The concept of Web3 is increasingly entering into mainstream discourses. With many terming 2021 the ‘year of NFTs’ (non-fungible tokens), 2022 has been labelled as the ‘year of DAOs’ within the Web3 ecosystem. Decentralised autonomous organisations (DAOs) are groups that come together as a result of a specific purpose or interest and pursue their collective goals through leveraging Web3 technologies and governing over a shared treasury. Curious about these trends, I joined a community with a music, creative expression, and culture focus which had plans to become a DAO. A few months into being a member of this community, I was hired to join the community’s Core Team. While there have been a few articles published on the topic of DAOs, none focus specifically on what members of these DAOs value and how these priorities change over time. Utilising my unique perspective of being deeply involved in a DAO as a Core Team member, this thesis addresses this gap through an autoethnographic analysis of the shifting priorities of the most active members over the course of ten months within the first year of the community/ DAO being established. Bourdieu’s lens of different types of capital, together with a more modern extension of e-capital, and field theory are applied. The analysis reveals trends in the types of capital that are most valued during different phases of development of the community/ DAO being examined and how these are linked to specific milestone events that occur.