The Promise of DAOs, the Latest Craze in Crypto
In November, an online collective called Spice DAO bought a copy of a “director’s bible” for Alejandro Jodorowsky’s “Dune,” the nineteen-seventies film adaptation that famously failed to come to fruition. The group paid nearly three million dollars at auction, about a hundred times the book’s estimated price. DAO, which stands for “decentralized autonomous organization” (and … Read more