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DAOs

artificial intelligenceDAOsNFTs and digital objectsphilosophyvisual art
·Jul. 22, 2019

What Finance can learn from the Evolution of Beautiful Artificial Intelligence Art

However, mastery is not immune to automation. As a profession, portraiture melted away with the invention of the Camera, which in turn became commoditized and eventually digitized. The value-add from painting had to shift to things the camera did *not* do. As a result, many artists shifted from chasing realism to capturing emotion (e.g., Impressionism), or to the fantastical (e.g., Surrealism), or to non-representative abstraction (e.g., Expressionism) of the 20th century. The use of the replacement technology, the camera, also became artistic -- take for example the emotional range of Fashion or Celebrity photography (e.g., Madonna as the Mona Lisa). The skill of manipulating the camera into making art, rather than mere illustration, became a rare craft as well -- see the great work of Annie Leibovitz.

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DAOsdecentralized financephilosophyventure capital
·Sep. 30, 2019

You don’t get to cheat just because you like to win — on WeWork, Politics, and Fintech

Feelings and emotions at industry events matter. The narrative at the more traditional conferences is that Fintech innovation is just incremental improvement, and that blockchain has struggled to bring production-level quality software and stand up new networks. This isn't strictly true -- see komgo, SIX, or any of the public chains themselves -- but the overall observation does stand. Much of Fintech has been channeled into corporate venture arms, and much of blockchain has been trapped in the proof-of-concept stage, disallowed from causing economic damage to existing business.

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CryptoDAOsdecentralized financedigital securities / STO
·Jun. 22, 2020

Everyone should trade the billions in DeFi Structured Products! Or do digital asset derivatives need custodians and regulators?

This week, I grapple with the concepts of financial centralization and decentralization, anchoring around custody, staking, and DeFi examples. On the centralized side, we look at BitGo's acquisition of Lumina, Coinbase Custody and its similarity to Schwab and Betterment Institutional. On the decentralized side, we examine the recent $500 million increase in value within the Compound protocol, as well as the recursive loops that could pose a broader financial risk to the ecosystem.

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DAOsdecentralized financemacroeconomicsstablecoins
·Apr. 23, 2021

Building the foundational money DAO (Decentralized Autonomous Organization) in DeFi, with Rune Christensen of Maker Foundation

In this conversation, we talk with Rune Christensen of Maker Foundation about how he became one of the most influential builders in the DeFi ecosystem. Additionally, we explore the creation, experiences, and evolution of Decentralized Autonomous Organizations (DAOs), the nuances of stablecoins, the interaction between Maker and DeFi with traditional finance and traditional economies, and Maker’s approach to leveraging layer 2 solutions to aiding scalability and transaction throughput.

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DAOsMetaverse / xRNFTs and digital objectsvisual art
·May. 3, 2021

The top 5 NFT trends for 2021, and current state of the NFT market

This week, we discuss the current state of the NFT markets, and our top 5 trends for NFTs beyond the initial hype:

  • Incumbent media NFTs and enterprise IP networks

  • Programmatic and generative art, and the blockchain medium

  • Digital Museums, DAOs, and the growth of the Metaverse

  • What it means to own the NFT: IPFS and multi chain support

  • Integration into DeFi and traditional portfolio management

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DAOsentrepreneurshipmonetization / commercialphilosophyventure capital
·May. 10, 2021

Lessons from Elon Musk, Warren Buffett, Galaxy Digital, and the emerging DAOs for building a Fintech empire

This week, we cover these ideas:

  • The difference between building a Fintech company, and building an empire to transform the world

  • How Warren Buffett is the best in the world at getting leverage through third party capital to grow

  • How Elon Musk is the best in the world at re-investing capital into his own judgment and view of the future

  • The $1.2B BitGo acquisition by Galaxy Digital, and the growing footprint of Alameda Research

  • DAOs as a way for all of us to participate

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DAOsdecentralized financefixed incomemicroeconomics
·May. 21, 2021

Rob Leshner of Compound on creating a multi-billion DeFi lending protocol, and innovation under constraint

In this conversation, we talk with Robert Leshner of The Compound Protocol about the early days of crypto and how a fascination with Ethereum smart contracts drove him to build one of the largest DeFi projects to date.

Additionally, we explore the nuances of lending and interest rates, consumer privacy software and data monetization, floating interest rate pools of capital across different token pairs, DAO evolution and its influence on mechanism design, the role Compound plays in chain interoperability, and the discovery of yield farming as a means for user incentivisation.

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civilization and politicscrowdfundingDAOsICO / IEONFTs and digital objectsvisual art
·Jun. 24, 2021

Inspiring creativity, collaboration, and visual conversation by harnessing decentralized tech, with Beatriz Helena Ramos of DADA.art

In this conversation, we talk with Beatriz Helena Ramos – artist, entrepreneur, film director, producer and illustrator – the mind behind DADA.art. DADA is “a space where everything is about cooperation and solidarity, which are amazing ways to allow self-expression, as well as constant inspiration. Additionally, we provide simple tools to encourage creativity, and erase intimidation.”

More specifically, we discuss Beatriz’s journey to creating DADA, decentralized power structures, community-inspired creative collaboration, assymetric rewards in NFT markets driving new value distribution methodologies, DADA’s latest project called “The Invisible Economy”, and technology-inspired and centric approaches to empower artists in the future.

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DAOseCommercemarketingmicroeconomicsNFTs and digital objectsSocial / Communityvisual art
·Jul. 4, 2021

Luxury and Fashion market structure applied to finance, NFTs, and DAO

Luxury and fashion markets are structurally different from finance or commodity markets in that they seek to limit supply in order to generate value. This increases price and social status. We can analogize these brand dynamics to what is happening in NFT digital object markets and better understand their function as a result.

We’re not cool. That’s why we’re in finance.

But people want to be cool. As highly social and intelligent animals, we want and need to belong, differentiate against each other, and negotiate for status. We create signals and hierarchies to create pockets of relational capital, which we then cash in for real world benefits.

Such mammalian realities are contrary to the economic rendering of the homo economicus, the abstracted rational agent making choices in financial models. In 2021, our financial models are waking up and instantiating themselves, becoming Decentralized Autonomous Organizations (DAOs), spun up by DeFi and NFT industry insiders, and implemented into commercial actions onchain.

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DAOsdecentralized financegenerational changemarketingSocial / Community
·Jul. 18, 2021

The difference between Gen Z and Millennial online culture, resulting in DAOs, decentralization, and creative financial communities

Gen Z is becoming a cultural force, reshaping culture and online society. This is starting to echo in fintech startups and crypto protocols. We explore how financial communities are beginning to congeal into DAOs, their nature and structure, and potential longer terms outcomes. The analysis identifies the differences in Millennial and Gen Z approaches — however imperfectly — to explain the frontier of social tokens and why ShapeShift chose decentralization, while Revolut chose decacorn funding.

DAOs are not socialist communes built for the benefit of humankind. Rather, they are techno-fortresses to defend, and make valuable, exclusive online tribes.

Whereas Millennials dream about a VC-funded unicorn startup, permissioned into wealth with capital from traditionally successful investors, Gen Z and crypto natives dream about bottoms-up community syndicates with trillions to spend on the sci-fi future, unshackled from regulatory overhang and the sins of the 2008 quantitative-easing past.

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