We haven’t heard much about Sony’s Layer-2 blockchain Soneium since its testnet’s introduction in 2023. Now, the corporate has announced a four-week contest where creators, developers, and users can explore Soneium’s capabilities.
The campaign will likely be hosted on the Galxe platform and can concentrate on gaming, communication, and creativity.
Sony is heavily invested in media production and distribution through Sony Pictures and Sony Music, so Soneium gives power back to artists, game developers, and fans through accessible, inclusive content.
This sense of unity lies on the core of Web3 philosophy, particularly decentralized autonomous organizations (DAOs) like Lido and MANTRA. Community governance drives these projects toward shared goals and is usually more practical than centralized decision-making.
If Soneium gains mainstream adoption, these DAOs could also profit from growing demand for projects that put the community first.
1. Wall Street Pepe ($WEPE) Raises $63M with Community-Centric Approach
Wall Street Pepe ($WEPE) is an interesting DAO-like crypto project. Still on presale, it raised over $63M, becoming the second-most-popular presale thus far (behind only Pepe Unchained).
The explanation for such strong momentum is community support against institutional investors – presale buyers have grow to be bored with whales manipulating the market and decided to stand up against them.
$WEPE holders will receive key trading insights to assist them find hidden crypto gems and profit like never before.
While technically not a DAO, Wall Street Pepe checks all of the boxes of 1:
- Strong community incentives and a loyal foundation
- Rewarding users for participating in ecosystem decisions
The project is all about giving power back to the unbanked and making a freer crypto market where regular traders don’t get hoodwinked by large whales.
The concept of DAOs isn’t recent, but never before has a project encouraged lively participation this manner. In traditional DAOs, users often forget to exercise their governance rights because they don’t have a powerful incentive. Wall Street Pepe changes this.
The presale hasn’t ended; there’s still a possibility to buy $WEPE at a low price and join this rapidly growing community. Experts predict $WEPE to surge 100x after it’s listed on exchanges.
2. MIND of Pepe ($MIND), an AI Agent with a Vivid Future
MIND of Pepe ($MIND) is one other community-centric meme coin presale that takes a distinct approach to DAO-based rewards.
The AI agent will curate crypto recommendations and insights after analyzing trends and crypto intelligence in real time.
Higher yet, this will likely be an automatic process. The AI will interact with influencers and interact with decentralized communities and platforms all by itself.
Although not a standard DAO project, $MIND behaves like one in every way. Holders will receive exclusive rewards in the shape of crypto insights and analyses.
And everyone seems to be incentivized to HODL and contribute to the ecosystem by staking their tokens. To date, over 670M tokens have been staked for a jaw-dropping 522% APY.
One $MIND is now $0.0032144, and the presale has raised $4.2M, with the value increasing in the following 14 hours.
Considering the AI industry is estimated to achieve $826B by 2030, it’s easy to see how AI agent projects like $MIND are catching a lot investor attention.
3. Audius ($AUDIO), With Soneium, Might Reignite the Decentralized Music Revolution
Audius is a longtime project that hit the market in 2020. Nevertheless, after the initial hype wore off, it struggled to realize adoption, and the worth of the $AUDIO token dropped from $4 to $0.13.
The Soneium mainnet launch might breathe recent life into $AUDIO.
Audius is a decentralized music streaming protocol that offers creators full control over their content. It also connects artists with fans through direct messaging and live streams.
Traditional music streaming apps like Spotify take as much as 70% of artist revenue. Because of this indie creators can barely earn enough for coffee, so Audius implements a tipping system where artists get 100%.
Soneium’s and Audius’ vision aligns, so the project might thoroughly migrate from Solana to this recent network in the long run.
4. MANTRA ($OM) Surges 4,503% Yr-to-Date, Latest Records Ahead?
MANTRA ($OM) is the second-largest DAO token with a $4.4B market cap. It grew 4,503% since January 2024 and hit a recent all-time high of $5 three days ago.
What’s so special about it? And is that this the highest?
MANTRA is a decentralized finance protocol that provides services like staking, lending, and real-world asset tokenization. But community-led governance is one in all MANTRA’s most important appeals.
On top of that, MANTRA integrates the Cosmos ecosystem for interoperability with other blockchains through the Inter-Blockchain Communication protocol.
As an Ethereum-based project, MANTRA could also integrate with Soneium and lead for example for other DeFi platforms on the network.
Final Remarks
The most important difference between Web2 and Web3 isn’t the technology – it’s the vision. Projects like Soneium, Wall Street Pepe, MIND of Pepe, Audius, and MANTRA create recent governance and economic models where anyone could make an impact.
But remember, while these projects hold much promise, no gains are guaranteed within the crypto world. We remind you to DYOR and diversify to offset potential losses.