BitMEX founder Arthur Hayes said the future of artificial intelligence (AI) will self-organize through decentralized autonomous organizations (DAOs).
He believes that instead of relying on traditional corporate structures, AI will choose public blockchains for deployment and operation. Using a hypothetical AI called Poet AI as an example, he explained how DAOs and tokens could be deployed on public blockchains such as Ethereumvia smart contracts.
Hayes also noted that the maturity of an AI DAO’s debt market will determine how quickly its economic influence grows. He believes that since the public blockchain can continuously monitor the AI DAO to ensure its compliance with the debt covenant, and use smart contracts to automatically transfer digital property and or ownership in the event of non-payment, creditors can maintain continuous monitoring of the AI DAO’s accounts. , accurate audits, which will give investors confidence to invest in DAOs that meet their financial standards.
Additionally, Hayes predicted that Ethereum transactions would increase exponentially as the DAO proliferated, causing the price of ETH to soar.
At the same time, decentralized exchanges (DEXs) will become natural monopolies, as they will become the first truly global trading venue where anyone with an internet connection or AI can trade.
He argues that since AI cannot be coerced by the state, exchanges that trade all forms of DAO tokens could become natural monopolies. Identifying these DEXs and buying their governance tokens will generate huge profits.