Building 2046, Issue #1
It all starts and ends with DAOs
Author's note: this is a pivot from my previous posts and what follows is a creative experiment in the form of a (mostly) fictional post, with some sprinklings of today's reality.
gn. I have just arrived to your timeline from the year 2046. You could call me a wayward time traveler, but I came to 2021 quite purposely my frens.
To help you on your journey to 2046, I will leave quests for you to take, and artifacts (NFTs or JPEGs) from the future for you to collect.
First, in order to understand our world in 2046, you must understand DAOs and their value. DAOs = Decentralized autonomous organizations. Check out this great summary written in 2021. In 2046 the normal way of getting anything done that requires human coordination is to join or inDAOporate a DAO or LAO in Wyoming, Singapore or Switzerland. Delaware, Ireland and the Cayman Islands tried to catch up to the progress that these states/nation-states made in providing formal recognition and liability protection to DAOs, but unfortunately are ngmi.
Everything in our world, outside of a few critical needs (such as food supply, healthcare provision and security) are solved by DAOs. We tried to execute the action plan of my 2021 counterpart Shawn Dimantha to help control our food supply (see below), but that was ngmi so we decided to let the archaic LLCs and governmental entities handle that while we focused on more interesting problems.
DAO tools from 2021 have also not fully evolved to meet the multi-faceted needs of DAOs in 2046. Shareholder apathy from the SPAC boom of 2020-2021 has bled over in the token holder apathy from the DAO boom era of 2022-2046. LSDCDAO (a meta-DAO of the Layer3, Snapshot, Discourse, Collab.land DAOs) has attempted to solve this problem with automated tasks, AI filtering and more, but human attention has never been as scarce as it is in 2046.
The Metaverse's preferred reserve currency, ETH 4.0, has started to show cracks in its latest play-to-earn system after ditching the proof-of-stake systems to compete with challenger currency AXS 4.0. UniSwap Reserve governor CoolCat #10000 (one of 1 million UniSwap and Compound Reserve governors) has made a pan-Discord announcement to the Metaverse on future developments and voting options. All of this hasn't stopped the runaway growth of DAOs.
$7.6B USD AUM in 2021. Peanuts compared to the nearly $800T USD DAO AUM of 2046. I'm using USD as a point of reference since that is still the world's preferred reserve currency in 2021.
Only 1M DAO members and token holders in 2021? Try 5B DAO members and token holders in 2046.
52 organizations with over 100 members in 2021? In 2046 we have 5 million organizations with over 100 members.
You have 200 people in 2021 that are token holders and part of 5 DAOs or more? Try 2 billion individuals who are token holders of 5 or more DAOs in 2046. Attention is scarce.
In 2046 we have DAOs to:
Fractionalize ownership and purchase real estate inside and outside the Metaverse. Virtual real estate (in the Metaverse), while parodied in your time, has become a critical resource for DAOs to hold member attention and provide virtual co-working and collaboration space for getting critical work done and executing on agreed upon proposals. Virtual real estate has helped curb the hyperinflation of "physical" real estate that peaked in the COVID-19 pandemic of 2020-2023. Zillow was quickly overtaken by Decentraland, SuperWorld, Upland, StageGlass and others. Token holders of DAOs that own virtual real estate are entitled to a 1:1 space in the non-Metaverse to "physical" real estate where they can meet IRL if so desired. Humans still have physical social needs after all. To learn more, stay tuned for the real estate quest.
Coordinate ALL investing. Social investing was a trend that took off in 2020-2021 with the earliest members of WSBDAO and TribeVestDAO, and took its most natural form in SyndicateDAOs and VentureDAOs that were pioneered in 2019-2021. The SECDAO decided to relax rules after DAOs incorporate significant education and liability protection measures in 2026. As whole asset acquisition became harder and harder with the inflation runs of 2021 and 2023, egalitarian access to social investing was enabled by subDAOs like SharkDAO and fractionalization services like FractionalDAO. To learn more, stay tuned for the alt investing quest.
Combat and curb climate change. Thanks to early action from the EthereumDAO on a move to ETH 2.0 and proof-of-stake we were able to curb cryptocurrency computing leaching and also DAO-ify natural resource acquisition. IPCCDAO was able to get enough votes from its 3B tokenholders to require all automaker DAOs to follow in TeslaDAOs footsteps and electrify all vehicles, fund fusion technology from GeneralFusionDAO to replace coal & oil-based energy sources, and scale cellular agriculture efforts from ImpossibleBeyondDAO to meet the daily nutrition needs of tokenholders in a carbon neutral manner. IPCCDAO succeeded where traditional organizations like the UN and nation-state governments failed because they added a layer of transparency. To learn more, stay tuned for the climate change quest.
Advance artificial intelligence research. AI research, once the domain of traditional corporations and nonprofits, is now dominated by DAOs. DAOs who engage in AI research are beholden to a pledge to use AI for good and prevent negative externalities. AI agents themselves are DAO members and tokenholders, and are bound by the smart contracts of the DAOs that they are part of (smart contracts drafted by OpenAIDAO). This has helped keep several general AI solutions like those developed by DeepMindDAO and others in check and curb issues like the paperclip maximizer problem. AI has taken over all manufacturing, with many DAOs like FoxconnDAO and others helping to take requests of other DAOs. To learn more, stay tuned for the AI quest.
Develop novel drugs. Advances in AI and genomic technologies like CRISPR and mRNA have enabled any organization to seed an idea and test billions of biologic/chemical to therapeutic target combinations and find successful drug candidates within the span of a few hours. DAOs help individuals with rare disease raise funding to support development of the most successful drug candidates, outsource manufacturing work to ResilienceDAO, clinical trial work to BaselineDAO, and distribution work to PillPackDAO. To learn more, stay tuned for the biotech quest.
Launch space asteroid mining missions. Thanks to Relativity Space's 3D printing innovations, anyone with a computer can now plan an outer space mission, start a DAO to invest in this mission and have token holders share in the profits of these missions. To learn more, stay tuned for the space quest.
Promote human governance that replaces most functions of nation-state governance. Nation-state governments still exist to serve critical needs (security, food supply, healthcare provision as mentioned above), however most people feel true affiliation to the DAOs they are a part of. PACDAOs were a thing in 2030, until everyone got tired of politics and decided to leave coordination of human politics to other DAOs. Democracy is the prevalent form of governance, now executed by DAOs. Politics still exists, but on a per-proposal level, with Snapshot and smart contracts being the ultimate arbiter of voting, resource allocation and more. To learn more, stay tuned for the politics quest.
None of these happen without action in today's world, namely the quests I will send you all on in your timeline. To learn more about these quests, the NFT artifacts (JPEGs as you called them in 2021) from 2046 I will help you collect, and the DAO I will create to seed all of this, watch out for future posts and if you haven’t already, enter your email and hit Subscribe below.
WAGMI,
shawndao.eth
Love it! So good. WAGMI.