Episode 39: DAOPlanet NYC 2022 | Employee Interviews
Newsletter Copy?
Status
DAOPlanet.NYC
Timestamps
00:00 - 00:44 - Crypto Sapiens Introduction
00:46 - 01:24 - DAO Planet NYC Event Intro
01:25 - 03:54 - Jared - co-founder of InCred
03:55 - 07:24 - Adam Miller - founder of MIDAO
07:25 - 10:50 - Eric Hill - ombudsman at Bankless DAO
10:51 - 14:02 - Eric Tung - founder of Themelio
14:04 - 17:26 - Lisa Wocken -founding member of talent doa, Sarah Sonnenfield - member of talent Dao
17:27 - 18:46 - Alexa - co-founder of Kleoverse
18:48 - 21:36 Justice - DAO, tooling & governance
21:38 – 24:12 – Adrian Kennedy representing minters
24:14 - 27:17 - Maïa Lépine - Rwandan Canadian artist.
27:17 - 28:48 - Jennifer Sanasie - content director at Wind Ranger Labs
28:51 - 32:05 - Alicia Holmes - wealth whisperer
32:06 – Outro
Humpty Calderon: Welcome to Crypto Sapiens, a show that hosts light discussions with innovative web3 builders. To help you learn about decentralized money systems, including Ethereum Bitcoin, and DeFi. The podcast is for educational and entertainment purposes only, and it is not financial advice. Cryptos Sapiens is presented in partnership with BanklessDAO, a movement for pioneers seeking freedom from the limitations of the financial system. BanklessDAO will help the world go Bankless by creating user-friendly onramps for people to discover decentralized financial technologies through education, media, and culture.
[00:00:46] Hello, and welcome back to Crypto Sapiens. I am thrilled to bring you a special feature, We recently traveled to New York to attend NFT NYC in the various DAO-related events being hosted that same week. Today's episode features conversations with some of the speakers and guests at the DAO planet NYC event.
[00:01:04] DAOPlanet NYC presented an opportunity to connect with the top thinkers and operators in the DAO space. The two-day program encompasses legal structures and considerations, tokenization, and tokenomics, regulatory implications, governance, and strategy, and so much more. We hope the conversations we captured give you a glimpse into a diversity of topics and people at the event. So without further ado let's get started.
[00:01:25] Jared Cohen: My name is Jared. I'm a co-founder of something called InCred. We bring your verified professional achievements onto the blockchain. And today I'm here mostly representing Lex DAO, which is a Guild of legal engineers. Talking about how your DAO still needs an operating system, even with the blockchain, even with tokens.
[00:01:41] Humpty Calderon: That's wonderful, so tell me a little bit about what you're going to be talking about here maybe expand on it a little bit for those people that couldn't make it, and then maybe we can build out from there, like in terms of maybe some of the challenges that you're seeing in terms of like the services you provide and some of those needs as well.
[00:01:58] Jared Cohen: DAOs have two operating systems. That is the way that we see lex DAO. Last year we rebuilt our own operating system. They have a new cool computer operating system that's automated, a blockchain-based obviously but they still need the second old-fashioned people operating system, the people OS and so that is its foundational materials, mission, vision, values, and things like that. It's a planning system, It's an execution system and some DAO-specific features. And we went through this process starting last year at Lex DAO and into early this year and through the community, through voting, bringing everyone with us and we rebuilt our system, a lot of the mission, like the foundational materials were already there. We didn't need to redo everything. But what we realized is that we had an amazing amount of people joining the super talented people lots of them. It was just fantastic, but we also felt we just weren't getting enough done. So what we did is we looked at it like, what do we do? We built in some execution systems, like how to request money, how to do governance, and redid our token this created a log documentation and through that, as I'll do in my talk today, we've had tons of projects launched in the last six months because they can now follow these steps, they can get onboarding and they can launch under the Lex DAO umbrella. They get like a headstart to entrepreneurship by launching under our project.
[00:03:08] Humptycalderon: That's wonderful. If there is anything you'd like people to take away from your talk, what would it be?
