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NEAR Protocol's Polosukhin predicts DAOs to evolve into AI-driven governance platforms

Apr 18, 2024 - crypto.news
NEAR Protocol co-founder Illia Polosukhin predicts that decentralized autonomous organizations (DAOs) will evolve into AI-driven governance platforms. Speaking at an AI-themed panel, Polosukhin suggested that AI will play a key role in both on-chain and off-chain decision-making within DAOs, potentially revolutionizing governance processes. He believes that AI models could be responsible for tasks such as gathering information and making decisions, while human members would act as checks and balances.

Polosukhin also emphasized that AI-powered governance could help DAOs maximize token value, a task that might be challenging for human participants alone due to the complexity of coordinating stakeholders. The integration of AI into DAO governance is becoming a hot topic in the crypto community, with data from Crunchbase revealing a substantial increase in venture capital funding allocated to AI companies. In February alone, AI companies secured $4.7 billion in investments.

Key takeaways:

  • NEAR Protocol co-founder Illia Polosukhin predicts that the future of decentralized autonomous organizations (DAOs) will be AI-driven governance platforms.
  • Polosukhin believes that AI will play a crucial role in both on-chain and off-chain decision-making within DAOs, potentially revolutionizing governance processes.
  • AI models could be responsible for tasks such as gathering information and making decisions, while human members within DAOs would act as checks and balances.
  • There has been a significant increase in venture capital funding allocated to AI companies, with AI companies securing $4.7 billion in investments in February alone.
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