The DAO essentially meets online via the chat app Discord, where it has various interest channels including fashion, music and art. FWB is the native token of the DAO, and anyone with 5 FWB can become a local member, which grants them access to Discord channels, a newsletter, livestreamed event content and other semi-exclusive perks. To become a global member, one must fill out an application, pass an interview with one of the 20-30 rotating members of the FWB Host Committee, and then purchase 75 FWB at market price. Membership also provides access to a token-gated event app called Gatekeeper, an NFT gallery, a Web3-focused editorial outlet and in-person party and festival events. According to the community dashboard, the current treasury is $18.26 million.
Related posts
-
North Carolina Governor Vetoes Bill Banning State Use of Central Bank Digital Currencies
The governor of the U.S. state of North Carolina... -
Phoenix BCH Miner Elevates Hashrate to New Highs, Raising Concerns Within the Community
The rise in hashrate allocated by unknown miner Phoenix... -
Opera’s Minipay Expands Stablecoin Support: Adds USDC and USDT to Its Digital Wallet
Minipay, an integral feature of the Opera Mini browser,...