In the latest episode of ‘s podcast, Micah Yeackley, co-founder of Kula DAO, discusses the potential of tokenizing real-world assets (RWA) on the blockchain and its impact on developing markets. Yeackley emphasizes that the scope of tokenization goes beyond natural resources and can include various asset types such as water resources, agriculture projects, and real estate developments. He stresses the importance of diversifying a project’s pool of assets to maximize benefits, as savvy investors always prioritize diversification.
Yeackley introduces the concept of the “DoubleDAO,” a governance structure within Kula DAO that combines elements of Web2 and Web3 governance. The purpose of this structure is to ensure checks and balances during the decision-making process. The DoubleDAO includes a “RegionalDAO” where local communities affected by the project’s assets can actively participate in the decision-making process. Yeackley highlights the positive impact of Kula’s rollout in Zambia, including equal pay for women and the construction of social amenities through the voting process.
Discussing regulation, Yeackley acknowledges the challenges projects in the sector face in terms of being regulated. Kula has obtained pre-approval from the Virtual Assets Regulatory Authority in Dubai, positioning it as the first regulated RWA DAO to tokenize natural resources and commodities. Yeackley argues that regulation should be the initial step, rather than the final one, in a sector that parallels the extensive regulation seen in traditional finance.
To delve deeper into the conversation and gain valuable insights, the episode can be listened to on Spotify, Apple Podcasts, or TuneIn. offers a wide range of informative podcasts, which can be explored on its dedicated podcast page.
The concept of regional communities having a say in decision-making sounds good, but it’s probably just lip service.
Who needs another governance structure? This DoubleDAO just adds unnecessary complexity to an already complicated system.
So now we’re supposed to believe that tokenization will bring equal pay for women and social amenities? I call BS on that.
Delving deeper into this conversation won’t change my mind. Tokenization of real-world assets just doesn’t seem like a viable or safe option. 🧐
Tokenizing real estate developments? What could possibly go wrong? This is a disaster waiting to happen.