MetaDAO Appoints Robin Hanson as Advisor to Enhance Governance Model
MetaDAO has appointed Robin Hanson, a George Mason University economics professor and creator of the concept of futarchy, as a paid advisor. This move aims to enhance governance through market-based decision-making.
Key points include:
- Hanson's expertise in futarchy promotes using markets for optimal outcomes over traditional political systems.
- MetaDAO used trading markets to gauge potential changes in META token prices contingent on hiring Hanson.
- The analysis indicated that Hanson's involvement would likely increase META's value, justifying his compensation of 20.9 META (approximately $24,000) over two years.
- Hanson is motivated by the potential for improved governance rather than financial gain, believing that better mechanisms can lead to significant societal changes.
- His role will focus on mechanism design and strategy advice, with possibilities for co-authoring educational content about futarchic mechanisms.
- MetaDAO initially gained attention at the mtnDAO event in Salt Lake City and has since influenced other projects within the Solana ecosystem.
Hanson acknowledges that crypto enthusiasts are particularly receptive to futarchy due to its connection with innovation narratives surrounding wealth generation.