Purple is a DAO whose goal is to proliferate and expand the Farcaster protocol and ecosystem. 

https://purple.construction/

i loved FC (and still do!) because it was an exciting web3 project that I could access w/o crazy crypto money.

i was initially stoked about @purple — and then realized it feels just like other plutocratic DAOs where governance rights are bought, not earned.

is $$ the best way for us to organize? what am i missing?

/ted | exploring the onchain frontier | surfing @ venice, ca | eating @ gjusta / gjelina

I am not really sure what @purple is. Is it an investment syndicate? Or is it a grant giving foundation? Being a DAO make sense for an investment syndicate. But for a foundation the traditional membership structure usually produces better outcomes.