Our Featured Friend is Kohei Nagata, a San Francisco-based DAO contributor (t

) and guild member. A former founder, originally from Japan, he got into Web3 via Index Coop and has helped run their Japan Team. He fell in love with DAOs after realizing the potential for equitable access to new opportunities for people worldwide.

In the recording, we discuss DAO to DAO interactions and contracts, how DAO communities are categorized and why they have their purposes defined, and how governance affects DAO culture. Connect with Kohei via Discord or Twitter to talk about DAO organization, tooling, and especially DAO to DAO interactions.

, and read some quotes from the conversation, which have been edited for clarity, below.

Kohei’s purpose for exploring DAO to DAO tooling (3:00)

“Most of the DAO to DAO deals right now are executed by a handshake. It’s like when two DAOs token-swap with each other they kind of do it manually. And also they say there’s a vesting contract on Snapshot, but there’s no vesting contract. If you imagine there’s a possibility that the partner DAO can just dump a few percent of total token supply at any time, that's crazy.”

“Definitely one thing DAOs can do immediately and also should do is using 

. Zodiac is a module set provided by the Gnosis team. And there’s a module called Reality. What Reality does is it's simply being able to make snapshot proposals able to execute like on-chain transactions.“

On different perspectives on DAOs and why they are built (36:37)

“If you compare the builders in Berlin and the ones in the United States, mostly Americans talk about Web3 and about DAOs in the context of distribution and decentralizing the economic upside. But in Berlin they say Web3 is like an escrow contract, like putting scary responsibility on software rather than people or one specific institution.”

Kohei Nagata

Once again, welcome to TL;DR, the newsletter that lives in Discord and where the prices don’t matter. It’s been a relatively quiet week ‘round these here parts, so I decided to kick things off today by writing about that Congressional seat that Sam Bankman-Fried, your best friend and mine, tried to buy with oodles of crypto money. — Drew | 

Can money buy elections? Sure, why not. It’s definitely true that if you’re running for political office and you have, say, a million dollars in the bank and your opponent has $50,000, you have a vast resource advantage. And usually, if you spend those resources to get your name out there and potentially trash your opponents, you will win that election. But the question I’m interested in is whether cryptocurrency — or rather, money that was given to a candidate by a crypto-backed Political Action Committee and/or some crypto billionaire — can buy elections.

Judging by the results of candidates backed by FTX founder Sam Bankman-Fried’s Protect Our Future PAC in this week’s primary elections, it seems like the answer is either “sort of” or “yes, but not if you do it the way that Sam Bankman-Fried did.”

To be clear about what we’re talking about here, POF backers Sam Bankman-Fried and his brother, Gabe, turned on their money printer and made it go “brrr” approximately 18.6 million times, throwing their monetary weight behind Democratic primary challengers at levels that 

 as “unprecedented.” The main beneficiary of the Bankman-Fried Boys was Carrick Flynn, a House candidate in Oregon who received an 

 $8 to $10 million in Bankman-Fried Bucks in a primary against a state representative named Andrea Salinas, who did not get that much money from anyone. (Depending on the district and level of competition, a competitive national House of Representatives candidate needs somewhere in the neighborhood of $500,000 to $2 million.)

And yet, despite her financial disadvantage, Salinas managed to nearly double Flynn’s vote total on primary day. What happened? Well, the Bankman-Frieds are really into effective altruism — essentially, the philosophy that you can do the most good by making a bunch of money and then donating to people/groups/causes who will use that money to maximally benefit humanity — which is why they were so into Carrick Flynn, who is an expert in pandemic preparedness. Basically, the brothers Bankman-Fried decided that it would be good to have a politician who would advocate to spend federal money on preventing the next pandemic because that would be the thing that had maximum benefit to humanity, so they spent a bajillion dollars trying to make that happen.

The only problem is… that’s not how politics really works? While it may be true that we can save millions of lives by preparing for and/or preventing another pandemic, that’s a theoretical concern — especially when we’re still in a current pandemic and that people need jobs and higher wages and healthcare and unions and stuff. If you work at McDonalds, you probably don’t want a billionaire telling you that we should get ready for a thing that 

 happen by voting for his friend. You have material concerns that need to be addressed 

, and generally, Democratic politicians win votes by appealing to those material concerns. (Whether or not they follow through on those appeals once they win elections is another question.)

