CoinDesk reports that on April 21, ai16z’s founder, BaoSkee, of the platform daos.fun, delivered a final farewell, stating that daos.fun paved the way for subsequent initiatives including ICM, Agents, and AI Meta, but ultimately ceased launching new DAOs after discovering that the community was primarily interested in speculation, and that “degen-managed hedge funds” had fundamental issues.
daos.fun founder announces final exit, ceases launching new DAOs
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Summary
On April 21, 2026, daos.fun founder Baoskee announced a final exit, confirming the platform helped shape the future of ICM, Agents, and AI Meta. The founder will no longer launch new DAOs, citing that the community focused more on speculation than collaboration. On-chain data shows growing interest in new token listings, but the founder criticized "degen management hedge funds" for deeper flaws.
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