What is a Decentralized Autonomous Organization (DAO)?
DAOs are becoming more and more well-known because of their importance in decentralised finance. DAOs are a mechanism for organisations to organise and align interests in order to accomplish common objectives. Organisation groups can more easily collaborate and unrestrictedly change the laws of made-up entities thanks to DAOs.
Although each DAO is unique, when you join one, you typically accept its terms in accordance with the coding in place. The majority of changes necessitate a member vote. Below are a list of some examples of DAOs in different sectors.