What is a DAO (Decentralized Autonomous Organization)? #crypto
A DAO is an entity set up to run by code on the blockchain. The people (members) who own tokens associated with the DAO are responsible for voting on changes and proposing new ideas to keep the DAO operating and improving.
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Sources:
https://www.investopedia.com/tech/what-dao/
https://consensys.net/blog/blockchain-explained/what-is-a-dao-and-how-do-they-work/
https://en.m.wikipedia.org/wiki/Decentralized_autonomous_organization
https://www.forbes.com/sites/cathyhackl/2021/06/01/what-are-daos-and-why-you-should-pay-attention/?sh=478907ad7305
