The DAO

“I want to create a DAO. You read my mind. I want to create a DAO to buy the X Games. You buy all the IP of the X Games and basically completely reimagine the X Games for a Web three and crypto enabled world.”

“We do buy into the external signaling of society telling us what we should have, what you should be doing, which DAO you should be participating in, which new token launch you should have, which new game you should be participating in, which new play to earn, …”

“In a, you know, fully Dow approach, you raise fifty million dollars or a hundred million dollars, whatever the number is, and you go and just buy the entirety of the X Games. Why do I think that's challenging here? As much as I love that as a cultural moment f…”

“So I pitched an idea, basically, to web three-ify the X Games, to go and acquire it, form a DAO to go and buy the X Games and then completely reimagine it, both in a web two sense with more traditional media, cultural moments creating the, like, drive to survi…”

“I really do think that web three and having a Dow or something that looks like a Dow acquiring a share of a large operating business with the potential to be a billion dollar plus IP franchise is a huge, huge step forward for the space.”

“I think everyone in five years will participate in a DAO. They won't know it necessarily. I don't think that branding is, is whack. But they won't care. Right. User experience triumphs over everything. So yeah, I think it will be pretty commonplace. Not, maybe…”

“It's like a nonprofit, you know, it's the closest thing to a DAO that we basically have today. In the sense that it's communally governed and it's owned by no one essentially.”

“I think the internet has kind of always had some version of what a DAO is. Like, I grew up in the open source world, right? And you always had this kind of, you know, BDFLs, these benevolent dictators for life, like Puedo for Python and Linux for Linux. And th…”