DAOs – decentralized autonomous organizations – are an essential tool in achieving the self-empowering benefits of web3, including more equitable ownership among stakeholders, reduced censorship and greater diversity.

I liked this simple definition of DAOs proposed by the Bankless guys: “digitally native communities that center around a shared mission.” Where the communities are bottoms-up, flexible, and loosely organized. They have a shared mission and protocol (on the blockchain), internal capital, and enforceable social norms, and they can be used to manage j... See more

In summary, eight imagined qualities of decentralized autonomous organizations are autopoietic, alegal, superscalable, executable, permissionless, aligned, co-owned, and mnemonic. Drawn from observation, these qualities trace desires for interdependence growing in the cracks of legacy institutions, as well as the dubious inheritance of cybernetic d... See more