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.
The Rise of DAOs
The Rise of DAOs
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.