Nevertheless, DAOs are not without their challenges. The ideal design of DAOs is still being explored, exposing challenging governance questions which may ultimately stymie their growth and development. DAOs are not formally recognized and do not fit neatly into existing forms of business associations, making it difficult for DAOs to interact with... See more
Decentralized Bottlenecks: The vision for web3 is admirable. But Moxie set out to understand how the decentralized sausage is made in practice. He was not impressed. Moxie's first concern was that Web3 is not as decentralized as it claims. In this case, access to the basic infrastructure of web3 (the Ethereum blockchain) ends up being routed... See more
On June 7, Senator Cynthia Lummis (R-WY) and Senator Kirsten Gillibrand (D-NY) unveiled the long-awaited 69-page draft of the Lummis-Gillibrand Responsible Financial Innovation Act (“Act”). The Act is meant to create a regulatory framework for digital assets, pioneer legal reform and regulation across various regulatory entities, and update current... See more
The problem with “tokens at a discount” is that it is not always well received by communities. Many token holders question what value a VC investor will bring. Right now, the Sushi community is actively questioning if a discount is “worth it” in their forums and Discord.
In a world where many consumer platforms are distributing content primarily through online channels, creators and communities hold tremendous power in distribution through social platforms. They are our curators* in an increasingly noisy online experience. At the same time, consumer preferences are shifting to online experiences that are more... See more
Collector DAOs which acquire NFTs;Social DAOs that convene web3 communities;Collective/Cooperative DAOs in which groups of artists and engineers deliver services to other DAOs; andCharitable DAOs that promote good causes and public goods development.The variety within these different types of DAOs is demonstrative of communities coming together... See more