This is a chapter from the Token Economy book series. All subchapters are collapsed under their subchapter headings to make the page more readable. Find copyright information on this text and about the book an the end of the page.
<aside> 🦚 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]
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<aside> 📖 This is an excerpt from the book “Token Economy: DAOs & Purpose-Driven Tokens” Author: Shermin Voshmgir
LICENCE: Copyleft 2024, Shermin Voshmgir: Creative Commons CC-BY-NC-SA This license allows reusers to distribute, remix, adapt, and build upon the material in any medium or format for noncommercial purposes only, and only so long as attribution is given to the creator. If you remix, adapt, or build upon the material, you must license the modified material under identical terms.
For commercial use contact:Â [email protected]
BibTeX: @book{title={Token Economy: DAOs & Purpose-Driven Tokens}, author={Voshmgir, Shermin}, year={2024}, publisher={Token Kitchen} }
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