Arthur Hayes: AI will self-organize through DAOs, and its token trading may lead to the formation of natural monopolies in DEX

2023-07-28 11:45:54
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ChainCatcher news, BitMEX founder Arthur Hayes stated that future AI will self-organize through decentralized autonomous organizations (DAOs). He believes that AI will no longer rely on traditional corporate structures but will choose public blockchains for deployment and operation. He used a hypothetical AI called "Poet AI" as an example to explain how to deploy DAOs and tokens on public blockchains (such as Ethereum) through smart contracts.

Hayes also pointed out that the maturity of the debt market for AI DAOs will determine the speed of their economic influence growth. He believes that because public blockchains can continuously monitor AI DAOs to ensure compliance with debt contracts and automatically transfer digital assets and/or ownership using smart contracts in the event of non-payment, creditors can conduct ongoing, accurate audits of AI DAO accounts, which will give investors confidence to invest in DAOs that meet their financial standards.

In addition, Hayes predicted that with the surge of DAOs, Ethereum transactions will grow exponentially, leading to a spike in ETH prices. At the same time, decentralized exchanges (DEXs) will become natural monopolists, as they will be the first truly global trading venues where anyone with an internet connection or AI can trade. He believes that since AI cannot be forcibly controlled by nations, trading platforms for all forms of DAO tokens may become natural monopolists. Identifying these DEXs and purchasing their governance tokens will yield significant profits.

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