Jetplane
Jetplane
Jul 07, 2022 - Jul 14, 2022
Blockchain: Cardano Cardano
Tags

In summary, Jetplane is a DAO that supports projects and technologies in the Web3 landscape through focused groups called Squadrons. Members of Jetplane, called Officers, hold a designated rank and have access to rewards based on their role and performance. The organization is funded through the sale of Officer Cadet and Wing Commander tokens, and value is returned to the Officers through various mechanisms.

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Explanation of the Key Terms

NFTs

NFTs have revolutionized the world of digital art and collectibles, providing a new level of authenticity and ownership in a digital realm. With NFTs, artists and creators can showcase their work in a unique way, allowing collectors to own a one-of-a-kind piece of digital art. The blockchain technology used in NFTs allows for the verification of the originality and ownership of the artwork, making it possible for creators to monetize their work and collectors to have a verified, unique piece. NFTs are not limited to art, however, as they can also represent anything that can be digitized, including music, videos, and even virtual real estate. As the popularity of NFTs continues to grow, they are poised to transform the world of digital ownership and create new opportunities for both creators and collectors.

DAO

DAO, or Decentralized Autonomous Organization, is a new way of organizing entities and decision-making through blockchain technology. A DAO is a community-driven organization that operates through a set of smart contracts, allowing its members to make collective decisions without the need for a centralized authority or hierarchy. Members of a DAO can propose and vote on proposals that can affect the direction and operations of the organization. The use of blockchain technology ensures transparency, security, and immutability, making DAOs an appealing alternative to traditional organizations. DAOs can be used for a variety of purposes, including crowdfunding, investment, and social causes. As the technology and understanding of DAOs continue to evolve, it is expected that they will play a more significant role in shaping the future of organizations and decision-making processes.

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