Arthur Hayes, the co-founder of crypto exchange BitMEX, believes future where artificial intelligence (AI) will utilize decentralized autonomous organizations (DAOs) to establish collaborative frameworks with humans. Hayes highlighted that the DAO structure would enable seamless cooperation between AIs and humans, facilitating the growth and prosperity of the AI and human economy.
Hayes emphasized that traditional companies are bound to government regulations, making it challenging for AIs to operate outside the confines of human laws. To address this limitation, AIs will adopt organizations that are independent of the state, relying solely on “transparent, public computer code” – a feature found in smart contracts deployed on public blockchains, similar to those used by DAOs. This transparency enables anyone to examine the code and ensures adherence to transaction terms. Moreover, he predicted that AI-powered DAOs would revolutionize fundraising by using decentralized exchanges (DEXs) to issue tokens. This innovative approach will overcome the hurdles faced by traditional companies when raising funds. The resulting DAO capital markets are expected to become the world’s first truly global markets, with certain DEXs evolving into natural monopolies that facilitate the trading of tokens created by DAOs. Investors who identify and acquire governance tokens from such monopolistic DEXs are likely to yield significant profits.
As AI DAOs proliferate, middleware layers will play a crucial role in visualizing their accounts and ensuring the efficient functioning of AI DAO capital markets. However, Hayes asserted that his prediction does not spell doom for centralized exchanges (CEXs), as some individuals and entities will continue to prefer and support them.
Hayes, a self-proclaimed Ethereum maximalist, also believes that Ethereum will maintain its unrivaled position in terms of adoption and usefulness compared to other blockchains. Due to Ethereum’s popularity and wide usage, AIs are likely to choose it as the primary platform for deploying DAOs. The anticipated proliferation of DAOs will drive exponential growth in Ethereum transactions, primarily powered by increasing trading volumes on DEXs, subsequently leading to a surge in ETH prices.
His visionary hypothesis of AI-powered DAOs utilizing decentralized exchanges and Ethereum presents a compelling outlook for the future of Web3, signaling potential transformative changes in the AI + human economy and the broader blockchain ecosystem.