What is a DAO? The Different Types of DAOs

By Pierrick Ribes, 10 August 2023

What is a Decentralized Autonomous Organizations (DAOs)?

In recent years, Decentralized Autonomous Organizations (DAOs) have been making waves in the crypto world. These innovative organizations are built on blockchain technology, using smart contracts to facilitate decision-making, governance, and financial transactions, and are continuing to gain momentum. At its core, a DAO is a decentralized organization that operates autonomously through code, rather than relying on traditional management structures.

Related: Trends Shaping the Web3 Ecosystem in 2023: #5 The Rise of DAOs

 

Know the Different Types of DAOs and Their Examples

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