DAOs aren't things... they are flows.

The shape of this future is rapidly coming into focus and centers around an organization referred to by technologists as “decentralized autonomous organizations,” or DAOs. These DAOs operate with different assumptions than many of today’s traditional legal entities and other business associations. DAOs are not run by boards or managers, but rather ... See more

When not fantasizing about the next 1000x moonshot, many crypto-natives dream about how DAOs will transform the way people collaborate. DAOs are imagined as flat and fluid organizations, the opposite of the rigid, pyramid-like structures dominating the corporate world today—an organization where every stakeholder gets to speak their mind and be hea... See more

DAOs will eventually replace the traditional model. A DAO is an internet-native organization with core functions that are automated by smart contracts, and with people who do the things that automation cannot (e.g., marketing, software development). In practice, not all DAOs are decentralized or autonomous, so it is best to think of DAOs as interne... See more

DAOs may enable transnational organizational structures that are currently difficult to imagine. This year I worked at a company for six months before I met any of my coworkers face-to-face. We have staff in multiple countries. I am certain this will be perfectly normal in the future. Corporate forms will be molded to fit this new remote/internatio... See more

If anything, the success of DAOs has served to exacerbate the tendency towards entity thinking, due to the fact that many DAOs have treasuries that are out of all proportion with the current value that exists in their networks. This distortion makes it almost impossible for a DAO’s treasury (as a centralised asset) not to have an outsized gravitati... See more

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.