Kimbal Musk (left), Nadya Tlokonnikova (right) and Alex Zhang joined the SXSW stage Monday for the “Move Over FFTs” event. Austin’s Convention Center: Here Comes the DAOs. Tolokonnikova, a member the Russian protest group Pussy Riot and co-founders of UnicornDAO as well as UkraineDAO is also a participant. Zhang founded DAO Friends With Benefits as a social club and served as its mayor. Musk was the founder of Big Green DAO, a philanthropic foundation. Michael Casey was the moderator.

The discussion saw the panel discuss their different use cases and the reasons behind decentralized autonomous organizations (DAOs). They came to the conclusion ownership, transparency, and localization are key elements of a DAO’s success.