crypto

I think memecoins are this cycle’s version of DAOs

There might be a few truly innovative examples of decentralized organizing, but the vast majority won’t go anywhere

on DAOs, i never understood why an investor would put money there. governance tokens don’t make sense, and you’re basically giving your capital to a bunch of friends on discord to make proposals for some 'public goods' ideas they had, but no one in the community actually votes

on memecoins, at least you know it's a liquid market for quick profits - just vibes, nothing serious

researching onchain | writing tomu.xyz founded overgie.com mintgate.io | nf.td/tomu

its all timing and narrative

plenty of solid tokens that came out of DAOs, and a huge market sector of memecoins that make it for timeframes that are relevant to the users who buy them 

this isn't condoning anything or saying people should buy memecoins (they already are, regardless)

home /openventures
work /clanker

DIRECT CASTS UNUSABLE FOR NOW

maker/dai 

aave/ghst

uniswap

GNO + SAFE

indeed all those are great projects and are in the top 10 DAOs based on their treasury

my question is: the "DAO IT" trend was mainly to legally be able to launch a token? cos a lot of new communities emerged just cos it was trendy

there are tons of shittier DAO tokens, its also just a regulatory issue - it was the option 2020-2022 cycle for a reason