AI will reinvent DAOs and tokenized models will be valuable: Vance Spencer
Artificial intelligence could be the missing piece for decentralized autonomous organizations (DAOs), while trained AI models could become valuable assets on-chain, according to the co-founder of Framework Ventures.
Speaking to Cointelegraph on Sept. 5 at Korea Blockchain Week, Vance Spencer, the co-founder of the crypto-focused venture firm, shared four predictions about how AI and blockchain technology could collide.
One of the biggest impacts is for AI to finally put the “autonomous” into decentralized autonomous organizations, according to Spencer.
DAOs were founded on the concept of a decentralized collective sharing a common goal, with no overarching central authority. However, many of the biggest are still far from full decentralization or autonomy.
In May, DAI stablecoin proprietor MakerDAO published a five-phase roadmap to upgrade its ecosystem including a strong focus on using AI to create a “governance equilibrium.”
5 phases of Endgame.
Endgame has been defined as an update that employs AI tools and open processes to enhance efficiency, resilience, and participation.
A new publication on the Maker Forum outlines its roadmap, which includes the introduction of 5 major launch phases. pic.twitter.com/8GOkIfFADi
According to MakerDAO co-founder Rune Christensen, phase three of the roadmap will launch AI tools aimed at improving and possibly automating certain governance aspects.
Christensen added these AI tools will initially help “level the playing field between deeply embedded insiders and more peripheral community members,” but eventually allow the DAO to improve its processes and decisions over time “without requiring leadership or centralized authority.
“What happens when Maker, who has a shitload of treasury, is
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