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I actually don't think that is what happening. I think these DAO's are promotional vehicles to drive an increase in hype and price of the underlying tokens on N
by ketamine__ 5y ago
I actually don't think that is what happening. I think these DAO's are promotional vehicles to drive an increase in hype and price of the underlying tokens on NFT platforms. There are going to be suckers that come along and help the promoters expand the market.
There are technology gaps like Optimism that are funded by VC's. This is a promotional gap funded by... who knows? But it's likely a fund.