Are DAOs the future of companies?
That’s what a lot of DAO members love to say. They talk up the decentralized governance and open decision-making, all with token allocation as the motivating incentive. They get things done entirely over Discord, and rave about the network effects of the groups. (At our Ethereal Virtual Summit May, the founder of BeetsDAO, a DAO for investing in Euler Beats NFTs, said the wonders of DAO networking led his group to a collaboration with Snoop Dogg.)
But to borrow the catchphrase of ESPN College GameDay legend Lee Corso: Not so fast, my friend.
You may have read that we at Decrypt are in the process of building a media DAO with friends and advisors from Gitcoin, Friends with Benefits, ACJR, The Defiant, and more. In the open and public spirit of DAOs, we’ve been radically transparent in sharing our lessons from the sandbox. So in the same spirit, here’s one of my biggest takeaways already: DAOs are noisy and chaotic. Some members engage obsessively; o
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