Hello,
Answer to “Self Sustainability” and “Challenges” lies in
- Generating cash flow for the DAOs
- Investing the return so it’s safe and hedged against inflation.
Cash Flow generation
- Research team for finding out cash flow generating opportunities online
- We need a team of 2-3 members that can find out multiple areas of opportunity for the art we have on NEAR to be either sold directly, or get projects for artists from wherever there is a requirement or an opportunity to generate income from
- Creating products and artwork that are already in demand. Guided meditations, Tarot Cards, companies looking for various artists for their design or art requirements etc, design and art projects for NGOs etc
- Venturing into web 2.0 sites like, redbubble.com , Printify.com. They print your design and send it to the customer giving you your commission in the least hassle way possible
- Leveraging Upwork and other freelance platforms for NEAR creative guilds
- We have a translators guild, writers guild, huge amount of video and audio professionals. We should have guilds made for other creative collectives as well.
- We can have a team set for setting up accounts on multiple marketplaces and pitch to poetential clients in order to get more work.
- With the size of our teams we can almost get every project if pitched correctly and can generate consistent income if managed well.
- We can also build a website to showcase the pool of talent we have for buyers and companies to choose from for their projects. This can be shared with marketing agencies locally and globally as they can get the talent from everywhere in the world now.
- Create Affiliate marketing site for multiple niches ( This is a non-conventional one, but has a huge upside in my opinion)
- Affiliate marketing sites are like passive income generating assets which can be sold for a huge multiple (if a site is generating 1k USD it can be sold for 30-35K USD on various marketplaces
- SEO researchers, website developers and writers are the main pillars of an affiliate marketing site. If we start generating content for the web 2, it can still pay a decent amount of returns.
- Best part is it becomes partially passive as you dont have to write a lot of articles once you have a good amount of articles generating revenue.
- Please check flippa.com or empireflippers.com to understand what is the market like and the size of sale that we can reach through these websites
- Evey DAO can run their own affiliate site which can help them in generating some kind of passive income and it can be sold quite easily as an asset as well.
Investing using crypto native functionalities (Not my expertise, Just something I do for myself)
- Staking (Near staking on ref.finance can generate upto 70% annually)
- Buying a Node (Octopus network has come with an opportunity to buy it’s node for ( 7.5K USD which will generate some amount of passive income for the DAO )
These are the areas I feel we all should be looking at to get active, passive and consistent returns. These are just a few areas that can generate income and provide stability. Please feel free to share your opinions and if you have any ideas that popped up while reading this 