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Feb 12

The latest craze in the crypto industry: The DAO's good vision

Last November, an online group called Spice DAO purchased a copy of Alejandro Jodorowsky's Dune, a "director's bible." Dune is a 1970s film adaptation that became famous for its unsuccessful release. The Spice DAO paid nearly $3 million at the auction, roughly 100 times the book’s estimated price. DAO stands for "Decentralized Autonomous Organization," an increasingly popular term in the cryptocurrency world, referring to a group of people who gather funds to accomplish a specific t...

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