Collectively Owned Units - Decentralized Autonomous Organizations

Reflections, a new addition on the RA Exchange, takes a magnifying glass to long-form journalism on our website. On each episode, writers break down their latest feature in an effort to shed more light on underlying issues surrounding the story. As part of Resident Advisor's technology month, senior staff writer Nyshka Chandran investigated how blockchain networks known as Decentralized Autonomous Organisations (DAOs) are looking to disrupt the global nightlife industry. Here, she outlines how she came across the niche world of Web3 nightlife and explains the cautious sentiment behind this fast-growing sector. While several DAOs throw parties featuring electronic music artists, only a few seek to operate their own venues and transform the process of event curation, she notes. But their lofty ambitions are tied to the fate of the cryptocurrency market, which could ultimately make or break a DAO, she warns. Listen to the full conversation for more details.