However, for me 'Network State' only seems to be a new term for a Distributed Autonomous Organization (DAO) that provides services typically provided by a government. I would have liked a term that highlights this connection more, perhaps something like Governing Autonomous Organization (GAO). Due apologies to the Government Account Office (also GAO).
I think better than Balaji takes on the concept can be found in the works of two science fiction authors, Neal Stephenson and Charlie Stross.
Neal Stephenson's Snow Crash [1] (e.g., Distributed Republics [2]). May be of interest, but Stephenson is building a metaverse that may incorporate some of these concepts, called Laminal [3].
Accelerando [4], by Charlie Stross, takes the concept even further. It has literal distributed autonomous companies acting as shell corporations, executors, and more.
[1] https://www.amazon.com/dp/B000FBJCJE/ref=dp-kindle-redirect?...
[2] Perry, Richard Warren (2000). "Governmentalities in City-scapes: Introduction to the Symposium". Political and Legal Anthropology Review. 23 (1): 65–72. doi:10.1525/pol.2000.23.1.65. ISSN 1081-6976. JSTOR 24497832.
[3] https://decrypt.co/102646/snow-crash-author-neal-stephenson-...