DAOs are communities. They are the next big thing after social media. Web1 allowed everyone to share ideas. Web2 allowed communities to form and discuss those ideas. Web3 will enable those communities to leverage financial capital and go from discussions to action. A token-permissioned DAO is a type of restricted access online community that requires the holding of a certain amount of DAO tokens in order to be part of it, or else they will be booted from the community by a bot on Discord

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