The Dune crypto collective is facing a reckoning

Concept art from Alejandro Jodorowsky’s Dune bible. Spice DAO, the cryptocurrency collective that bought a script bible for Alejandro Jodorowsky’s never-made Dune adaptation, is apparently still figuring out what to make of its success. Earlier this week, the collective stopped working with a core member who posted virulently hateful messages as part of a self-described internet art project. Now, the project’s originator has suggested Spice DAO will back off its quixotic goal of creating a community-owned media powerhouse — but it’s not clear the group is actually changing any plans. Towards the end of 2021, the decentralized autonomous organization (or DAO) raised millions of dollars to purchase a rare copy of Jodorowsky’s Dune bible, then found itself with a sizable leftover treasury... Continue reading…
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