You're reading State of the DAOs, the high-signal low-noise newsletter for understanding DAOs.
Gm and welcome to DAO life! Sometimes, working in DAOs can be hard work. Hiro Kennelly shares his experience falling down the DAO rabbit hole. In many ways, DAOing full time can be a lot like falling in love. At first, everything is magical, but there comes a time where the infatuation ends, challenges become apparent, and you have to realize that in order to build something that lasts, you have to be willing to work sustainably. Eventually, white-hot flames must turn into a consistent smoldering. Hiro shares his story.
After that, we share the TL;DR on the latest DAO ecosystem takes and thought pieces, making it easy for you to cut through the noise and stay up to date on the world of DAOs.
This is the current state of the DAOs.
Contributors: Bankless DAO Writers Guild (hirokennelly.eth, Alvo Von Alvensleben, March.401**,** Thalia_M, Ssasho0, siddhearta, Jake and Stake)
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Author: Hiro Kennelly
Illustration: Cosmic Clancy
I fell for you hard and fast, DAOs. I’ve never considered an affair, but I imagine the beginning feels a lot like this: you are transplanted to a timeless space where you sense high potential energy, a passionate opening of the universe and a broadening of what you thought was possible, a landscape of limitless opportunities for novelty, exploration, and connection. You are firmly situated in the present and tilting towards the future. All that came before is hazy, and slowly fades into the before-times.