[00:03:14] Jared Cohen: I think the point is that you may think that DAOs can run themselves like DAO, right? They stand for something Decentralized Autonomous. DAOs are not ready to be decentralized or autonomous. Some can be closer than others. Like if, if you consider Bitcoin a decentralized autonomous organization, it's pretty decentralized, pretty autonomous. Even the tap root upgrade their required some human interaction, I guess, most of them still need real people doing real things, making decisions, documenting things, onboarding processes and all kinds of stuff. The big thing that I'm gonna talk about today and the real push is that just make sure you don't ignore that stuff. I've been on the exec team in lots of tech startups, and often they don't do these things that well, and no matter whether you have a tech startup or a DAO, you have the systems to help to achieve your goals, to say what the goals are and how you get there and all that kind of stuff
[00:03:54] Humptycalderon: Amazing, thank you very much.
Jared Cohen: My pleasure.Thanks for having me.
[00:03:55] Adam Miller: My name is Adam Miller and I'm the founder of MIDAO, which is a legal entity solution provider for DAOs. We helped pass a law in the Marshall Islands. It created a new type of legal entity. It's an LLC that's made for DAOs and DAOs, don't have to make the kinds of compromises they do with other legal entities around the world. I got into this because I was working on DAO technology and trying to identify what the biggest challenges were for DAOs and what we keep coming across was actually the legal entity problem which was one of the biggest challenges they were facing, and this seemed like a really good way to help solve that problem. Here at DAO planet NYC today, I hosted a panel and gave a talk called What you don't know about DAOs. I talked with the panelists about things like, what are the things that people who are starting DAOs might be surprised to hear based on what they're seeing out there on the internet. One example of that is how many DAOs do you think there are? And I'll bet most people would say what they've seen on deepdao.io, or maybe in the media. There are about 5,000 DAOs. Well, we took the 200 DAOs that we've worked with and tried looking all of them up on deep DAO and found that 96% of them were not on deep DAO. if you flip around 96% and multiply it by 5,000, you get about 85,000 DAOs. So I argue that there are not 5,000, but instead, almost a hundred thousand DAOs out there today. A lot of them are startups, It's like the equivalent of 3 people in a garage, now its like 10 people spread out around the world, starting a DAO. They're at an early stage, but there are a lot more DAOs out there than people think and it's just growing extremely fast.
[00:05:27] I also announced my new podcast. It's called ‘justDAOit’. check it out. I'm going to be talking about, you know, similar issues that are affecting DAOs, things that we're really going to try to dig into our guest experience with DAOs starting DAOs. What were some of the common challenges they had? What were some of the solutions or advice, recommendations, favorite tools, least favorite tools, and pieces of information that will help you start and operate a successful DAO.
[00:05:52] Humptycalderon: So if there was one thing you wanted people to take away from your talk, what would that be?
[00:05:58] Adam Miller: You know, my number one recommendation and I don't even think I got to say this during the panel discussion because I let the other panelists talk, but DAOs need leadership and management and maybe that sounds obvious, but a lot of the DAOs that I see operating today, all the people came from crypto, they're technologists, they're engineers, they're Web3 enthusiasts. You don't have a lot of people like MBAs, like former CEOs and, people who have management experience, leadership experience, organizational design, organizational psychology, all these things that are really important in a traditional organization are important for DAOs too and I'd say DAO mostly not thinking about these things. So, you know, it starts with simple things like, what's your mission? What's your vision, something like a constitution, What's the purpose of the organization? Where have you captured that value culture? How do you create a consistent and positive culture that helps the organization achieve its mission? A lot of DAOs don't have these basic things, let alone some kind of process or hierarchy or just something, it doesn't have to be top DAO. It doesn't have to be centralized, but it has to be something that allows a large group of people to operate in concert towards a common goal. And that's what a lot of DAOs are lacking. I think what's going to be really exciting is people are coming into this space from the traditional business world, leadership experts just today. We met a couple of leadership and management experts who are bringing their firm into the DAO space with a DAO called talent DAO. And they're going to help teach DAOs how to do these things right.
[00:07:25] Humptycalderon: All right. Well, thank you very much. I appreciate your time.
