DAO 101—All you need to know about DAOs

DAOs have clear vulnerabilities that have yet to be fully addressed. The first DAO was famously hacked, with a bad-actor attempting to siphon off millions in Ethereum. While DAOs are safer today, they carry risks. Contributors often join pseudonymously, meaning reputation capital is not entirely on the line. Furthermore, without sufficient protecti... See more

When DAOs are needed The growth of DAOs in general and the massive success of some of the most innovative ones inevitably result in the perception that the route to growth and robust network participation requires a DAO structure. In times of ebullience, market forces make it easy to assume that every organization, community, or project needs a DAO... See more

— DAOs are having a big moment in blockchain, thanks to their community-driven code of ethics.— There are several different DAO categories, each one suiting a different interest, whether it’s investing, collecting art, or cultivating community and member projects via community funding.— Because DAOs are decentralized, they eliminate the need for a ... See more

More simply, DAOs are a new way to finance projects, govern communities, and share value. Instead of a top-down hierarchical structure, they use Web3 technology and rapidly evolving governance and incentive systems to distribute decision-making authority and financial rewards. Typically, they do that by issuing tokens based on participation, contri... See more