A THREAD on most insightful tweets on DAOs, web3, NFT++ by @ianIDEO:
1/
DAOs are a tech, financial, organizational, governance, process, legal & social innovation wrapped in one.
1/
DAOs are a tech, financial, organizational, governance, process, legal & social innovation wrapped in one.
2/
The degree of disruption DAOs is already having on the future of work, organizations, venture, capital, social networks is mind bending.
2023 is already here, it's just not evenly distributed yet.
The degree of disruption DAOs is already having on the future of work, organizations, venture, capital, social networks is mind bending.
2023 is already here, it's just not evenly distributed yet.
3/
DAOs represent humanity’s best hope to more fairly distribute power, wealth, and work across the internet.
DAOs represent humanity’s best hope to more fairly distribute power, wealth, and work across the internet.
4/
DAOs are going to unbundle the firm.
Phase 1: governance mgmt
Phase 2: treasury mgmt
Phase 3: inter-DAO workflow mgmt
Phase 4: inter-DAO ERP systems
Phase 5: inter-DAO service markets
DAOs are going to unbundle the firm.
Phase 1: governance mgmt
Phase 2: treasury mgmt
Phase 3: inter-DAO workflow mgmt
Phase 4: inter-DAO ERP systems
Phase 5: inter-DAO service markets
5/
The most important problems in society relate to the centralization of power, money, work & tech.
I wish ppl would see how crypto represents one of humanity’s best hopes at solving all of them in an integrated way.
Speculation in crypto is a bet that this is true.
The most important problems in society relate to the centralization of power, money, work & tech.
I wish ppl would see how crypto represents one of humanity’s best hopes at solving all of them in an integrated way.
Speculation in crypto is a bet that this is true.
6/
People don’t fully get that crypto is where the future of tech is headed & that crypto can do things 1000x better.
TransferWise just gifted 0.006% of the company to 2,000 users.
Crypto startups are giving 30-70%+ of the network to users.
User-owned tech will win long-term.
People don’t fully get that crypto is where the future of tech is headed & that crypto can do things 1000x better.
TransferWise just gifted 0.006% of the company to 2,000 users.
Crypto startups are giving 30-70%+ of the network to users.
User-owned tech will win long-term.
7/
All software enabled marketplaces will eventually become user-owned via blockchains.
It's better for users (e.g., equity, lower fees, more agency/control).
Because it's better for users, user-owned marketplaces will over time outcompete most centralized marketplaces.
All software enabled marketplaces will eventually become user-owned via blockchains.
It's better for users (e.g., equity, lower fees, more agency/control).
Because it's better for users, user-owned marketplaces will over time outcompete most centralized marketplaces.
8/
Blockchains = Web3 servers + DBs
Smart contracts = Web3 apps
Public keys = Web3 usernames
Private keys = Web3 passwords
Tokens = Web3 platform assets
Tokenomics = Web3 business models
NFTs = Web3 media assets
DAOs = Web3 social networks
Blockchains = Web3 servers + DBs
Smart contracts = Web3 apps
Public keys = Web3 usernames
Private keys = Web3 passwords
Tokens = Web3 platform assets
Tokenomics = Web3 business models
NFTs = Web3 media assets
DAOs = Web3 social networks
9/
Crypto is not exponential tech.
Crypto is *compounding* exponential tech.
Crypto's openness + composability enables compounding exponential innovation that we don't see in any other area of tech that can combine:
+ Layer 1/2
+ DeFi
+ NFTs
+ Social tokens
+ DAOs
++
Crypto is not exponential tech.
Crypto is *compounding* exponential tech.
Crypto's openness + composability enables compounding exponential innovation that we don't see in any other area of tech that can combine:
+ Layer 1/2
+ DeFi
+ NFTs
+ Social tokens
+ DAOs
++
10/
Things people once thought were bad ideas:
Bitcoin
Ethereum
Dapps
Tokens
AMMs
Over collateralization
DeFi
NFTs
Things not yet viewed as good ideas but will end up being big:
DAOs
DID
TCRs
Multi-chain
Under collateralization
CeFi + DeFi
Personal/social tokens
Things people once thought were bad ideas:
Bitcoin
Ethereum
Dapps
Tokens
AMMs
Over collateralization
DeFi
NFTs
Things not yet viewed as good ideas but will end up being big:
DAOs
DID
TCRs
Multi-chain
Under collateralization
CeFi + DeFi
Personal/social tokens
11/
NFTs are quickly evolving from creator and brand drops to digital community memberships and pieces of internet culture.
We’re seeing the emergence of crypto-native subreddits organically emerge now—and it’ll ultimately construct Web3 social graphs.
NFTs are quickly evolving from creator and brand drops to digital community memberships and pieces of internet culture.
We’re seeing the emergence of crypto-native subreddits organically emerge now—and it’ll ultimately construct Web3 social graphs.
12/
The future of NFTs:
- Experiences
- Memories
- Self-expression
- Personality
- Intelligence (human, AI)
- Identity
- Stories
- Narratives
- Memes
- Culture
- Metaverse
The future of NFTs:
- Experiences
- Memories
- Self-expression
- Personality
- Intelligence (human, AI)
- Identity
- Stories
- Narratives
- Memes
- Culture
- Metaverse
13/
“Crypto is eating VC.”
Soon, every VC will need to become a crypto VC.
Not long from now, every crypto VC will become a investing DAO.
And then, every investing DAO will be socially networked.
“Crypto is eating VC.”
Soon, every VC will need to become a crypto VC.
Not long from now, every crypto VC will become a investing DAO.
And then, every investing DAO will be socially networked.
14/
Crypto will commoditize venture capital to point where values, principles, culture, community, and what investors stand for become the strongest sources of competitive advantage long-term.
It's no longer about king-makers—it's about creating a more equitable system for all.
Crypto will commoditize venture capital to point where values, principles, culture, community, and what investors stand for become the strongest sources of competitive advantage long-term.
It's no longer about king-makers—it's about creating a more equitable system for all.
15/
Bitcoin introduced money primitives.
Ethereum introduced software primitives.
DeFi introduced finance primitives.
Crypto Punks introduced culture primitives.
@lootproject has introduced a primitive for story, narrative, and world building.
Bitcoin introduced money primitives.
Ethereum introduced software primitives.
DeFi introduced finance primitives.
Crypto Punks introduced culture primitives.
@lootproject has introduced a primitive for story, narrative, and world building.
16/
Drivers of the next bull market:
— New BTC ATH
— Growth in creator economy powered by social tokens & experience-led NFTs
— CeFis that take DeFi mainstream
— Democratization of investing at scale via DAOs
— Breakout crypto social media platforms with new user interactions
Drivers of the next bull market:
— New BTC ATH
— Growth in creator economy powered by social tokens & experience-led NFTs
— CeFis that take DeFi mainstream
— Democratization of investing at scale via DAOs
— Breakout crypto social media platforms with new user interactions
17/
NFTs are memberships into digital communities.
Social tokens are currencies that help digital communities economically coordinate.
DAOs are fully or partially automated entities that help digital communities get specific jobs done.
Everything is connected.
NFTs are memberships into digital communities.
Social tokens are currencies that help digital communities economically coordinate.
DAOs are fully or partially automated entities that help digital communities get specific jobs done.
Everything is connected.
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