Just as the Ethereum network continues to show us the way toward a fairer internet, Sports DAOs will show us the way toward the future of fandom, says Adam Miller of MIDAO in this op-ed for CoinDesk's Culture Week.
The Den co-founders, the duo behind the viral hit ConstitutionDAO, says solving coordination issues is the biggest challenge for on-chain organizations.
With bitcoin shifting from flying high above $25K to sinking to $23.6K since yesterday, plus a look at rethinking business models through DAOs, CoinDesk’s “Markets Daily” is back with the latest news roundup.
Avraham Eisenberg claims he need not return any more than the $67 million of the $114 million worth of tokens he gained using a complicated trading system.
Whereas corporations accumulate capital, decentralized autonomous organizations accumulate engagement and focus on returning benefits to all participants.
Call it a culture shift or an evolutionary process, why this group of crypto-natives is building "public goods" for the longterm rather than focusing on short term profits.