None of this is to say that Sam Bankman-Fried is bad or that effective altruism is an invalid philanthropic mindset. It’s just that maybe, just maybe, the most effective version of effective altruism is one that helps make millions of people’s current realities suck less so that we can all collectively help build a better future. Which is kind of the point of Web3 in the first place, y’know? — Drew | 

With so much excitement around NFTs, it was inevitable that established players would step into the ring at some point. This week, it finally happened — and twice over at that.

First, Spotify announced that it’s testing a new feature that will allow artists to 

. The feature is currently in beta testing with a small group of artists including early NFT adopters Steve Aoki and The Wombats. The streaming megalith has been clear that it does not plan to take a portion of any artists’ NFT sales — instead, it’s simply a move similar to its 

 last year which allowed artists to connect their merch pages to their profiles. As for whether that’s a better deal than raising its rates so that a solo artist doesn’t need to 

notch ten million streams on its platform in order to make a living wage

, you can be the judge of that. But hey, at least it’s a way for artists to make 

Then depending on your age (I’m old), another competitor seemingly came out of nowhere, with LimeWire NFT striking a 

 for its Alogrand-based NFT marketplace. This deal will allow artists from UMG and its other labels to release tokenized digital collectibles using the LimeWire marketplace. The former p2p file-sharing platform (

 in April, and now this massive deal in May. — @azeem

NFT-gen is simply the best place on the internet. Last week in the midst of a tough time for crypto and digital assets, Yuri boosted our collective mood with a 

free mint of a video message from unofficial NFT-gen mascot Hard Rock Nick

. This week it was Patti who stepped up to the plate as vibe captain, generously 

 to anyone who dropped their ENS. Joy abounded.

Without much else going on in NFT-land, the CPG pop mint was under the microscope on Saturday. The mint was a delightful, confetti-filled experience and was reflective of the attention to detail people have come to expect from Chris Cantino. 

general resistance towards the use of Telegram

 as the primary hub for communication within the CPG/Pop community, most remain optimistic that Cantino’s vision will provide long-term value.

Atlantic article inspired some new copypasta

 is going to save us all. Have a great weekend everyone, touch grass, find god. — 

LONDON CALLING — AN FWB CONVERSATION ON CLIMATE

FWB.LDN this week has been asking the question of how we, as FWB and the Web3 community, can wield our creative and cultural clout to contribute to the conversation on climate change — a topic that, at times, has been difficult to motivate people on.

On Wednesday evening, a Shoreditch underpass became a makeshift cinema as FWB.LDN members projected climate-focused shorts onto a wall. These images served as a prompt to reach out to passers-by and non-FWB-members interested in DAOs, discussing the intersection of Web3 and climate. This mix led to conversations about the role FWB can play as a cultural entity with social impact. Seeing a supportive, imaginative and collaborative atmosphere bodes well for future innovative FWB events.

We came away feeling there’s an opportunity for FWB to set a precedent when it comes to climate strategy. This could include standards of green conduct in the networks and products we use, including commitments to PoS chains.

Big shout out to @malinax for helping organize this event. — @julianki

::AIRHORN EMOJI:: NEW MAX PAIN ALERT | SPECIAL GUEST @SPACELOOTERS MINT ALPHA W/@KENNYHONEST & @LILKOOL

, Kenny Honest took us down the road of Web3 liaison life. He also confirmed my theory that most music nfts aren’t that good…yet 🙂. However, @SPACELOOTERS is a great project from Josh Maupin: fine artist, ultra-fine legend, and super Kool guy. His name Lil Kool is known from the streets of NY to the worldwidewebb and the metaverse. Spacelooters are here to steal our style and our partners. Do not be complacent like ur current dying shitcoin bags and figure this out. — @sisterjam

LET THE MUSIC TAKE THEE AWAY FROM THIS GLOOMY MACRO TRADING ENVIRONMENT

Did the new music market take on a darker tone in solidarity with crypto and stocks? Or was it simply a shift in #new-music’s collective taste? You decide. In any case, much of the channel’s biggest hits of late have had serious 

, but in the very best way. There were the melancholic contemplations of the 

 from Radiohead offshoot The Smile, Mesoamerican skull tower-inspired 

 for our Friends With Blastbeats to sink their teeth into, and 

 from channel fav Two Shell sampling subdued screams (thanks @raihan). Even My Chemical Romance took 

. Of course, nothing in the ‘cord was bigger, darker, or more contemplative than Kendrick Lamar’s 

 which contained the essential “The Heart (Part 5)” 

 as well as multitudes of fire that prompted a deep-dive discussion in #nft-general-chat (also 