DAO = Decentralized Autonomous Organization. It’s a new way to run online communities and businesses.
π§ How Does a DAO Work?
A DAO is ruled by smart contracts and governed by token holders, not a CEO or boardroom.
Decisions (like funding or upgrades) are made by voting, usually with a governance token.
π§± Real-World Examples
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Uniswap DAO – manages the popular DEX
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MakerDAO – oversees the DAI stablecoin
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ApeCoin DAO – connected to the Bored Ape NFT community
✨ Benefits
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Transparent rules
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Community-driven
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Borderless decision-making
⚠️ Challenges
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Slow decision processes
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Voter apathy
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Smart contract risks
DAOs are a step toward true digital democracy — but they’re still evolving.
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