The ABCs of DAOs

How decentralized autonomous organizations are automating the corporation.

As of June 2021, over $1 billion has been committed towards blockchain-native analogs of traditional corporations called decentralized autonomous organizations or DAOs. A DAO uses blockchains and smart contracts to organize the mechanics of corporate governance, thereby facilitating collective participation of distributed participants in the funding and production of community goods. There are now several prominent DAOs in the Ethereum community, and recent legal moves in places like Wyoming have begun establishing bridges between traditional legal structures and these new on-chain entities.

In this post, we’ll explore what DAOs are and why they’re important. We’ll also look at some of the most exciting DAO projects out there.

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