Main Street Bets

-Cryptonetworks and decentralized autonomous organizations (DAOs) as the future of internet-native co-ops: Such networks address two major issues that have prevented traditional cooperative businesses from becoming pervasive: access to capital and complexity of governance. With the issuance of a token, cryptonetworks can benefit from market specula... See more

On one hand, DAOs allow people to choose how they work and associate with communities where they are value-aligned. On the other hand, by reducing much of work into atomic units and purely financial incentives for actions, we risk reducing people’s meaning to purely financial rewards. We risk turning work into discrete, meaningless tasks, where lab... See more

For the past years, the outsized narrative of DAO as an alternative to venture capital dims the light of its much more profound, and much more interesting potential — a fluid, programmable, modular social network that is by design global, transparent, and collaborative. DAO has the potential to become a new frontier of belonging, to create a new sp... See more

Some DAOs have already gone IRL. In New York, for example, Chapman points out how EmpireDAO rented “a bunch of offices where the Supreme building is…and I know a few other projects that are also thinking a lot about IRL.”