Somebody with an idea will be able to create a market to aggregate feedback on how good or interesting an idea is. This will take place in two forms:

1. Within A DAO:

   1. DAO token holders can use their tokens in the form of a TCR to be able to bet on which ideas they think are the most likely to succeed within the context of the future the DAO wants to build.
      1. For example, with Index Coop, people can propose what types of financial products are the most compelling.
      2. Within a DAO, this idea can get extended beyond feedback with contributors investing the DAO’s native token, say $INDEX, to the people with the idea.
         1. If the people are able to build it, and it meets some KPIs agreed upon by the DAO, the DAO may elect to pay the builders and investors some multiple over the invested amount, say 10x, in the native governance token.
         2. On an unrelated note, this is why it is so important that crypto protocols remain composable and flexible.

2. Outside a DAO:

   1. Outside of a DAO, voting can happen with some signaling token. Maybe it is the native token of some other DAO that builds this idea market, but in general, the token should have some scarcity, but its value need not be anything beyond the utility.
   2. The point is in being able to express a preference for an idea that is nuanced beyond just a big upvote or downvote.
   3. Potentially it can even be ETH or USDC people stake on some ideas. There can be some calling period for when the builder with the idea calls for the capital, and those staked can choose to invest in it or not.

   In some ways, this is a Web3 version of Product Hunt with the added capabilities of being able to turn a signal into an actual investment for the builders to go build. The investment itself can be gained by getting tokens from the builders. There may be some token contract standardization needed to do here, but by and large, these investment accounts should not be so large. As such, they hopefully do not attract a bunch of scammers.

   I do wonder how such a system could tie into reputation. As Kerman and others working on reputation often point out, reputation is emergent and constantly being built through on-chain interactions. That is both terrifying and deeply empowering.

   I imagine there are almost two versions of this that mirror the two implementations above:

   1. Product teams in DAOs vetting product ideas with the community.
   2. New teams looking for feedback on the ideas they want to build and actually building them out.

   Like how product hunt doesn’t work super well for super innovative ideas, this may not work super well either. Though it is important to note it is already happening with campaigns on Mirror. Having a central spot for crowdfunding discovery of Mirror campaigns is already a step in the right direction.

   Also, a super easy MVP for ODNDie to produce with minimal code. DMs are always open!

This post is a part of a sequence of smaller articles I will be writing around ideas I have every day. They will not be as polished. Please forgive any typos and errors!