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Title: Welcome 3rd Generation DAOs and Open Internet Services

Thailand, 19th Aug 2024 - The Internet Computer is championing a vision of an open internet, where "open internet services" operate fully on-chain under the governance of advanced DAOs. These Decentralized Autonomous Organizations (DAOs) empower communities with direct control and ownership, ensuring security and transparency in updates and configurations. This paradigm also democratizes access to the tech economy, allowing projects to raise funds globally. Although social networks are already functioning as open internet services, this revolution has only just begun.The Dawn of a New EraImagine a world where the traditional corporate structures we know today are replaced by DAOs—entities driven by autonomous #blockchain logic, providing unparalleled efficiency, transparency, and rule enforcement without the need for courts. This vision is rapidly becoming a reality, and I believe that in just a few years, most new tech startups will be DAOs. Why DAOs?DAOs are more suited to our increasingly globalized and technological world. They are not only essential to the success of the entire web3 and open internet movement but also crucial for the governance of blockchain networks and web3 services. With full automation and true autonomy, DAOs are set to revolutionize various industries by providing communities with direct control and governance capabilities. The Genesis of DAOsTo understand the significance of DAO technology on the Internet Computer, we must revisit "The DAO" project from 2016. As a pioneering decentralized venture capital DAO built on Ethereum, The DAO quickly garnered the largest crowdfunding campaign in history. Despite its flaws, The DAO marked a seminal moment in tech history, highlighting the potential and challenges of decentralized govern...

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