DAOs are open and permissionless, but still need new ways of determining who to trust, collaborate with, and reward.

This Essay explores the nature of DAOs and highlights several areas where states and regulators can adapt existing legal regimes to potentially accommodate DAOs. Part II provides an overview of DAOs and their perceived benefits and includes a taxonomy of DAOs to help understand the different variations currently emerging in the blockchain ecosystem... See more

Collector DAOs which acquire NFTs;Social DAOs that convene web3 communities;Collective/Cooperative DAOs in which groups of artists and engineers deliver services to other DAOs; andCharitable DAOs that promote good causes and public goods development.The variety within these different types of DAOs is demonstrative of communities coming together acr... See more