i re-read @VitalikButerin + @glenweyl’s Decentralized Society it’s pretty dense, but rich with insights for web3 builders // this thread breaks down the key ideas, paraphrasing from the primary source below // *** source:... See more

Experiments paved the way for modern DAOs Early DAOs were collective investment vehicles designed to function like decentralized venture funds. Tokens represented voting rights and economic interests in the DAO. Every participant was rewarded on Ethereum for their contribution regardless of their contribution. DAO winter coincided with the bear... See more