13/02/2022
WHAT IS DAO?
Bookmark this thread because you’re going to want to be educated on DAOs as web3 evolves over the next decade.
To us, DAOs have a very bright future. There may be a strong bull market next year in which everyone is buying every token with the word DAO in it, but don’t necessarily bet on them as an asset class.
“Betting on DAOs is like betting on LLCs”
Think of DAOs as a bet on the future of human organization.
In summary: a DAO is created by a group of crypto wallets controlled by individuals and other organizations that executes all its movements through code, making it possible to manage assets and votes safely without the need for underlying legal or traditional banking setups. Membership in a DAO can be extremely fluid compared to what traditional organizations can achieve, and DAOs have been used to manage assets, build protocols, vote on community matters, and create niche factions for interests like digital art collecting.
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