House of Wisdao - Whitepaper
  • House of WisDAO - Muslim Innovation
  • Background: Muslim Innovation & Philanthropy
  • HoW and our mission to support innovation for the future
  • House of WisDAO (HoW)
  • Our Motivation
  • HoW NFTs: Membership in the DAO
  • How can I acquire a House of Wisdao NFT?
  • What is Utility in NFTs?
  • HoW Endowment
  • HoW stakeholders - Contributors
  • HoW stakeholders - Management
  • HoW stakeholders - Community NFT holders
  • Expectations on Engagement from all stakeholders and role-players
  • HoW NFTs - Community held NFTs
  • HoW Grants: Supporting web3 innovation
  • HoW Governance
  • Treasury Management (TM)
  • Yield generation & Roadmap
  • Dispute Resolution
  • Appendix 1
  • Appendix 2
  • Appendix 3
  • Appendix 4
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  • Why NFTs?
  • NFTs in the context of the House of Wisdao decision making process

HoW NFTs: Membership in the DAO

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Last updated 1 year ago

HoW NFTs represent a global community of like-minded persons (and institutions) with a shared value system, ethos and digital identity.

When considering whether to join the HoW Community, on , , or other community platforms, the following words and feelings should resonate with you:

  • Philanthropic Endeavors - HoW supports innovative projects in the web3 space that are aligned with Muslim values through grants.

  • Innovation - the HoW Treasury will be used to generate Return on Investment () and this RoI will be deployed in the form of , towards projects which are building solutions in the Web 3 ecosystem.

  • Social Impact - HoW is designed to function as a decentralized endowment and at its essence is the mission of of driving development in the Web 3 ecosystem.

  • Shariah Principles - HoW will only select projects which are compliant with shariah principles.

  • Endowment - HoW will function as an endowment fund.

  • Continuity - since the DAO treasury will never be depleted, continuity of the DAO is critical. Tradability of NFTs and sound DAO Governance serve to ensure that the prevailing community always democratically controls the treasury.

Why NFTs?

NFTs have utility in the ‘virtual’ crypto ecosystem as well as the real world economy. The quintessential example of a project that uses NFTs to grow and evolve their brand with rewards for NFT holders in the crypto and real worlds, is .

NFTs in the context of the House of Wisdao decision making process

Our approach to classes of NFTs relies on the classes of decisions that will be made within the ambits of the DAO as a .

For example, if we take a grant funding situation, the process includes 3 decision making agents, namely, Contributors, Community and Management. Resulting in the DAO granting voting rights to each class of NFT holders to support decision making and governance in the areas that these agents are responsible for, eg., Grant Funding (contributors & community), (management & community), Protocol changes (management & community), Election of DAO officials (community), Day to Day operations (management) etc.

These classes of decisions are broken down into those made by the following agents:

  • Contributors

  • Management

  • Community

The details of the rights, privileges, responsibilities and other requirements as well as a detailed description of the NFTs held by each of these agents will be discussed in further detail later in this document.

Telegram
Discord
Snapshot
RoI
grant funding
Nike Cryptokicks
juristic person/entity
Treasury Management