Adam Miller: Thanks Humpty, Thanks for having me
[00:07:29] Eric Hill: My name is Eric Hill. Most people know me as rotorless. I got my start in the DAO space at BanklessDAO originally where, today I'm still the ombudsman and I work on the governance solutions, and engineers’ problems but outside of that, I belong to a number of projects and I'm a practicing crypto lawyer.
[00:07:48] Humptycalderon: Great. So, walk me through some of what you've been experiencing here and some of the things that have resonated with you far.
[00:07:56] Eric Hill: It's really great to be back at an event like in a whole event week like this and where you run into familiar faces and you see the changes that occur over the period of three to four or five months and something that's resonated with me the most at this event here in New York City is the number of people that I have run into, taking alumni photographs on the rooftops of buildings at lunches, I'm meeting them for the first time who had either been bankless or continue to be there but have used the skills and the knowledge they learned there to leverage it into full-time work, make a transition into the space and whether that's at polygon, Whether that's at other, DAOs starting their own DAOs whether that's at crypto Mondays it's really noticeable and, it feels great to be part of that. And, that's what sticks out to me the most.
[00:08:56] Humptycalderon: So you talk about BanklessDAO as this almost facilitator to people who are coming into DAOs to learn about the DAO ecosystem, find their footing. What do you think makes Bankless DAO special to have that type of role?
[00:09:11] Eric Hill: I think it's because their fundamental mission is to equip people with the tools necessary to participate in web3. And sometimes people can view that as understanding how to use a wallet and get a token but there's a lot more to web 3 than that. You know, how DAOs function, how they disfunction, you know the pros and cons, the frictions, the non-frictions, and to a certain extent, it's big enough and there's enough going on. That, like if you're in a small DAO, you can only really learn one way and, maybe the size of it, the scale, and the number of people that are continuously coming in asking questions that have to be re-explained, over and over and over again and the number of people that have the answers. And it really makes it a well of knowledge, It's a great training ground, I wish, I think in retrospect that all those people remained, the truth is there's probably not enough space for everyone, and it's just great to have this, alumni network and to start to see many people, like you and I only met in person for the first time, a couple of days ago and we took a photograph at the polygon, with all the ex-Bankless speakers, you just can't miss it
[00:10:38] Humptycalderon: Thank you. I appreciate you connecting with me not only while you're here, but also giving me a vibe back to like why I'm also a member at banklessDAO.
[00:10:48] Eric Hill: It's been great. and thank you very much.
[00:10:51] Eric Tung: So I'm Eric Tung, I am the founder of Themelio, which is a new layer 1 that's focused on being minimal, trustless, and governance free. I'm here to talk about governance outside DAOs as a threat against governance inside DAOs and how that could actually affect your DAOs autonomy.
[00:11:08] If you know a layer 1 governance tries to subvert your doubt or if some token that your DAO holds maybe dai. The DAO that controls that token could also subvert your DAO and things like that, because I feel like the main appeal of DAOs is its autonomy. The idea is that its governance is only decided by its members and not by anybody else. And I feel like we need to think of ways of defender's autonomy, against governance outside the DAO. Lots of new technologies and techniques such as immutable layer ones and privacy and, threshold cryptography and stuff that could really enhance DAO autonomy and would like to just raise some awareness to those technologies.
[00:11:46] Humptycalderon: So walk me through some of those challenges, some of those risks may be briefly, and how maybe the project that you're working on could potentially solve some of those challenges.
