Is There a Future for DAOs?

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The DAO model is a new and different starting point. ESE 20, maybe can to some extent, but not to the same extent as NFTs. I think it's much more interesting to look at nouns through the lens of an organization than an NFT collection. And how that plays into the labs dynamic and everything that comes with that. We haven't necessarily seen organizations be built and created that result in DAOs with high proposal velocity. It's just like, these are hard models to play around with. With the big asterisks where it's like, everyone I think is operating with the best intent they can.

Nouns DAOs are having a moment in the spotlight, with Jacob Horne —founder of Zora — as one of the more prominent evangelists. In this conversation, Jess and Jacob discuss a core question: Why are ERC721 tokens (NFTs) a more compelling form of ownership than ERC20s? They explore the connection between Nouns DAOs and hyperstructures, and a compelling take that forkability is additive to the ecosystem as a whole. Nouns DAOs enable localized nodes of functionality, thereby increasing optionality and infinite possibilities for proliferating a community meme. Communities exist, communities want to do things together, and they need a medium to do that — the Nouns model provides the tools to do exactly that.