Tag: Decentralized autonomous organization

In 2016, the launch of The DAO, a decentralized venture capital fund, pioneered a new organizational model, fundamentally altering how we think about collective governance. A decentralized autonomous organization (DAO) contains a unique combination of smart contracts, a community of token holders, and a collectively managed treasury, all operating transparently on a blockchain.

Over $100 million was raised by the first DAO in 2016, showcasing the disruptive potential of this new organizational model. DAOs are now reshaping how we organize and operate, so understanding what are the benefits of using DAO is crucial for innovators and community builders.

With over 10,000 active Decentralized Autonomous Organizations (DAOs) managing billions in digital assets, their rise represents a powerful shift towards community-driven governance. This organizational structure leverages blockchain technology to offer significant benefits over traditional, centralized companies.