DAOs have been a topic of debate since the hack of The DAO in 2016, and still face regulatory uncertainty due to lack of clarity on their legal status. However, they offer benefits such as community collaboration and a leaderless structure, and effective governance is necessary for achieving their goals. As DAOs continue to drive the emergence and advancements of high-performance blockchains, they also have the potential to facilitate a creator economy and unlock tremendous value for the future of Web3. Community-owned DAOs can support the collective potential of builders, entrepreneurs, and developers to create powerful and interoperable dApps.