Friends With Benefits (FWB)

Primary Nature: A token-gated social and cultural membership DAO — self-described as “a social club that runs on vibes” — still actively operating as of 2026 (its annual FWB FEST gathering and a newer “Friends With Builders” tech-partnership initiative both launched/continued in 2025-2026).
Core Philosophy: Fostering culture, creative agency, and in-person/online community using web3 tools; membership and community-first rather than treasury or tooling-first.
Governance & Voting: Two-tier membership since a January 2023 consolidation: Full Membership requires holding 75+ $FWB tokens plus an application, granting full access (Discord, events, regional gatherings, newsletter); Token Access requires just 1 $FWB token for read-only newsletter/content access. Full Members can propose and vote via Snapshot. Voting power is concentrated: wallets holding 75+ tokens are only 28.4% of accounts but control 85.7% of tokens held outside the DAO's own treasury.
Financial & Treasury Tools: Raised a $10M seed round in October 2021, led by a16z, at a $100M valuation; further treasury specifics not independently confirmed this pass.
Legal & Tax Architecture: Not independently confirmed this pass.
Technology Interface: Discord-based community; Snapshot for governance voting; the $FWB ERC-20 token gates membership tiers.
Pricing Model: N/A in the SaaS sense — membership cost is the market price of the required $FWB token holding, not a fixed fee.