An analysis of a blockchain DAO based on a Marxist theory of capital circulation and accumulation. And of DAOs as a platform cooperative considering class relation.In the space of blockchain technology, smart contracts and DAOs, imaginations around decentralized property have emerged, portraying a possible "decentralized capitalism" future. In this article, I want to examine how this "decentralized capitalism" might look like from the perspective of a Marxist theory of circulation and accumul...