---
# System prepended metadata

title: 'DAO of the Week, SporkDAO'
tags: [DAO of the Week]

---

---
###### tags: `DAO of the Week`
---

# DAO of the Week, SporkDAO

### TLDR

SporkDAO is an offshoot of ETH Denver looking to seed new web3 projects and share investment profits to its decentralized community.

### Content

SporkDAO hopes to capitalize on the amazing innovation that takes place yearly at ETH Denver and create shared ownership that spans web2 and web3. 

The community seeds promising web3 projects and hackathon winners, with investors capped at 2x return on investment. Any profits beyond 2x from successful web3 projects go toward $SPORK token holders, where they can be redeemed dividend-style. 

[SporkDAO](https://www.sporkdao.org) is a legally recognized cooperative in Colorado that works closely with ETH Denver and runs its treasury on Gnosis. 

