We had recently shared how crypto currency is becoming mainstream. The underlying technology that enables crypto is called Blockchain. At a very high-level, Blockchain allows a decentralized, immutable, chain of trust to be formed between entities. 

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Another leading indicator of crypto and Blockchain becoming mainstream, is the recent announcement from crowdfunding firm Kickstarter. According to the firms mission statement, blockchain will become an integral part of the firms strategy.

We think bringing all that we’ve learned about crowdfunding since 2009 to inform the development of a decentralized protocol will open up exciting new opportunities for creative projects to come to life. In the coming weeks, a white paper will be released outlining the technology and plans for the protocol, Kickstarter founder Perry Chen and CEO Aziz Hasan wrote in the post. 

To accomplish this task, Kickstarter is partnering with an open-source, carbon negative blockchain platform Celo, to build brand new protocol. Once ready, Kickstarter will move to using this new platform. 

According to Kickstarter, the protocol will also, "be available for collaborators, independent contributors, and even Kickstarter competitors, from all over the world to build upon, connect to, or use.". The project is slated to kickoff in first quarter of 2022, with Kickstarter transitioning to leveraging this new protocol by end of year.

If you're wondering the so what of it...Enter DAO's (Decentralized Autonomous Organization)

Cooper Turley, an investor and builder of several popular DAOs defines them as, "a DAO is an internet community with a shared bank account". 

Many DAOs fall into two general categories: Those that manage open source, blockchain-based projects together and those that make investments. 

Venture capital firm Andreessen Horowitz (a16z) has led multimillion-dollar fundraising rounds in both individual DAOs and companies that support DAO creation. 

Mark Cuban calls DAO's, “the ultimate combination of capitalism and progressivism.”

Cuban also cautions that DAO's, “won’t be a fit for every type of venture,” but, in his opinion, ”[t]here are so many features and processes in any given company that can be more efficient and productive using a decentralized, trustless approach.”

Turley predicts that next generation of successful companies may be DAOs. “I believe that the next Facebook-like company will be formed as a DAO rather than an LLC,” he says.