Understanding NFTs and Decentralised Autonomous Organisation (DAO)
Non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs) are not just buzzwords—they are powerful innovations that are set to turn the business world upside down. These technologies, rooted in the principles of blockchain, are poised to revolutionize how businesses operate, how value is exchanged, and how communities are governed. This module will take participants on a deep dive into the world of DAOs and NFTs, exploring their origins, mechanics, and transformative potential.
DAOs, inspired by the birth of blockchain technology in 2009, represent a groundbreaking approach to organizational management and financial services. Often described as the “ultimate combination of capitalism and progressivism,” DAOs leverage smart contracts and decentralized governance to create organizations that are both autonomous and democratic. In this module, participants will gain a comprehensive understanding of DAOs, learning how they function, how they are structured, and how they are governed. They will explore real-world examples of DAOs in action, discovering the various ways these entities are reshaping industries from finance to social impact.
In addition to DAOs, the module will cover non-fungible tokens (NFTs), another blockchain-based innovation that is transforming the concept of ownership in the digital age. Participants will learn about the unique characteristics of NFTs, how they are created and traded, and their various applications across industries such as art, entertainment, real estate, and gaming. The course will also explore the inherent governance mechanisms within NFTs and how they are being integrated into DAOs to create new forms of decentralized ownership and community-driven projects.
The future of DAOs and NFTs is full of potential, and this module will provide participants with the knowledge and insights needed to navigate this rapidly evolving landscape. By understanding the traits and applications of these technologies, participants will be better equipped to recognize opportunities, innovate within their industries, and contribute to the ongoing transformation of the business world.
At the end of the 2-days course, participants will be able to:
- Understand how DAOs, DEX and NFTs are involved in the Web 3.0 space
- Discover the landscape of the NFT marketplace and understand the demand and supply surrounding it
- Understand the problems a DAO system aims to address (principal-agent dilemma)
- Explore the benefits and downsides of the DAO in organisations
- Define the use of DAO in real-world scenarios, i.e., investment, charity, fundraising, borrowing, buying NFTs, etc.
- Learn how a DAO is centrally governed by key stakeholders in real-world scenarios
- Develop innovative solutions to existing organisational limitations using DAO
WHO SHOULD ATTEND
- Entrepreneurs and Start-up Founders: Individuals looking to leverage the disruptive power of DAOs and NFTs to innovate and create new business models in various industries.
- Business Leaders and Executives: Those interested in understanding how decentralized technologies can be integrated into existing business frameworks to enhance efficiency, transparency, and community engagement.
- Blockchain Enthusiasts and Developers: Anyone with a passion for blockchain technology who wants to deepen their knowledge of DAOs and NFTs and explore their practical applications.
- Artists, Creators, and Content Producers: Professionals in the creative industries looking to explore how NFTs can revolutionize digital ownership, monetization, and rights management.
- Policy Makers and Regulators: Individuals involved in crafting the legal and regulatory frameworks for emerging technologies who need to understand the implications and potential of DAOs and NFTs.
Course Duration
- 2-Days: 9 am to 5 pm
Course Fees
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SGD 254.00* (*after max funding from SkillsFuture Singapore)
Trainer details to be updated
Sample SMU Academy Certificate
FAQ
How would I know if my registration is successful?
After registration, you will be directed to payment if 1) there are no pre-requisites documents needed 2) application is within T-60 days
*Additionally, all successfully registered participants will receive a confirmation email 7 calendar days before course commencement.
What happens if the course I enrolled in is cancelled/postponed?
1) For cancelled courses -> SMU will cancel the enrolment and refund nett fees received.
2) For postponed courses -> SMU will transfer participant to the following date, if the participant is unable to attend, SMU will withdraw and refund nett fees received.
How can I claim my SkillsFuture Credits (SFC)?
There is no need to submit any external claims for SFC, you can apply it directly during the payment stage of your registration
How does registration under company-sponsored work?
You will need your company’s HR/manager to create a corporate account with SMU and generate a unique link (expires 5 days before course commencement) for the selected course.
You can then register using this link. *You are also required to create an individual account with SMU via SingPass
How can I receive my certification?
You will receive an email (registered under SingPass) when your cert (.opencert format) is ready. You can view and access it via your Skills Passport on the SkillsFuture portal or SMU student portal (eteams).
When will my certificate be ready?
1) Self-sponsored -> From the 14th working day after the course completion date.
2) Company-sponsored -> Within 14 working days upon receipt of payment.
How do I retreive receipts for my payment?
Login to your student portal and click on ‘View Invoices/Receipts‘
When do I make payment?
You should be redirected to the payment page upon successful registration. Alternatively, you can login to the student portal > ‘Outstanding Payment’ to make payment for the course.
How do I withdraw from a course?
SMU Academy applies an administrative charge of S$109.00 (inclusive of GST) for each request to withdraw from a course. To submit your request, you will need to fill up the post-enrolment form. All requests must be submitted by the course end date, otherwise nett course fee will be charged and non-refundable.
What is the attendance policy for the courses?
Participants must attain a minimum of 75% attendance in order to be awarded a Certificate from the Singapore Management University.
