We haven’t heard much about Sony’s Layer-2 blockchain Soneium since its testnet’s introduction in 2023. Now, the company has announced a four-week contest where creators, developers, and users can explore Soneium’s capabilities.
The campaign will be hosted on the Galxe platform and will focus on gaming, communication, and creativity.
This sense of unity lies at the core of Web3 philosophy, particularly decentralized autonomous organizations (DAOs) like Lido and MANTRA. Community governance drives these projects toward shared goals and is often more effective than centralized decision-making.
If Soneium gains mainstream adoption, these DAOs could also benefit 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 to date (behind only Pepe Unchained).
The reason for such strong momentum is community support against institutional investors – presale buyers have become tired of whales manipulating the market and decided to rise up against them.
$WEPE holders will receive key trading insights to help them find hidden crypto gems and profit like never before.
While technically not a DAO, Wall Street Pepe checks all the boxes of one:
- 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 creating a freer crypto market where regular traders don’t get hoodwinked by large whales.
The concept of DAOs is not new, but never before has a project encouraged active participation this way. In traditional DAOs, users often forget to exercise their governance rights because they don’t have a strong incentive. Wall Street Pepe changes this.
The presale hasn’t ended; there’s still an opportunity 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 Bright Future
MIND of Pepe ($MIND) is another community-centric meme coin presale that takes a different approach to DAO-based rewards.
The AI agent will curate crypto recommendations and insights after analyzing trends and crypto intelligence in real time.
Better yet, this will be an automated process. The AI will interact with influencers and engage with decentralized communities and platforms all by itself.
Although not a traditional DAO project, $MIND behaves like one in every way. Holders will receive exclusive rewards in the form of crypto insights and analyses.
And everyone is incentivized to HODL and contribute to the ecosystem by staking their tokens. So far, 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 price increasing in the next 14 hours.
Considering the AI industry is estimated to reach $826B by 2030, it’s easy to see how AI agent projects like $MIND are catching so much investor attention.
3. Audius ($AUDIO), With Soneium, Might Reignite the Decentralized Music Revolution
Audius is an established project that hit the market in 2020. However, after the initial hype wore off, it struggled to gain adoption, and the value of the $AUDIO token dropped from $4 to $0.13.
The Soneium mainnet launch might breathe new life into $AUDIO.
Audius is a decentralized music streaming protocol that gives creators full control over their content. It also connects artists with fans through direct messaging and live streams.
Traditional music streaming apps like Spotify take up to 70% of artist revenue. This means that indie creators can barely earn enough for coffee, so Audius implements a tipping system where artists get 100%.
Soneium’s and Audius’ vision aligns, so the project might very well migrate from Solana to this new network in the future.
4. MANTRA ($OM) Surges 4,503% Year-to-Date, New 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 new all-time high of $5 three days ago.
What’s so special about it? And is this the top?
MANTRA is a decentralized finance protocol that offers services like staking, lending, and real-world asset tokenization. But community-led governance is one of MANTRA’s main 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 as an example for other DeFi platforms on the network.
Final Remarks
The main 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 new governance and economic models where anyone can make an impact.
But remember, while these projects hold much promise, no gains are guaranteed in the crypto world. We remind you to DYOR and diversify to offset potential losses.
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