Real AI use cases in crypto, No. 2: AIs can run DAOs
Genuine, no bullsh*t, hype-free use cases for AI in crypto: How AIs can help run DAOs and make them genuinely autonomous.
For every genuine blockchain project harnessing artificial intelligence there are 100 coins trading off the hype.
Magazine spoke with Near founder Illia Polosukhin, Framework Ventures founder Vance Spencer, MakerDAO founder Rune Christensen, Richard Ma from Quantstamp, Ralf Kubli from Casper and others to explore some of the key hype-free, genuine use cases for AI in crypto and blockchain.
Were rolling out one genuine use case for AI in crypto each day this week including reasons why you shouldnt necessarily believe the hype.
AIs can help run DAOs
Decentralized autonomous organizations, as they exist today, are something of a fraud. As Framework Ventures founder Vance Spencer points out, they are not actually autonomous. Theres a bunch of people in the middle.“
“It just seems like AI is really our only way to actually make the DAO concept work,” he says.
Given LLMs hallucinate between 3% to 27% of their output at present, the technology is too immature to run a DAO by itself or to enforce governance rules, says Maker founder Rune Christensen. Nevertheless, he’s mapped out an ambitious plan for AIs to help run MakerDAO and its forthcoming subDAOs in his Endgame manifesto.
“People misunderstand what we mean with AI governance, right? Were not talking about AI running a DAO, he says.
“What AI is so great at, is replacing the most soul numbing, dumbest part of the work.
One of the big difficulties with DAOs is that its very difficult for members dispersed around the globe to understand what everyone else is doing and for tokenholders to understand the issues in the DAO well enough to cast an informed vote.
Near founder Illia Polushkin an expert in both AI and blockchain explains that AIs really shine when it comes to monitoring whats going on and then summarizing and communicating that information effectively.
“In a way, that’s a manager’s job, he says. They know exactly what’s happening and they communicate to everyone exactly the part you need to know, as well as broader context about what’s happening.”
He says AI can scale up to work with thousands of people, onboard new DAO members, manage logistics and coordinate everyones tasks.
The broader direction of the DAO can still be set by the community, likely via an elected board of directors.
“It can still be overseen by the community, they can provide feedback and decide on what are the goals for the DAO.”