[00:11:56] Eric Tung: Definitely. So, for example, one of the big challenges is, your layer 1 has governance, right? all the major layer ones now have pretty intensive governance, especially kind of the general purpose blockchain like Ethereum and Solana, as opposed to blockchain like Bitcoin. And once we have this kind of layer 1 governance, you essentially have a DAO that can overrule your DAO at any time, I mean, Ethereum's original kind of most controversial governance choice was to overrule a hacked DAO, essentially. Although, you know, you can debate the legitimacy of that, but I feel like, if we imagine a world where DAOs are much more influential and much more kind of socially consequential, then a lot of interests that have stake and layer 1 governance would have interest against DAOs under layer 1 and then you might end up in a very tricky situation where you think that the Dallas members control the DAO, but it's really the layer one, governance now that finally calls the shots. And for this particular problem, I think what I'm working on can help because I'm developing essentially a blockchain engineer to not need governance essentially be socially ungovernable. The idea is that you have a minimal general-purpose blockchain designed for layer 2, designed for roll-ups and that kind of thing. And the idea is to develop an ecosystem where you can't coordinate governance on layer 1, and you don't need to kind of like how we no longer govern the basic internet protocol. We're still using IPV 4 from the 1980s and we've been trying to replace it with IPV 6 from the 1990s for like 30 years and it's not working because it's deeply embedded into the protocol stack and I want to build a blockchain that's, similarly, deeply embedded that kind of at the root of everything is something that's governance free. And then you can build your governance full structure on this governance, free subs substrate
[00:13:45] Humptycalderon: Amazing. you're talking about this, tomorrow. if there was something you would want, the people that are listening to take away from that talk, what would it be?
[00:13:53] Eric Tung: Basically, think about who actually has the votes in your DAO, outside of the pupil, supposedly in the DAO.
[00:14:01] Humptycalderon: Amazing. Thank you so much
[00:14:02] Eric Tung: Thank you too.
[00:14:05] Lisawocken & Sarah Sonnenfield: My name is Lisa wocken and I'm a founding member of talent doa. I'm Sarah Sonnenfield and I'm also a member of talent Dao
[00:14:15] Humptycalderon: So what is talent DAO
[00:14:17] Lisawocken: Talent DAO is basically a group of organizational psychologists conducting research on the DAO ecosystem to help DAOs thrive
[00:14:24] Humptycalderon: Amazing. you were speaking here on stage, Is there anything about what you talked about on stage that you would like anyone listening to know about what that was about?
[00:14:34] Sarah Sonnenfield: We were first of all super excited to be here and there are two things that we talked about. I think the first one, which was today, is about what mainstream organizations can learn from DAOs and what's really distinctly happening in this space from the perspective of a lot of trends, shaking up organizations these days, as we all know, whether it's remote work, changing borders, new ways that companies are coming together and what people are looking to for them, are they, moral actors, for example, in terms of what DAOs, can be teaching to the mainstream that they really have to pay attention to. There's all sorts of things, but it's like, Hey, how do you define work? That's worthy of a bounty. Or how do you become a digital flash mob and actually get started very quickly for a very focused purpose? Tomorrow, we'll also be talking about leadership in DAOs, and for that, I'm going to pass it over back to Lisa.
[00:15:31] Humptycalderon: Amazing. talk to me a little bit about what that talk's going to look like.
[00:15:35] Lisawocken: I'm so excited because it's actually reflecting some very active research that we're doing at talent DAO right now, basically the talk, which is called leadership in a world of DAOs is focused on trying to first define what is leadership and what does that look like in a DAO context, then it's also looking at what have we learned from the past 25 years of research that's been conducted on these forms of shared, distributed and collective leadership that DAOs can really learn from and stand on the shoulders of those giants. But then also active research that we're doing to interview DAO leaders and really take a look at what does this look like in the context now and how do we help people become better at exercising effective leadership practices
[00:16:19] Humptycalderon: Amazing. sounds like there's a lot that was being discussed today and will be discussed tomorrow.
[00:16:25] If there was something you wish that someone who was listening to these talks in the audience could take away from it. What would that be?
[00:16:33] Sarah Sonnenfield: I think I would just share that there is an actual difference in the shift from a web2 traditional organizational context to the mindset of web3 and DAO leadership and the way I break that DAO is basically by saying it's all about mojo over ego.
Humptycalderon: I like that, anything else to add?
Lisawocken: I love that also, I added my appreciation and that It’s a community of fellow explorers. There are a lot of people who have been there for a long time and confident in some in the language in the space and I can tell you how many people I sat next to who were like I just move from this to this in May and I’m learning these things, that I’m figuring out this language but I’m fascinated about the part. I think it’s really an open community at this point
Humptycalderon: Amazing Thank you so much both of you for coming on and sharing what you are doing here
Lisawocken & Sarah Sonnenfield: Thank you, Cheers
[00:17:27] Alexa: Thanks for having me, my name is Alexa I'm co-founder of Cleaverse. We are building the DAO working platform, helping DAOs to acquire talent contributors with DAOs, but at the same time, building a professional identity with our proof of talent.
