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Former BitMEX CEO Arthur Hayes predicts AI-powered DAOs will revolutionize economic entities

Arthur Hayes, former CEO of BitMEX and current CIO of Maelstrom, has stated that AI-powered DAOs (decentralized autonomous organizations) will transform the way economic entities are structured and funded. Traditional company structures are not well-suited for AI-driven entities, which do not have physical bodies and cannot be coerced or punished by state-enforced contracts. Instead, AI DAOs will use smart contracts on public blockchains to provide services for a fee, allowing them to be self-governing and enforce their own rules. Hayes predicts that DAO capital markets will become the first truly global markets, with decentralized exchanges dominating the trading of various DAO-issued tokens. He believes that the future AI-powered economy will grow into a market of trillions of dollars within the next decade, leading to a surge in the price of Ethereum's native tokens.

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