FWB co-founder: After the DeFi and NFT booms, "DAOs will take the baton" in 2022
TechFlow Selected TechFlow Selected
FWB co-founder: After the DeFi and NFT booms, "DAOs will take the baton" in 2022
The best creators master NFTs. The best NFT projects will evolve into DAOs. The best DAOs use DeFi. Therefore, Web3 is not one-dimensional—it's the combination of everything.
Navigating Web3 tides with focused insights
Article: Blocktempo James
Cooper Turley, strategic advisor at blockchain music platform Audius, co-founder of decentralized autonomous organization (DAO) Friends With Benefits (FWB), and investment partner at crypto fund Variant Fund, briefly shared his thoughts on NFTs via Twitter yesterday, suggesting that the best NFT projects will evolve into DAOs.
Cooper Turley stated:
- The best creators own NFTs.
- The best NFT projects will evolve into DAOs.
- The best DAOs use DeFi.
Therefore, Web3 isn't one-dimensional—it's the combination of everything.
In fact, back in August, Cooper Turley predicted that after the NFT boom, the next wave would be DAOs:
First came DeFi. Then NFTs. Next is DAOs. Plan accordingly.
A social DAO boom coming?
In September, Patrick Rivera, software engineer at decentralized publishing platform Mirror, expanded on Cooper Turley’s idea, arguing that 2020 belonged to DeFi, 2021 to NFTs, and 2022 will be the year of social DAOs.
In his article, Patrick Rivera explained the definition of a social DAO:
Social DAO = DeFi infrastructure + NFT business model + creative individuals
Patrick Rivera pointed out that DAOs are the native organizational structure of the cryptocurrency economy—they aren’t registered in the Cayman Islands, but rather on Discord and blockchains—providing an internet-native way to pool capital, make collective decisions, and capture value.
He wrote that DAOs resemble modern cooperatives in structure, but believes that over the next decade, their scale and impact will rival some of the world’s largest public companies.
Regarding the future of social DAOs, Patrick Rivera has three major predictions: he expects numerous billion-dollar-valued social DAOs to emerge, social tokens will become more important than creator tokens, and service-oriented DAOs will play a key role in scaling up social DAOs.
Financial freedom at age 25
Indeed, 25-year-old Cooper Turley has shown remarkable foresight. He began investing in cryptocurrencies four years ago, and thanks to early investments in Bitcoin (BTC) and Ethereum (ETH), he has become a millionaire—with 90% of his wealth generated in just the past two years.
According to CNBC, Copper Turley declined to disclose the exact amount of his initial investment but added: It wasn't much—I was still in college, working part-time jobs, and I only put in a few hundred dollars.
To date, Cooper Turley has contributed to over 50 cryptocurrency projects and invested in 20 crypto ventures. As his success grew, his parents also felt compelled to start buying cryptocurrencies.
Cooper Turley revealed:
They only invested a few thousand dollars, but seeing them understand how passionate I am about this space is really cool. I'm genuinely happy they now have some skin in the game.
With the recent surge in Ethereum’s price, Cooper Turley said he converted some of his holdings into USDC and sent it to his mother for Mother’s Day. His parents used the funds to pay off most of their mortgage in Pennsylvania.
Additionally, Cooper Turley disclosed that he has used at least a five-figure sum from his crypto earnings to repay most of his student loans. On financial freedom, Cooper Turley says: “Financial freedom isn’t the end goal—it’s just the beginning of being able to do truly cool things in the world.”
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
