#1 - Building the future of DAOs (Decentralized Autonomous Organizations) with Nick Naraghi from Hats Protocol I The Decentralized Podcast by Petri Basson

Summary:

Nick Naraghi also known as NintyNick si the co-founder of Hats protocol. He has a very interesting background in start ups and DAOs and we cover a lot of ground in this interview.

Nick discusses the role of masterminds in his career and how they have helped him set goals and track progress. His passion for self-development and the impact it has had on his personal and professional growth. Common mistakes startups make and emphasizes the importance of user feedback and selling skills.

Nick gives some insights on running remote teams and the challenges and strategies involved. The conversation shifts to Nick's involvement with Eden Gov and the framework they created for progressive decentralization.

Finally, Nick explains the concept of HATS protocol, which allows for tokenized power and the delegation of decision-making authority in DAOs. HATS is a powerful tool for DAOs, allowing for the creation of complex and programmatic structures. It provides a clear and legible way to express bylaws and governance structures, making it easier for members to understand their roles and responsibilities. HATS also enables the automation of governance processes, such as eligibility criteria and toggle modules.

The mobile version of the HATS app is being launched, providing a user-friendly interface for DAO members. The integration of AI agents with HATS is an exciting possibility for the future. The scalability of blockchain through L2 solutions is a key area of interest and exploration.

Chapters:

·       00:00 Masterminds and Self-Development

·       03:09 Looking after yourself as a founder

·       5:15 Common mistakes made by startups

·       08:31 Strategies for Remote Teams

·       10:50 Lessons learned from Eden DAO

·       14:28 Explaining Hats Protocol to an eight year old

·       16:06 Specific issues Hats can fix in Dao’s

·       19:55 Accountability in DAO’s using Hats Protocol

·       23:26 Hierarchies in Dao’s

·       25:49 Hats signer gates

·       28:40 Changing user access using Hats

·       31:00 Connecting onchain and offchain using Hats

·       33:39 How Hats can interact with foundations

·       37:23 Hats as a public utility

·       38:40 Treasure DAO implementing Hats

·       40:50 DAOs interacting with DAO’s using Hats Protocol

·       42:00 AI agent using Hats Protocol

·       46:15 Automating Governance with Eligibility Modules

·       49:45 Automating participation rights and capture resistance in DAOs

·       50:47 Emerging democracy and reputation tracking

·       52:04 Toggle modules in Hats

·       53:56 Using toggle modules for admin access to protocols

·       54:50 Claimable hats

·       58:12 Visualizing and interacting with DAO structures

·       59:24 Expressing Bylaws using Hats

·       01:02:05 What Nick is excited about in the DAO industry

·       01:05:21 What is Nick afraid of in the industry at the moment

Lear