Governance and Maintenance for a DAO with Physical Assets - An Agent-based Model

In the evolving landscape of blockchain and distributed ledger technologies, the quest for decentralized governance has led to the advent of Decentralized Autonomous Organizations (DAOs). DAOs offer a groundbreaking framework where token holders directly influence the management and strategic direction of decentralized structures. This study delves into the concept of DAO through the lens of No1s1, an experimental project embodying a self-sustaining architecture governed autonomously. No1s1 stands out as a physical space that operates independently, rewarding participants with tokens for performing maintenance tasks crucial for its upkeep. In this contribution, we employ agent-based modelling to simulate interactions between participants and No1s1, exploring the dynamics of the token economy, participatory governance, and the sustainability of such an autonomous entity. By examining the reciprocal maintenance relationship and its impact on No1s1's longevity and wealth, this study sheds light on the potential and challenges of DAO- governed structures.