How do I join an organization?

Get some clarity about how to join an organization on NATION and interact with your memberships.

The Basics

The process of becoming a member of an organization on NATION can vary depending on the specific organization and governance structure. However, here is a general overview of the process:

  • The organization issues NFTs: The organization creates and issues NFTs that represent membership in the cooperative. The NFTs can sometimes be traded or sold, and ownership of the NFT grants the holder certain membership rights, such as voting rights and a share of cooperative profits.
  • NFT purchase: The interested party purchases an NFT from the current owner or directly from the LCA.
  • Membership registration: Once the NFT is purchased, the new owner must register as a member of the LCA. This may involve providing personal information and signing membership agreements.
  • Access to membership benefits: After registration, the new member gains access to membership benefits, such as voting rights and a share of the profits. The member may also be expected to participate in the governance and decision-making of the LCA, depending on the LCA's rules.

It's important to note that the legal and regulatory requirements for membership in an LCA can vary depending on the jurisdiction, and it's important to consult with legal and financial professionals when considering membership in an LCA via NFT ownership. Additionally, the rules and governance structure of the LCA should be carefully reviewed before becoming a member to ensure that it aligns with the member's goals and values.