DAOs: Absorbing the Internet

Another iteration of companies exists in the web3 world: DAOs. As Lisa Xu writes, DAOs combine both “community-led businesses” as well as “communities as businesses,” as DAOs create an infrastructure for communities to manage internal processes, formalize tasks and ownership, and create products and experiences for both community and non-community ... See more

DAO’s existed before (guilds, labor unions). They can do certain things very well but some decisions are hard to make, like competition with another entity, coordination of action beyond initial purposes of the organization

Companies can’t fork. DAOs can. Companies can’t easily swap equity with each other. DAOs can. Companies don’t treat their governance as a form of participatory entertainment and social network building (although maybe some activists do). DAOs can.