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FAQ’s



What is a DAO?


DAO stands for Decentralized Autonomous Organization and it’s an entity with no central leadership where decisions are not top to bottom. It’s nothing more than a group of individuals that came together to experiment and implement the ideals of Web3.0 thus creating new relationships among equals and distributing resources in a transparent way.  DAOs are controlled by the organization members around a specific set of rules enforced via a blockchain. Incubadora DAO exists within the NEAR ecosystem and NEAR is a proof-of -stake blockchain.


What is blockchain?


The term blockchain emerged from the intersection between technology and finance and has gained the world's attention in the last few years. It’s a  system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. They are pieces of code created online that carry information and they are connected in a chain of blocks, hence the name. This system is the base for all crypto coins and their functioning.


What is a cryptocurrency and what it means for Incubadora?


A cryptocurrency or cybercoin is a medium of exchange that can be centralized or decentralized, making use of technology such as blockchain and cryptography to ensure the safety of transactions and the creation of new coin units. Bitcoin, the first decentralized cryptocurrency, was created in 2009 by a user nicknamed Satoshi Nakamoto. Since then, many other cryptocoins have been created.

We are an organization sponsored by
NEAR, that supports artists and creators, through a proof-of-stake blockchain based on developing a creative community of individuals. We created a DAO (Decentralised Autonomous Organization) inside NEAR, that stands for a group, collective or organization that uses blockchain technology in transactions and in the making of transparent collective decisions. NEAR is also a cryptocurrency, and we aim to use it as a means of payment to reward all participants, artists and creators that join our collaborative community.


What is DeFi?


It stands as an abreviation for “Decentralized Finance”, meaning it is not controlled by a bank or government. It is a broad concept that applies to all disruptive technology that removes the need for third party mediators in financial applications. DeFi is the foundation of blockchain.


What is Web3?


Web3, or web 3.0, is used to describe a novel era for the Internet, more open, decentralized and free. Some of the fudamental concepts of this new paradigm include: open-source, transparency and collaboration. Blockchain is the technology that enables the implementation of these concepts in new ways of governance, organization and distribution of resources.



How to participate in Incubadora’s projects?


To participate in Incubadora’s projects you need to keep an eye on the Near Forum and our other communication channels. Through them we will announce our latest opportunities for specific projects, open calls, bounties and other activities. Keep in mind that, in order to apply to any proposals, you will need to use the Near Forum. This is the platform we use to evaluate all applications and new proposals. If you have any questions, contact us for further information.


How to make a report of your activities?


Once you participate in one of our projects and get support from Incubadora, it will be required that you present a monthly report, describing what work you have developed in the past month. This monthly report must be publlished in the Near Forum with the title reference [REPORT], under INCUBADORAPTDAO category.

In this report you should state the maximum amount of information about the project and your activities, so that everyone in our creative community can access this information.


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