I am a believer in sharing of power and also an open source contributor, this falls right under the principles of a DAO and hence i wanted to make one for students and contributors worldwide.

What it does

brokeDAO is for students who want to work on projects in the web3 space and build a community.

All brokeDAO members receive an NFT when they become a member, as the members contribute and propose ideas to the communities which lead to big innovations, with the help of Revise their membership NFTs change dynamically and show the stats of the user such as contributions made, ideas proposed and many more.

The aspect of dynamically changing NFTs using Revise and governance tokens which help members create and vote on proposals creates an incentive for the members to contribute and BUIDL the community.

How we built it

To BUIDL brokeDAO, the most important part was creating the smart contracts which acts as a backbone for the community.

Using thirdweb I,

☑️ deployed my own custom erc20 token.

☑️deployed my own ERC-1155 NFT that people can mint to join the DAO.

☑️deployed my own governance contract + treasury.

Challenges we ran into

Being new to Revise I faced challenges to integrate the technology in my project. But after spending some time with the docs I believe I can integrate Revise within my project in the future updates.

Accomplishments that we're proud of

Creating a dApp is one of the major achievements of this project.

What we learned

Throughout the BUIDL process, I learned a lot.

  • I learned how to use thirdweb technology to create solidity smart contracts.
  • I used react and javascript to connect the smart contracts to my front-end.
  • I learned how to host projects on vercel.

What's next for brokeDAO

The next update of brokeDAO will include a Revise integration which will help create NFTs for the users.

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