Illia Polosukhin, a co-founder of NEAR Protocol, looks forward to a significant change in the way Decentralized Autonomous Organizations (DAOs) operate. He believes that artificial intelligence (AI) will eventually take over DAO decision-making processes.
In the upcoming development of Decentralized Autonomous Organizations (DAOs), there is a strong anticipation for incorporating Artificial Intelligence (AI) into their decision-making mechanisms. This perspective is shared by Illia Polosukhin, co-founder of NEAR Protocol, who addressed this topic at an AI-centric panel during Dubai’s Token2049 event on April 18th.
At his speech, Polosukhin shared his conviction that artificial intelligence (AI) will become more significant in the decision-making procedures of DAOs, both online (on-chain) and offline (off-chain). This could lead to a groundbreaking transformation in how governance functions operate.
“I believe that AI will play an increasingly significant role in making decisions for on-chain governments and some off-chain entities. However, it’s important to note that the ultimate power to approve or reject these decisions lies with the community or token holders.”
Illia Polosukhin
The NEAR Protocol’s co-founder pointed out that artificial intelligence (AI) models might collect data and make judgments using specific standards. In contrast, humans in Decentralized Autonomous Organizations (DAOs) would serve as regulators to ensure proper functioning.
Additionally, he highlighted that utilizing AI technology in DAO management could significantly enhance the process of optimizing token worth. This is a complicated endeavor for human collaborators due to the vast number of stakeholders involved, which necessitates simplifying intricate data and supplying necessary context.
In the crypto world, there’s growing excitement about using AI in DAO governance. This is a key topic as it could transform how decisions are made in our rapidly changing industry. According to crypto.news, Crunchbase data shows that investors are putting more money into AI companies, indicating increased interest in this field. In February alone, these companies raised an impressive $4.7 billion in funding, which is a substantial increase compared to previous months.
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2024-04-18 12:37