Governance

In YOM, there are three levels of governance: platform governance, creator governance and individual governance. For each, we defined a set of legal structures and design patterns.

Platform Governance

Like most businesses and crypto projects, commercial entities are fundamentally in control of the intellectual property. While this allows for the project to accelerate towards a commercially sustainable ecosystem, it may conflict with the long term vision of the project.

Therefore platform governance is entirely delegated to the DAO. The DAO is responsible for defining and voting on content policies and will eventually have a significant say in defining the board of directors for the commercial entity. The more $YRX you have, the more power in the DAO. Simple.

Creator Governance

Regarding the decision-making and moderation within metaverses, brands/studios/artists (creators) will naturally keep sovereignty over anything that happens with and within their metaverse as long as it adheres to the restrictions set by the DAO.

Additionally, creators can further refine which type of content is allowed in their metaverses and which restrictions apply to visiting users. This gives creators the flexibility to create adult experiences, but won't require other creators to apply the same (age-related) restrictions on their content.

The thesis here is that as long as the fundamental governance systems are decentralized, any subsystem this will inherit the decentralized properties from this governance system. This way we can retain sovereignty with creators as long as they remain within the boundaries set by the DAO.

Accountability

While YOM has systems in place for community-driven governance, YOM does not create its own content and therefore cannot be directly held accountable for content created as NFTs on the blockchain. The reason for this is the immutable nature of the blockchain. Therefore, the creator rather than YOM is held accountable for any illegally created content or any consequences thereof.

Individual Governance

Since individual preferences vary significantly, a DAO alone is not sufficient. Therefore as an additional design principle, users have the ability to block (types of) content within their personal experience and/or apply universal filters to control what content they may experience.