Sublime

In 2021, a DAO could be described as a voluntary association with the operating principles of digital cooperativism. As voluntary associations, they are a cross-jurisdictional way for strangers, friends, or unlikely allies to pseudonymously come together toward common goals, supported by a token model, incentives, and governance.

DAOs make it easier to form, organize, and compensate Liquid Super Teams.

4. DAOs are trust-less organizations owned and governed by community members. DAOs have smart contracts for decentralization and humans on the periphery for governance.

It’s difficult to understand just how revolutionary Decentralized Autonomous Organizations (DAOs) are unless you’ve attempted to navigate financial regulation, set up a payroll or establish a charity. The latter can take years and involve recruiting trustees, choosing an organizational structure, writing a governing document and getting approval fr... See more

Communities donate funds and use a DAO to vote on how that capital is allocated to various contributors in the form of governance proposals.