The shape of this future is rapidly coming into focus and centers around an organization referred to by technologists as “decentralized autonomous organizations,” or DAOs. These DAOs operate with different assumptions than many of today’s traditional legal entities and other business associations. DAOs are not run by boards or managers, but rather... See more

If DAOs really are the future, if they end up supplanting joint-stock corporations as the best and most common way to organize economic activity, then I believe key early experiments like NounsDAO have a good shot at retaining their value. It would be like owning a piece of art connected to the East India Company. But this is only possible if the... See more

While DAO use cases tend to be specific to the blockchain industry right now, DAOs may also spread to more traditional areas. For example, joining a DAO may soon become more attractive than joining a startup because DAOs can provide liquidity much faster while allowing employees to directly participate in the governance of the organization.

The org structure of DAOs looks like modern day cooperatives, but over the next decade I believe their scale and impact will rival some of the world’s largest public companies.