[00:17:40] Humptycalderon: Amazing. What are you talking about here at this venue today?
[00:17:44] Alexa: I am talking with the podcast host in a panel about well, professional reputation, reputation in general, with free DAOs identity SBDs and VCs probably would be mentioned too.
[00:17:54] Humptycalderon: That's a hot topic, so tell me a little bit about reputation and how Cleaverse sees that.
[00:18:01] Alexa: I think reputation is conduct specific, but what professional reputation means is we want to actually figure out your fruitful skills true for expertise. We believe that the results that you've delivered in the past represent them in the best possible way and we want to capture the data on-chain, build your professional identity based on that, that you can actually show who you are based on what you've done and what you've achieved, not who you know, or what kind of status you have.
[00:18:28] Humptycalderon: That's amazing. If there was one thing you hope people took away from your talk today, what would that be.
[00:18:35] Alexa: That your wallet will be your resume and you can actually showcase the actual work with results that you've done in a quantifiable way, in a verifiable way in that resume.
[00:18:46] Humptycalderon: Thank you very much.
[00:18:48] Justice: My name's, justice. I go by 0xjustice online and in the metaverse. I came here to DAO planet because there's much you can focus on web3 there's tokenomics and the culture. I want to make the most impact. I really try to mega-dial in on core DAO, tooling, governance, and the utility there.
[00:19:11] And, this DAO planet is right after NFT NYC. And this is heavy on the, how do NFTs play into governance and, you know, I'm coming to some stronger positions on how important that is. And two days coming out here in a big apple, eating it up. It's really great.
[00:19:29] Humptycalderon: For anyone that doesn't know, I know you a little bit about you because of your work at BanklessDAO also, your writing, you say you're kind of eating all up. There's kind of this bridge between NFTs and DAOs. What are your takeaways from both events? Sofar.
[00:19:44] Justice: My big takeaway is I hope this doesn't come off as negative. And some people have said it, they said the narrative of DAOs has outrun the utility or the usefulness.
[00:19:55] And there's a side of us that wants to say, hey, this is the future. It's the future and I believe that I am a believer a hundred percent, but we cannot be self-deceived and understand there are deep issues to resolve and we're almost kind of quiet about it and it feels really liberating to meet with other people and then share like, hey, we're struggling with this tooling. And you're like, wow. I actually feel really good because we struggle with that too. And as soon as we can be open about that, we can come to connect on like some possible solutions, you know?
[00:20:23] Humptycalderon: Well, I think the market can affect some of the sentiment and some of the narratives too. And I can see why maybe some people are talking about it that way, but absolutely, I agree with you. I think this is the future. I'm really excited for the same. What are some of the things that you would hope that some people take away from this event where you've been at?
[00:20:37] Justice: I would say the narrative of how you found and launched a DAO is growing in more sophistication. And whereas not long ago, the idea was launching a fungible token, spin up a discord server in your rocking and rolling, and it's coming far more complex and saying, you know, that's not the first step and, you can kick this off with lower hanging fruit of, NFT access, cycles and, and building community and non-fungible tokens and build up a treasury through those dynamics and build up to the more sophisticated treasury management and liquidity and avoid a lot of the regulatory and technical difficulties with that. And so coming from a background of agile software delivery of incremental improvement. This scratches my brain and I really like it.
[00:21:32] Humptycalderon: Amazing, thank you very much for taking the time to talk to us. [00:21:36] Justice: Thanks so much. It was awesome seeing you here.
[00:21:38] Adrian Kennedy: My name is Adrian Kennedy. I go by A over K on all of social media, and I'm here representing minters, which is an educational platform that helps artists and creators, and businesses get onboarded to crypto, NFTs, defi e.t.c. We help them launch projects by building technology. And the other project that I'm representing is called DTC that stands for the DAO treasury corporation and what it is is a FinTech platform and product that helps DAOs get banked. And we help them go through the interesting formation process and help them get bank accounts in the US. And then also, we want to move up the ladder to provide them additional banking services, card services, collateral banks, lending, e.t.c
[00:22:19] Humptycalderon: Cool. Tell me a little bit about maybe some of the challenges you've seen in terms of getting DAOs banked and what is that desire from DAOs. Is there a demand right now for that too?
