Stories

WHAT IS MIZU DAO?

2023.01.04

The web3 space is growing swiftly, consistent with the adoption rate of cryptos and decentralized apps. NFTs, metaverses, DeFi, and SociaFi projects are rising as the decentralized space gets traction. With this increased interest, more applications are being built on blockchain technology, exploring use cases and better product development techniques. The core concept of blockchain promises decentralization, transparency, and autonomy. Fulfilling this promise required the development of organizations that missed the hierarchical element and gave control to the end users. This is when DAOs came into being.

We are utilizing the concept of DAOs to bring value to creators, community members, and the project itself. All of this occurs without any intervention or manipulation by the team members or a third party. To understand this better, let’s take a look at the core concept of a DAO.

What is a DAO?

DAOs are decentralized autonomous organizations that work based on rules written in code. These organizations are automated to work on their own. A fully functional DAO utilizes the concept of decentralized governance, where the community gets the power to govern changes through voting procedures.

This system maximizes trust by bringing in transparency and minimizing the chance of manipulation. Ideally, each stakeholder gets an equal opportunity to vote on and govern the changes in the organization. This governance is made possible using governance tokens.

What is MIZU DAO?

MIZU DAO is a decentralized autonomous organization that will act as a digital incubator. This incubator will focus on all sorts of web3 projects, be it Decentralized exchanges, DeFi, or GameFi NFTs. The aim is to give value to the community members by investing in their projects and giving them a chance to govern the investments through voting.

As explained in the previous section, this project would be self-sustainable and autonomous. Since this is a user-run ecosystem, each user who votes on a proposal gets rewarded with the economic value generated from the project.

How does the MIZU DAO Work?

MIZU DAO plans on giving exclusive access to people holding their NFT. This NFT would act as a pass to unlock the DAO. This is where the users could vote on proposals that would get funding and incubation services from the DAO. The NFT holders would get exclusive airdrops and VIP rewards from the projects in the ecosystem as a way to return value to the community.

The backbone of the MIZU DAO is the Mizu Vault. This vault contains revenue generated from different streams that are to be used to provide services to the projects on the launchpad. The monetary value generated by this project is then divided between the vault and the users. Since the vault holds cryptocurrencies in its treasury, Mizu aims to allocate different currencies proportionally to the DAO so that there is consistent growth and, in turn, maximized treasury income.

Mizu collaborates with Japanese IP providers. The incubees can federally register their patents for their projects. This is one of the ways Mizu Vault makes revenue.

To begin with, we have started work on a SocialFi project called D3D Meta. This project aims to form a creator’s economy. The plan is to bring a metaverse to the platform where physical industries can achieve economic breakthroughs. The main focus would be music, comics, novels, and other creator-based projects. The DAO currently has more than ten projects in the pipeline. The team carefully vets these projects so that the project utilizes the money fairly and returns economic value to the DAO community.

Roadmap:

The roadmap is divided into 4 phases, namely spring, summer, autumn, and winter.

The spring stage started in Q1 of 2021 and ends in Q3. This phase is dedicated to the planning of D3D meta.
The summer stage, 2022 Q4–2023 Q2, is assigned for D3D meta to be initiated in its initial versions.
In 2022 Q3–2024 Q4, products related to music, comics, and books will be launched in the ecosystem. This is also when the incubation starts with a plan to launch 10+ projects.
The winter stage, 2025 Q1, will bring the main Mizu Chain platform to life.

Our team will drop its first NFT collection (Mizu Medals) in collaboration with the Binance NFT platform. All NFT generation and community transactions will take place on the BNB chain initially. This creates community trust through swift and cheap transactions. This NFT will develop its value through the utility, airdrops, and economic value provided by the DAO.

Once the foundations of the DAO are laid, the DAO will invest in making the community’s own blockchain ecosystem called the MIZU Chain. All projects will then be migrated to this chain.

Governance

Each DAO is run through a governance model. Initially, this governance will be driven through the Medals. Medal holders will guide the direction of development and hold equities.

The voting format would initially comprise the following steps:

DAO Medal holder initiates a proposal.
The proposal goes through a voting process.
The result of the votes would be decided.

In the long run, the DAO aims to create member roles based on their contribution. These roles would contain leaders, opinion leaders, team members, and the general public. This is to create incentives for members that contribute to the project better. This reward mechanism is termed Proof of Duty (POD) by the team.

Team

The idea of Mizu DAO was brought to life by a team of Japanese Lawyers and auditors. The founder, Takehito Imai, is a lawyer and a member of the Tokyo №2 Bar Association. His areas of expertise are IP, startups, branding, sports, and entertainment affairs. Takahiro Naito, the co-founder, also worked in a foreign law firm to specialize in the same areas. The third member of the founding team, Yuji Kato has experience working with huge names in the market like EY consulting, XP, Nomura Capital Partners, etc.

With the combined experience in startups and intellectual property rights, the founders laid the foundations for Mizu DAO and Mizu Labs, an ecosystem for web3 projects to build and thrive. Their extensive experience with global companies qualifies them to work with new projects in the market.

Join us in this revolution

DAOs are becoming increasingly popular in the web3 space. Each new project has a unique solution to a problem, and the use cases are being explored properly. We at Mizu DAO, however, are bringing a unique angle to governance by bringing in user and community roles.
Our DAO members will be incentivized to not only vote in the ecosystem but also contribute to the DAO in different ways. Furthermore, we have planned an ecosystem where creators and community members can both benefit economically from the overall model.

Are you interested in taking part of Mizu DAO? What are you waiting for? Join us on our official Telegram channel (link) and get involved!