Andrew Yang launched a lobbying organization "Lobby3 DAO" for Web3 users

This article comes fromDecrypt, original author: Jeff Benson

Odaily Translator | Nian Yin Si Tang

This article comes from

, original author: Jeff Benson

Odaily Translator | Nian Yin Si Tang

Former U.S. presidential candidate and former New York mayoral candidate Andrew Yang is on a speaking tour in Denver.

Longtime an advocate for technological innovation, Andrew Yang stopped at ETHDenver and hackathons to promote his latest project: Lobby3 DAO. Yang addressed the audience directly, urging them to be politically active. Many listeners have only recently been exposed to cryptocurrencies. "We need you to step up and lead," he said.

He’s more inclined to do that through “Lobby3,” a decentralized autonomous organization (DAO) launched this week. The project, which Andrew Yang co-founded with campaign members and others, describes itself as a "Web3 community designed to empower the people of Washington, D.C., to have a stronger voice." Those who purchase DAO tokens via Ethereum can use them to engage collectively with policymakers on issues ranging from financial inclusion and decentralized finance to poverty alleviation. In fact, it's a lobbying group for Web3 users — not necessarily the crypto industry behind it.

According to Andrew Yang, the community will "prioritize and propose new policies and bring together new ideas that need to be at the forefront of our leaders' minds." He also said: "The Web3 community clearly needs to have a say in Congress to demonstrate the positive potential of these technologies . Lobby3 will fill this need. Let us work together to build the future. "

"We want to get people seeing the benefits of these technologies in the real world as quickly as possible."

Andrew Yang, who is working with the Blockchain Association and other industry associations, believes that the real power lies with the people: "If you think this is a problem that some industry giant can solve, it's not the problem we have now. "

He paints a picture in which Congress is wary of hearing from a large company like Coinbase, which sees a vested interest in maintaining the status quo. At the same time, he also sees room for a breakthrough among rank-and-file MPs. "Imagine total chaos and there you are," he added.

Other political figures also came to ETHDenver this week to talk about what the government is doing to embrace innovation in crypto, including Colorado Governor Jared Polis and Federal Reserve Chief Innovation Officer Sunayna Tuteja. But Mr. Yang appears to have no intention of being subtle, instead directly calling for more measures."It seemed like the world was coming to an end," he said. Still, he remained optimistic, saying "things can change very quickly, both positive and negative."To achieve the goals of Web3 and the encryption industry, he has a rallying cry: "Let's make it happen so people can see the benefits of these technologies in the real world as soon as possible."

In fact, Yang Anze also has "origins" with the popular NFT. In late October 2021, Andrew Yang announcedWill cooperate with the decentralized project Bankless to issue NFT. He stated that he wanted the newly formed Kadima Party to be an encrypted political party because he felt that the two ideas were very consistent. “I want to prove to legislators that the crypto community is a force for progress, innovation, and a great source of employment.” All proceeds from the Forward NFT will be donated to the Forward Party. The NFT is minted on Ethereum and listed on the Zora NFT marketplace.