A content platform wants to reward creators directly from consumers without a platform taking a cut. The platform also wants to ensure that the reward distribution is transparent and cannot be altered by any single party. Which approach best fits Web3 principles?

Use a traditional payment processor that sends funds to creators after deducting fees

Use a private ledger maintained by the platform to track payments

Use a smart contract that distributes micropayments to creators based on on-chain votes or tips

Use a DAO to vote on each payment, but execute payments manually

An online community wants to create a DAO to manage a shared treasury. Members will propose how funds are spent, and decisions must be transparent and executed automatically without a central administrator. Which combination of features should the DAO implement?

Off-chain voting with a trusted admin executing decisions

On-chain voting with a multi-signature wallet for execution

Token-weighted voting with manual fund transfers by the founding team

Smart-contract-based voting with automatic execution of approved proposals

A music streaming platform wants to pay artists directly and transparently based on streaming counts, without a central intermediary managing royalties. They also want artists to retain ownership of their music metadata. Which approach best fits Web3 principles?

Keep the current centralized royalty system but publish monthly reports.

Use a private database to track streams and send payments via bank transfers.

Create a token that fans can buy, but continue to distribute royalties manually.

Use smart contracts to distribute royalties automatically based on streaming data, and store music metadata on-chain or in a decentralized storage system.

A startup is building a decentralized file-storage platform where users pay per gigabyte and expect to retain control over their data. The founders want the platform's governance decisions—such as fee changes and storage-node incentives—to be made transparently by the community rather than by a central team. Which combination of Web3 principles and DAO mechanics should the founders adopt?

Keep governance off-chain in a forum and store all user data on a centralized cloud to reduce costs and complexity.

Allow any user to propose changes directly to the smart contract without a voting mechanism, and store data on a public blockchain.

Store all metadata on a public blockchain and let token holders vote on protocol parameters through a DAO, with user data stored off-chain in encrypted form.

Use a multi-sig wallet controlled by the founding team to approve all changes, and store user data on-chain for full transparency.

A DAO is facing a governance crisis: a proposal to change the protocol's fee structure is highly controversial, and the community is split. The DAO's token distribution is skewed, with a few large holders controlling most of the voting power. The DAO wants to make a decision that is both legitimate and likely to be accepted by the broader community. Which approach is most appropriate?

Let the largest token holder decide unilaterally to break the deadlock.

Cancel the proposal and never change the fee structure.

Hold a vote with no quorum and a 24-hour voting period to get a quick decision.

Run a governance process that includes a temperature check, a formal on-chain vote, and a time-lock before execution, while also exploring a compromise proposal that addresses the concerns of the minority.

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Principles of Web3 and the Role of DAOs BBLC Practice Questions (Page 7)

Part of the DeFi, NFTs, and Web3 Business Models domain, which makes up ~6% of our current practice bank.

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Questions 31–35

31application · medium
A content platform wants to reward creators directly from consumers without a platform taking a cut. The platform also wants to ensure that the reward distribution is transparent and cannot be altered by any single party. Which approach best fits Web3 principles?
Select an answer first
32application · medium
An online community wants to create a DAO to manage a shared treasury. Members will propose how funds are spent, and decisions must be transparent and executed automatically without a central administrator. Which combination of features should the DAO implement?
Select an answer first
33application · medium
A music streaming platform wants to pay artists directly and transparently based on streaming counts, without a central intermediary managing royalties. They also want artists to retain ownership of their music metadata. Which approach best fits Web3 principles?
Select an answer first
34application · medium
A startup is building a decentralized file-storage platform where users pay per gigabyte and expect to retain control over their data. The founders want the platform's governance decisions—such as fee changes and storage-node incentives—to be made transparently by the community rather than by a central team. Which combination of Web3 principles and DAO mechanics should the founders adopt?
Select an answer first
35expert · hard
A DAO is facing a governance crisis: a proposal to change the protocol's fee structure is highly controversial, and the community is split. The DAO's token distribution is skewed, with a few large holders controlling most of the voting power. The DAO wants to make a decision that is both legitimate and likely to be accepted by the broader community. Which approach is most appropriate?
Select an answer first

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Principles of Web3 and the Role of DAOs BBLC Practice Questions (Page 7)

Questions 31–35

A content platform wants to reward creators directly from consumers without a platform taking a cut. The platform also wants to ensure that the reward distribution is transparent and cannot be altered by any single party. Which approach best fits Web3 principles?

An online community wants to create a DAO to manage a shared treasury. Members will propose how funds are spent, and decisions must be transparent and executed automatically without a central administrator. Which combination of features should the DAO implement?

A music streaming platform wants to pay artists directly and transparently based on streaming counts, without a central intermediary managing royalties. They also want artists to retain ownership of their music metadata. Which approach best fits Web3 principles?

Keep studying — DeFi, NFTs, and Web3 Business Models