Could DAOs, or "decentralized autonomous organizations", be the key to building the next great city? Experimental urbanist Scott Fitsimones shares how these mission-driven, blockchain-governed, collectively owned organizations could increase the speed and efficiency of building cities (among many other applications) -- all while pooling decision-making power in a radically collaborative way. Hear about how he started a "crypto co-op" that bought 40 acres of land in Wyoming and learn more about the potential for DAOs to get things done in the future. If you love watching TED Talks like this one, become a TED Member to support our mission of spreading ideas: http://ted.com/membership Follow TED! Twitter: http://twitter.com/TEDTalks Instagram: https://www.instagram.com/ted Facebook: http://facebook.com/TED LinkedIn: https://www.linkedin.com/company/ted-conferences TikTok: https://www.tiktok.com/@tedtoks The TED Talks channel features talks, performances and original series from the world's leading thinkers and doers. Subscribe to our channel for videos on Technology, Entertainment and Design — plus science, business, global issues, the arts and more. Visit http://TED.com to get our entire library of TED Talks, transcripts, translations, personalized talk recommendations and more. Watch more: https://go.ted.com/scottfitsimones https://youtu.be/zTStDvUtQWc TED's videos may be used for non-commercial purposes under a Creative Commons License, Attribution–Non Commercial–No Derivatives (or the CC BY – NC – ND 4.0 International) and in accordance with our TED Talks Usage Policy (https://www.ted.com/about/our-organization/our-policies-terms/ted-talks-usage-policy). For more information on using TED for commercial purposes (e.g. employee learning, in a film or online course), please submit a Media Request at https://media-requests.ted.com #TED #TEDTalks #DAO