The Promise of DAOs, the Latest Craze in Crypto | the New Yorker

When not fantasizing about the next 1000x moonshot, many crypto-natives dream about how DAOs will transform the way people collaborate. DAOs are imagined as flat and fluid organizations, the opposite of the rigid, pyramid-like structures dominating the corporate world today—an organization where every stakeholder gets to speak their mind and be hea... See more

DAOs (Decentralized Autonomous Organizations) have emerged in recent years, allowing people to collaborate on smaller-scale projects than companies. DAOs are organized around a mission that coordinates through a shared set of rules enforced on a blockchain. Put it simply, DAOs are a new way to finance projects, govern communities, and share value.

The shape of this future is rapidly coming into focus and centers around an organization referred to by technologists as “decentralized autonomous organizations,” or DAOs. These DAOs operate with different assumptions than many of today’s traditional legal entities and other business associations. DAOs are not run by boards or managers, but rather ... See more