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DAOs

But first, what is a DAO?

A decentralized autonomous organizations (or a DAO) is a collective managed by its members with a shared mission whose rules are enforced in various degrees by self-executing blockchain software (smart contracts). Since these organizations are run with smart contracts, they inherit many of the properties potentially inherent in cypto/blockchain; they could be decentralized, trustless, censorship resistant, digital, and global. DAOs can be used in a wide range of use cases. Some current popular ones include:

  • Protocol DAOs: community protocol management

    • Ex: Compound DAO, MakerDAO, ENS DAO

  • Investment DAOs: collective investing

    • Ex: Meta Cartel, Flamingo DAO

  • Service DAOs: freelancer networks

    • Ex: Developer DAO

  • Grant-giving DAO: collective public goods funding

    • Ex: Gitcoin

  • Social DAO: social club with a crypto treasury

    • Ex: Friends with Benefits

  • Media DAO: community run mass communication

    • Ex: Bankless DAO

  • NFT Community DAO: collective management of a NFT collection ecosystem

    • Ex: MegaDAO, ApeCoin DAO, NounsDAO

This is just a taste of the types of DAOs out there. Here are some great resources where you can learn more about specific DAOs:

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