The DAO Revolution & The DAO: A $150M Roller Coaster Ride
The DAO Revolution
DAOs are a new way to organize diverse groups of people around a common goal. While this open source technology is still in its infancy, it is evolving rapidly and is flexible enough to bring visibility and global reach to any project.
The DAO: A $150M Roller Coaster Ride
At Slock.it, we attempted to create a DAO to raise funds for our project instead of taking the normal VC route. The DAO was the first large scale Decentralized Autonomous Organization of it's kind; it failed spectacularly, but taught us a lot about crowd funding, decentralized governance, open source development, smart contract security and the culture surrounding this revolutionary method of human organization and was one hell of a ride.