[00:22:30] Adrian Kennedy: Yes. There is a demand right now for that. And I think the demand is gonna grow in the future because one of the biggest problems that a lot of organizations have is that they have a lot of assets, but those assets are trapped on-chain. And we do recognize that we still live in the real world, for example, like links DAO they want to buy a golf course? And that's gonna need some insurance and payroll, etc. People want to buy real estate, people want to buy intellectual property, and other goods, and having free will and having some presence in the real world, even if it's not a 100% of your treasury, just having just 10 to 15%, definitely gives you a footprint in the real world.
[00:23:09] And also as legitimacy in capital preservation plans and business continuity plans by having, some of that treasury, more stable than normal, especially with the collapse of us terror, different stablecoins unpegging and you know, wanting to minimize some of that risk.
[00:23:26] Humptycalderon: What has the response been for DTC when you explained the product to DAOs during this event?
[00:23:34] Adrian Kennedy: The response has been very good. We have a waitlist now where we have people just go ahead and sign up for that at thedtc.com, the response has been great. I mean, we talk to DAOs and they understand the importance of having a US-based entity and making sure that from a statutory and a regulatory standpoint, they have the presence that not only allows them to get banked but then opens up the world.
[00:23:58] So overall capital markets, venture capital, capital raises, etc.
If they want to move up the ladder towards issuing security tokens and all of those things, we could have conversations about that as well.
[00:24:09] Humptycalderon: Amazing. Well, thank you much for joining us and sharing a little bit about what you're here doing
[00:24:12] Adrian Kennedy: awesome. Thank you.
[00:24:14] Maïa Lépine: Hi, my name is Maïa Lépine. I am a Rwandan Canadian artist. I am the creator of the first traditional Rwandan Imigongo. As well as the founder of the African artist coalition, I created the, first Imigongo, traditional Rwanda art NFT as an attempt to plan a flag, in an industry where a lot of African artistry is either being reproduced by non-African entities or, undervalued, to speak. So I created that, it kind of has a Guinea pig for my collective. The African artist coalition, we are a collective of artists, developers, curators, and just all-around art lovers from the continent and the diaspora that are centered, not only on heritage celebration but also on cultural preservation through the lens of the digital landscape. Basically, this was inspired by finding some old files and archives after my mom passed away, about 4 years ago from breast cancer. She was an amazing Rwandan woman and a big part of the understanding behind my Rwandan cultural heritage as a first-generation born outside of the continent.
[00:25:23] I didn't know what the paper said, so I went on a pilgrimage back to Rwanda and met my cousin and showed them the papers and they were like, oh my God. Your mom went back nine generations starting with her great-grandfather. I am one of the very few Rwandans who was able to go back that far and understand and know every single person in her lineage, both from the maternal and paternal side. So being multicultural and also being Canadian, it was a piece of cake finding it on my white side.
My family's from France and we went back and we can find that ancestry.com and all of those things. But Africans generally speaking, heritage, history, culture, and Alpha is lost once the people are gone, if it's not saved in a tangible way, like scraps of papers that you find in your mom's folders.
[00:26:18] How do you protect that moving forward? How do 5, 6, or 7 generations from now? How can you hold onto your legacy and the accuracy of what is non-tangible information in your family and how do you extrapolate from the family model to the country, continental, or just African artistry as a whole? So I'm really passionate about discovering all of the little different ways, like minting family NFTs, and, and protecting time capsules. And, you know, it is just so much I could talk about all day, but, if you're interested in learning about it more, please reach out to me @maialepine on Twitter. I'd love to elaborate more about what we're doing. We're also looking for a fiscal sponsor. If you are here to support the cause, please let me know. We're a legitimate entity and we have a DAO that'll be backing us soon. Thank you.
[00:27:17] Jennifer Sanasie: I'm Jennifer Sanasie. I'm a content director at wind ranger labs, which is a core contributor to bit DAO.
