FWB

Friends With Benefits, operating under the web domain fwb.help, began its journey as a social experiment in 2021, conceptualized by Alex Zhang. Zhang, whose background includes a role as Head of Product at Kickback, an event management dApp, and experience at the creative agency Doomsday, envisioned a new form of digital interaction. The project evolved into a decentralized autonomous organization (DAO), functioning as a digital cooperative governed by its members through cryptocurrency tokens. The organization's core is a global community of cultural creators, including artists, builders, and thinkers, who aim to shape the future of web3. FWB operates as a social DAO, where membership provides access to an exclusive community and a range of events. Its business model centers on the issuance and sale of its own social token, $FWB. Prospective members must acquire and hold a specific amount of these tokens to gain entry into the community's private Discord server, online platforms, and real-world events. The current threshold for membership is 75 $FWB tokens. FWB's offerings are primarily experiential and community-focused. Members gain access to a token-gated events platform and a network of peers from various creative and technological fields. The organization has cultivated a significant presence by hosting parties and events at major industry gatherings such as NFT.NYC, Art Basel, and SXSW, effectively bridging the gap between online and offline interaction. These events serve as a key benefit for members, providing exclusive social and networking opportunities. The DAO's treasury, funded by token sales and strategic partnerships, supports community-led projects and the continued development of its digital and physical infrastructure. Keywords: Decentralized Autonomous Organization, Social DAO, Web3 Community, Cryptocurrency, Social Token, Digital Cooperative, Creative Community, Blockchain, Token-gated Access, NFT Events