An organization governed by its members through on-chain voting instead of a traditional management hierarchy. Rules and treasury actions are enforced by smart contracts, and holders of a governance token vote on proposals. DAOs coordinate protocols, investment funds, and communities in a transparent, member-driven way.
Web3 Basics
DAO (Decentralized Autonomous Organization)
Related terms in Web3 Basics
Web3
The vision of an internet built on public blockchains where users own their data, assets, and identity instead...
Blockchain
A shared database duplicated across thousands of computers, where records are grouped into blocks and linked i...
Cryptocurrency
Digital money secured by cryptography and recorded on a blockchain, allowing people to send value directly wit...
Token
A digital asset created and managed by a smart contract on an existing blockchain, rather than having its own ...