Token Allegiances
The claims made about DAOs echo hype cycles of decades past, without convincingly explaining why financialization is essential.
Jeffrey Alan Scudder makes art under the alias Digitpain, and as one-third of the collective Whistlegraph. In the premiere of “Bear Market Diaries,” a video series for Outland that explores various web3 phenomena, Scudder discusses the social hierarchies being established by Twitter features such as Spaces and Blue, and how they could become the infrastructure of the metaverse.