The ABCs of DAOs

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

DAOs – decentralized autonomous organizations – are an essential tool in achieving the self-empowering benefits of web3, including more equitable ownership among stakeholders, reduced censorship and greater diversity.

At least as compared to existing legal entities, DAOs present certain operational efficiencies and are currently used by organizations managing over $500m in assets, suggesting that legal regimes should take steps to accommodate their growth and development. DAOs are able to rapidly pool and deploy capital, often implement low-cost and streamlined ... See more