The Rise of DAOs

Over the past year, we’ve begun to see increased traction surrounding distributed autonomous organizations - better known as DAOs. You can think of DAOs as a collective of like-minded individuals focused on solving a common goal. These communities leverage smart contracts to pool funds and issue new shares with a lack of hierarchy (i.e. no leaders). This system ensures no funds are being spent without the group’s consensus, presenting a new paradigm for social coordination, unlike anything we’ve seen to date.

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