Kei Kreutler answers the question of the moment: what is a Decentralized Autonomous Organization (DAO)? Linking think tanks, libertarians, and MMORPG Guilds, she maps a prehistory of emergent governance, to contextualize (post-crypto) community tokenization. Noteworthy DAOs, both active and defunct get air time, as do tools and protocols; ultimately Kreutler schematizes DAOs as “tokens, teams, and missions” (image), and “compelling environments players want to inhabit, recognizing narratives, aesthetics, and goals held in common.”