2.1. Decentralized Autonomous Organizations

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Since the emergence of the Internet, many distributed Internet communities have formed around specific goals, such as social media, e-commerce or knowledge sharing. These communities can be described as new forms of internet based tribes who coordinate with the increasing help of computer algorithms around special purposes and values. In Web2, these tribes have been predominantly privately managed, with the exception of selected community governed networks - such as Wikipedia or free and open source software development (FOSS). In many cases, the operators of Web2-based platforms have disproportionate power over the fate of the communities contributing to and using their platforms. Web3 networks introduce a new type of Internet-based institutional infrastructure that can be collectively governed, allowing distributed internet tribes to self-organize and coordinate in a more autonomous way. These networks are commonly referred to as Decentralized Autonomous Organizations (DAOs), and they are steered by purpose-driven tokens. [1]