Whether it's a DAO or an Agent, essentially, we are trying to grant a piece of code the qualification to participate in human society, enjoy certain rights, and bear corresponding obligations. Tomorrow, the Uniswap community will vote on whether to establish DUNA as a legal entity. The pros and cons of establishing offline entities for DAOs have been discussed in the crypto community for many years, such as reducing risk exposure and enhancing operational capabilities, but it may sacrifice the degree of decentralization. However, today I want to look at this issue from a more fundamental perspective. We can understand most DAOs as a set of codes running on the blockchain, or rather, a "machine" without a physical form. This "machine" can execute rules precisely, but apart from a few on-chain interactions, it cannot interact with the broader real world—it cannot sign contracts, cannot protect itself in court, and cannot open a bank account. What DUNA or other similar legal...