Sail GP - is an English Language translation available

[dunedin]

An announcement from Sail GP starts with “a member-based community creating new immersive partnerships and experiences using innovative Web3 structures, today announced they are launching a SailGP fan-owned racing team across Bermuda and the Caribbean. Using a DAO structure and built on the NEAR Protocol, this team is expected to open new opportunities in sports ownership and fan engagement.”
See here - First fan-owned team launches for SailGP

A bit of googling decodes DAO as a Decentralised Autonomous Organisation “is an emerging form of legal structure that has no central governing body and whose members share a common goal to act in the best interest of the entity” with decisions apparently not made by a central organisation but instead “The voting process for DAOs is posted on a blockchain”.
Not quite sure therefore how they can have a CEO, as quoted, as that sounds rather centralised and conventional. And quite how you can have a stable race team if every decision needs to be made by a group of investors on the blockchain. Somewhat differnt from Sail GPs typically very autocratic team principals (and Mr Ellison himself).

 

[Praxinoscope]

Someone at Sail GP appears to be suffering From a severe attack of verbal diarrhoea.
A common affliction when attempting to create the impression that something momentous is occurring when it is really just a matter of shifting of the furniture.

 

[LONG_KEELER]

Someone at Sail GP appears to be suffering From a severe attack of verbal diarrhoea.
A common affliction when attempting to create the impression that something momentous is occurring when it is really just a matter of shifting of the furniture.

Yes. How to inform people of something in English delivered via corporate technobabble that no one understands and completely fails to achieve it's objective.

Really enjoyed the SailGp in Bahrain last weekend. Lots of the time unable to foil, fantastic starts , close action and GB getting two outright wins.

 

[Poignard]

An announcement from Sail GP starts with “a member-based community creating new immersive partnerships and experiences using innovative Web3 structures, today announced they are launching a SailGP fan-owned racing team across Bermuda and the Caribbean. Using a DAO structure and built on the NEAR Protocol, this team is expected to open new opportunities in sports ownership and fan engagement.”
See here - First fan-owned team launches for SailGP

A bit of googling decodes DAO as a Decentralised Autonomous Organisation “is an emerging form of legal structure that has no central governing body and whose members share a common goal to act in the best interest of the entity” with decisions apparently not made by a central organisation but instead “The voting process for DAOs is posted on a blockchain”.
Not quite sure therefore how they can have a CEO, as quoted, as that sounds rather centralised and conventional. And quite how you can have a stable race team if every decision needs to be made by a group of investors on the blockchain. Somewhat differnt from Sail GPs typically very autocratic team principals (and Mr Ellison himself).

WTF?

 

[KompetentKrew]

Web3 / DAO means cryptocurrency nonsense.