DAO

Governance vesting to a DAO

Governance is designed to move towards a true Decentralized Autonomous Organization (“DAO”), it is essential that in the early phases of the transition, PLAY ensures governance stability in the ecosystem’s nascent phases.

Phase	Rights
Version 0 - Q3 2024 / Token generation event	None. Decisions in the first phase are handled by PLAY.
Version 1 - Q2 2025	Votes in this phase primarily focus around which devs and creators should receive token incentives to join the ecosystem, from the Ecosystem Fund.
Version 2 - Q4 2025	More votes related to smaller issues. PLAY continues to control what comes up for a vote. Possibility to expand voting methods to normalize between smaller token holders and larger token holders (e.g. Potentially changing the way votes are being counted from 1 token 1 vote to Quadratic voting.)
Version 3 - Q2 2026 Decentralized Organization	PLAY no longer controls the voting agenda. $PLAY holders determine which governance framework should be used and how much should be voted on. Some decisions will not be up for debate such as token supply which is iron-clad in smart contracts. Potential things that can be voted on: Should the ecosystem continue to pay PLAY to develop and manage it? Should other utility tokens be directly integrated into the ecosystem? How should the Ecosystem Fund continue to operate?

Note: any rewards for staked player objects related to FuseBlocks contracts are not envisoned to include governance rights.