“If you think about it, every DAO can be its own bank. Every DAO can behave as a community credit union, or as an insurance collective of some sort.”

The second episode of the “DAO to Earth” series is on! This time, we receive Patrick Rawson, DAOstack’s Communications Director, for a chat about the historical development of DAOstack’s first DAO, and what is coming next with Genesis 1.0.

We also took a trip down memory lane, remembering some moments we shared during DAOstack’s early days and, even before that, how Pat ended up in the crypto world.

But the juiciest part of this conversation came when Pat shared with us some of the new things coming up within Genesis. The DAO will now accommodate for different types of organizations (and peers), such as:

• Maker Orgs (blockchain orgs in the ethereum ecosystem. Ex: DAOstack)
• Funds (purchasing locked GEN from genesis 1.0 to generate reputation for themselves)
• Community building orgs
• Dev/Builders. Ex: dOrg)
• Traditional orgs (governments, nonprofits, corps)
• Collectives

It will also hold a locked GEN tokens fund, which organizations will be able to support in exchange for voting rights within Genesis 1.0. And watch out for another big DAO launch in the ecosystem - a decentralized exchange bringing $2.5 Mi to fund a DAO.

That and more in this episode!

*This interview was recorded on September 25th, 2019. So please take that into consideration when listening to it.*