The humans behind a new business entity called TheCaféDAO plan to pop up later this month in Seattle. In doing so, they plan to share an ambitious vision for a coffeehouse chain that explodes the traditional coffeehouse ownership structure.
On April 30 and May 1, TheCaféDAO will serve 12-ounce pourovers at the Seattle NFT Museum. With his consent, any customer buying a $5 cup of coffee can become an alpha co-owner of TheCaféDAO himself.
” What do you mean ? you ask?
The current organizers of TheCaféDAO seek to create what they believe to be the world’s first mainstream cafe organized as a Decentralized Autonomous Organization, or DAO.
A hot concept among cryptocurrency types, a DAO can be broadly defined as a collective of members with no central direction that is governed with input from all of its members through a set of rules and procedures that are recorded on a blockchain.
The idea is that each shareholder within the DAO can have a stake or vote in business decisions and investments, with additional shares accrued through investments in the business as an owner or customer.
“TheCaféDAO is actively building its community to bring a wider variety of expertise and ideas,” the organization said in an announcement shared with DCN. “The next step will be raising funds through its community to open a permanent storefront in Seattle. With the opening of the permanent storefront, employees will become owners while they work and share business decisions with community members who frequent the store.
TheCaféDAO is not the first Dao in the coffee space. An emerging group of quality-focused producers in Laos is incidentally called Dao Coffee or Dao Coffee Factory.
Meanwhile, a group called Coffee DAO that supports Algorand’s blockchain infrastructure describes itself as “a collective of ALGO NFT degens whose sole mission is to help increase the quality of the Algorand NFT space.” .
With its brick-and-mortar ambitions, TheCaféDAO eventually plans to operate with a custom tokenomics financial structure, although the organization is currently in its introductory phase and is not yet registered on any blockchain. Ultimately, the plan is to distribute Coffee Tokens (CT) to all members, with more tokens resulting in more voting power.
The group, which currently has a Discord channel, says it eventually wants to open a chain of TheCaféDAO cafes.
For now, the group will be offering $5 installments at the Seattle NFT Museum on March 30 and April 1 between 12 p.m. and 6 p.m., while hosting educational workshops on “Web3 wallets” and “DAO 101.” The cost of each of these events is 15 US dollars.
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Nick Brown is the editor of Roast Magazine’s Daily Coffee News.