What is a DAO?

A DAO is short for a ‘Decentralized Autonomous Organization’.

But what exactly does that mean?

Well, a DAO is an organization that lives on the internet and isn't governed by a single leadership entity.

Instead, power is shared among all the members who can be based anywhere in the world.


Every member shares a common goal, and rules are enforced by smart contracts on the blockchain. These rules are decided by proposals and voted on by members of the DAO.

A real-life example would be a grassroots campaign where decisions aren’t made by those at the top, but rather by those organizing on the ground.

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