Traversing the uncommon boulevard: entrepreneurial trajectory of decentralised autonomous organisations (DAOs)

Oguntegbe, Kunle Francis; Paola, Nadia Di; Vona, Roberto

doi:10.1080/09537325.2023.2200857

Cited by 7 publications

(3 citation statements)

References 56 publications

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“…This involved ongoing data collection and evaluation, as well as consultation of relevant literature. By iterating between our data set and theoretical framework, we refined the first-order codes until we achieved data saturation (Oguntegbe et al ., 2023).…”

Section: Methodsmentioning

confidence: 99%

Value creation in the metaverse age: a thematic analysis of press releases

Ferrigno,

Di Paola,

Oguntegbe

et al. 2023

IJEBR

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PurposeSince Zuckerberg's announcement to change Facebook's name to Meta Platforms Inc. on October 28, 2021, the concept of the metaverse has gained unprecedented popularity in the business world. Tech giants, SMEs and start-ups across various sectors are making substantial investments in metaverse-related technologies. Despite this, scholarly research in entrepreneurship and strategic management regarding the metaverse remains limited. This paper, grounded in value creation theory, aims to analyze how value is generated in the metaverse era.Design/methodology/approachThis paper conducts a thematic analysis of 895 press releases published by LexisNexis between October 28, 2021, and October 28, 2022. The analysis identifies the primary emerging themes related to value creation in the metaverse age.FindingsThe thematic analysis reveals four significant emerging themes concerning value creation in the metaverse age: (1) factors enabling value creation, (2) digital resources contributing to value creation, (3) motives driving value creation and (4) practices of value creation.Originality/valueThis paper represents the inaugural attempt to analyze the metaverse through a value creation lens. Given the substantial investments and growing academic interest in the metaverse, understanding value creation in this context is a pressing concern. Additionally, this study provides valuable insights and suggests critical questions for future research on the metaverse.

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Section: Methodsmentioning

confidence: 99%

Value creation in the metaverse age: a thematic analysis of press releases

Ferrigno,

Di Paola,

Oguntegbe

et al. 2023

IJEBR

Self Cite

View full text Add to dashboard Cite

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“…Integrity and Authenticity Assurance -Blockchain's decentralized and immutable nature ensures NFT integrity and authenticity (101 Blockchains 2021;Oguntegbe et al 2023).…”

Section: Key Areas Descriptionmentioning

confidence: 99%

Not So New Kid on the Block: Accounting and Valuation Aspects of Non-Fungible Tokens (NFTs)

Jayasuriya,

Sims

2023

JRFM

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Aggregated trading volume in February 2023 across the leading six NFT marketplaces totalled USD 1.89 billion. This reflects a continuing positive trajectory, marked by a 91.9% month-on-month (MoM) growth from January 2023, where NFT trading volume amounted to USD 987.9 million. This study conducts a systematic review and textual analysis of industry and academic articles on NFTs primarily related to Accounting, Finance, and Information Systems where the NFT is treated as a tradable digital asset. The sample period spans 2012 to 30 June 2023, using an initial set of 5549 and a final set of 146 articles. In addition, the authors develop an NFT valuation framework, using Scopus bibliometrics data and public domain materials, that can aid in the fair valuation of NFTs and understanding their accounting implications. We further examine the accounting implications of NFTs in terms of international accounting standards, fair value recognition, taxation, auditing, and the metaverse. NFTs have the potential to become a cross-technology and cross-field topic, attracting interest from auditors, accountants, financial institutions, accounting professional bodies, regulators, governments, and investors.

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“…ReFi is a term connected to DeFi, as they both use the same tools, but ReFi is focused on services linked to regenerative economics (Schletz et al 2023). KlimaDAO, a project with the goal of combatting climate change (Oguntegbe et al 2023), aims to establish a carbon-based cryptocurrency, participating in the voluntary carbon market using Web3 technology, where Web3 is a broader concept of the evolution of the internet, where the data is stored and distributed through a decentralized network, utilizing the transparency, inclusivity, and immutability that blockchain technology allows, and the processes can be automated using smart contracts (Murray et al 2023). Each KlimaDAO token's (KLIMA) value is alleged to be backed by one carbon ton from tokens issued by Moss Earth, Toucan protocol, and C3 protocols, whose tokens are backed by carbon offset credits from carbon registries like Verra and Gold Standard (KlimaDAO 2022).…”

Section: Introductionmentioning

confidence: 99%

DAO Dynamics: Treasury and Market Cap Interaction

Karakostas,

Pantelidis

2024

JRFM

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This study examines the dynamics between treasury and market capitalization in two Decentralized Autonomous Organization (DAO) projects: OlympusDAO and KlimaDAO. This research examines the relationship between market capitalization and treasuries in these projects using vector autoregression (VAR), Granger causality, and Vector Error Correction models (VECM), incorporating an exogenous variable to account for the comovement of decentralized finance assets. Additionally, a Generalized Autoregressive Conditional Heteroskedasticity (GARCH) model is employed to assess the impact of carbon offset tokens on KlimaDAO’s market capitalization returns’ conditional variance. The findings suggest a connection between market capitalization and treasuries in the analyzed projects, underscoring the importance of the treasury and carbon offset tokens in impacting a DAO’s market capitalization and variance. Additionally, the results suggest significant implications for predictive modeling, highlighting the distinct behaviors observed in OlympusDAO and KlimaDAO. Investors and policymakers can leverage these results to refine investment strategies and adjust treasury allocation strategies to align with market trends. Furthermore, this study addresses the importance of responsible investing, advocating for including sustainable investment assets alongside a foundational framework for informed investment decisions and future studies in the field, offering novel insights into decentralized finance dynamics and tokenized assets’ role within the crypto-asset ecosystem.

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Traversing the uncommon boulevard: entrepreneurial trajectory of decentralised autonomous organisations (DAOs)

Cited by 7 publications

References 56 publications

Value creation in the metaverse age: a thematic analysis of press releases

Value creation in the metaverse age: a thematic analysis of press releases

Not So New Kid on the Block: Accounting and Valuation Aspects of Non-Fungible Tokens (NFTs)

DAO Dynamics: Treasury and Market Cap Interaction

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