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:
Last modified 3mo ago