Humans behind a new business entity called TheCaféDAO are planning to pop up in Seattle while sharing an ambitious vision for a coffee shop chain that explodes the traditional cafe ownership structure.
On April 30 and May 1, TheCaféDAO will be serving 12-ounce pourovers at the Seattle NFT Museum. With consent, any customer buying a $5 cup of coffee can become an alpha-stage co-owner of TheCaféDAO itself.
“How so,” you ask?
The current organizers of TheCaféDAO are seeking to create what they believe is the world’s first ever brick-and-mortar coffee shop organized as a Decentralized Autonomous Organization, or DAO.
A hot concept among cryptocurrency types, a DAO can be broadly defined as a member collective with no central leadership that is governed with input from all its members through a set of rules and procedures that are recorded on a blockchain.
The idea is that every shareholder within the DAO…