TED Tech

Could a DAO build the next great city? | Scott Fitsimones

Oct 28, 2022
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INSIGHT

Urban Development Challenges

  • America's urban spaces need extensive updates, including infrastructure, green spaces, and affordable housing.
  • Private development, while a potential solution, presents its own set of challenges.
ANECDOTE

CityDAO's Origin

  • Scott Fitsimones and online collaborators pooled cryptocurrency to purchase 40 acres in Wyoming.
  • This land acquisition led to the formation of CityDAO, a decentralized autonomous organization.
INSIGHT

DAOs vs. Traditional Companies

  • DAOs offer a collaborative alternative to traditional company structures, with members contributing capital and making decisions as a group.
  • Unlike traditional companies, DAOs distribute wealth and management more broadly among members.
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