[00:27:24] Humptycalderon: Amazing. explain to me a little bit about what that means and what DAO is bitDAO.
[00:27:28] Jennifer Sanasie: I'll start with wind ranger labs. We are a lab that contributes to the bit DAO ecosystem. There are many DAOs in bit DAO's ecosystem and autonomous entities and wind ranger lab act almost like an accelerator, an incubator, and even in some ways, a little bit like an agency to help get autonomous entities off their feet. BitDAO on the other hand is Investment DAO we look for amazing entrepreneurs and builders in the space. We look for other autonomous entities and we partner with them strategically and can also fund them to help build out web3
[00:28:04] Humptycalderon: Tell me a couple of the DAOs or NFT projects that you've heard about while you were here, that really kind of intrigue you and as someone who maybe is working, and one of those two projects, really makes you want to learn more.
[00:28:19] Jennifer Sanasie: I just hosted a panel and there's this wonderful woman named Alicia on the panel. She has a project that she's building called disruptor DAO, and you know, that project is really near and dear to my heart because she's working on getting black and brown women into the crypto space and providing financial accessibility that a lot of these women have never had before or never thought that they would have in their lifetime. I am really excited about that project.
[00:28:48] Humptycalderon: That's exciting, thank you very much for sharing.
Jennifer Sanasie: Thank you,
[00:28:51] Alicia Holmes: My name is Alicia Holmes, also the wealth whisperer. The project that I'm representing here today is the disruptor DAO and the disruptor DAO is about disrupting the wealth gap for women of color, particularly black and brown women and onboarding women into the web3 space, having them see the opportunities investing in innovative technology, but also, being creators in the space, looking at potential professional opportunities in the space and, really having the world understand a bit more about this crisis, state of emergency for people of color and particularly women of color in terms of the wealth gap. I can throw out statistics, the average net worth of black and brown women is around $5 compared with white women, which is around 41,000. It was a huge study done in Boston by the federal reserve of Boston. They researched, what is this wealth gap and they found that white families had an average median net worth around 240,000K and I have people guess what, what it was for black families. It was actually $8 and people thought that it was a typo. And it's a state of emergency. Everyone who's studying it is thinking, how do we address this and I feel like we have some solutions on how to address it.
[00:30:22] Humptycalderon: That's incredible, I really appreciate what you're doing, but also the way that you're kind of framing this, right? That this is a state of emergency. What are some of the processes or kind of vehicles your organization provides to start facilitating that revolution for women of color
[00:30:43] Alicia Holmes: Through my journey to wealth, I started an organization. That's all about creating communities of women, supporting each other, understanding wealth, understanding the world of what it is to be in a wealth fielding game, because very often generationally that has not been passed DAO to us when you're in the wealth building game always someone came into your life and taught you a different paradigm. And that was my experience at 19 years old, someone came in and told me, well, I'm going to change your world around this. You have to manage your money, focus on networth, not on income and invest because saving does not build wealth, and these are some smart ways of doing it. I was able to become financially independent by the time I was in my early 40s and I got to teach other people to do this.
[00:31:40] Humptycalderon: That's incredible. Well, thank you very much for sharing. And, if there's one takeaway that you hope people took away from your talk today, what would that be?
[00:31:47] Alicia Holmes: That it is very important to understand that the wealth gap is in a state of emergency and to whoever is listening, who has some power to address and get on board with supporting, eliminating, disrupting the wealth gap, and creating more opportunities for women of color.
[00:32:06] Humptycalderon: And that's a wrap. I hope you enjoyed these candid conversations from DAO planet NYC. I'd like to thank the people and projects who shared their time with me for this episode to learn more about DAO planet and to access the full archive of their event. Please go to daoplanet.org and on Twitter. @daoplanet_. Thanks for listening to crypto sapiens. If you enjoyed this episode and would like us to do more of this, please follow and message us on Twitter @cryptosapiens_, we also would appreciate it If you would give us a five-star review, wherever you enjoy your podcasts, it costs $0 to you, but means the world to us and helps others discover this content. You can also find more conversations like this one by visiting our archives on our website at cryptosapiens.xyz. I look forward to reconnecting with you at our next discussion.