A DAO uses blockchains and smart contracts to organize the mechanics of corporate governance, thereby facilitating collective participation of distributed participants in the funding and production of community goods. There are now several prominent DAOs in the Ethereum community, and recent legal moves in places like Wyoming have begun establishin... See more

While new models for collective organizing will continue to emerge and evolve, it’s likely that the most successful among them will include some combination of the following: one-member one-vote governance, tokens as ownership, community investment, liquidity for contributors, and bootstrapping through on-chain contributions.