Tag: Web3

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.

In 2016, the initial DAOs were launched, creating a new type of organization that operates without central leadership. A DAO, or Decentralized Autonomous Organization, contains a core technical framework built on blockchain, consisting of smart contracts, governance mechanisms, a treasury, and an engaged community.