NEAR Protocol co-founder Illia Polosukhin envisions a transformative shift in DAOs, anticipating AI-driven governance as the future of decision-making.
The next evolution of decentralized autonomous organizations (DAOs) will be focused on the integration of artificial intelligence (AI) into the governing processes. At least that’s how the future of the sector envisions NEAR Protocol co-founder Illia Polosukhin, who spoke at an AI-themed panel on April 18 as part of Dubai’s Token2049.
(Left-to-right) Tarun Chitra from Gauntlet, Sean Ren from Sahara AI, Illia Polosukhin from NEAR Protocol, and Ahmad Shadid from io.net | Source: crypto.news
During the address, Polosukhin expressed his belief that AI will increasingly play a pivotal role in both on-chain and off-chain decision-making within DAOs, potentially revolutionizing governance processes.
“I expect more and more of the on-chain governments as well as some of the other off-chaining decisions to be made by AI, where the population, the token holder shareholders or the kind population of, of the unit of governments are really serve as a veto.”
Illia Polosukhin
The NEAR Protocol co-founder added that AI models could potentially be responsible for things like gathering information and making decisions based on various criteria, while the human members within DAOs would act as checks and balances.
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He also emphasized that AI-powered governance could help DAOs maximize token value, a task that might be challenging for human participants alone as coordinating the number of stakeholders is “extremely complex and it requires pretty much summarizing information, providing context.”
The integration of AI into DAO governance emerges as a pivotal topic in the crypto community, underscoring its potential to revolutionize decision-making processes in the rapidly evolving industry. As crypto.news reported earlier, data from Crunchbase reveals a substantial uptick in venture capital funding allocated to AI companies, signaling heightened investor interest in this intersection. In February alone, AI companies secured $4.7 billion in investments, marking a significant increase from previous months.
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