**5. Conclusion**

DAOs are owned and governed by people, democratizing ownership and decisionmaking in the organizational arena. While DAOs bring the promise of transparency, accountability and decentralization, they also face some growing issues that become more evident as new projects emerge and scale. The ability of DAOs to overcome problems, such as lack of participation, rigidity and voting misbehaviours, will determine the future of this new governance form.

While decentralized and autonomous governance modes are increasingly gaining popularity inside and outside the Web 3.0 space, their theoretical and practical implications remain understudied. What are the boundary conditions that enable or prevent the adoption of decentralized autonomous governance modes? How do DApps attract and retain community members to participate in governance decisions? What can other organizations outside the Web 3.0 realm learn from DAOs?
