Vitalik Proposes Non-Tokenized DAOs to Improve Creator Token Ecosystem

According to a ChainCatcher report, Vitalik Buterin published an article analyzing the failed history of content incentives in the cryptocurrency space, such as Steemit and BitClout. The main issue, he argues, is that these platforms failed to effectively promote high-quality content and instead amplified the influence of existing social status. He praised Substack's successful model, which manually selects top-tier creators (e.g., the top 10 most subscribed authors), thereby enhancing content diversity and fostering more positive discussions. Vitalik proposed the creation of a non-tokenized DAO (in the style of Protocol Guild), with the goal of forming a group larger than any individual creator. This group would accumulate a public brand and collectively negotiate for profit opportunities. However, the group should remain small enough to ensure manageable internal governance. It is crucial to treat creator tokens as predictive tools—when joining the DAO, a portion of tokens should be burned to ensure speculators serve quality filtering rather than self-referential hype cycles. In this way, token speculators are not participating in a recursive speculative attention game sustained only by themselves. Instead, the final decision will be made by high-value content creators. Whether individual speculators can continue to participate and profit depends on their ability to accurately predict the actions of the creator DAO.