A DAO, or a Decentralized Autonomous Organization, is a company set up to run by code on the blockchain. The people who own tokens associated with the DAO are responsible for voting on changes and proposing new ideas to keep the DAO up and running and improving.
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Francisco Gimeno - BC Analyst "A DAO, or a Decentralized Autonomous Organization, is a company set up to run by code on the blockchain". Many swear on 2022 being the year where DAOs will reign, as they are the logical step towards tokenisation and decentralised systems. Is this going to be true? Again, in a developing digital space like this, many DAOs will be experiments, and learning from them we all benefit. In fact DAOs are very exciting for those who, having been late to early cryptos or early DeFi want to develop their own ideas.