DAO

A DAO is a decentralized governance model where decisions are made collectively by members through blockchain-based voting systems. Unlike traditional corporations with centralized leadership, DAOs rely on smart contracts to manage rules, resources, and operations transparently. Members typically hold governance tokens that give them voting power on proposals.

DAOs are being applied in venture funding, charity initiatives, gaming communities, and even large-scale financial organizations. They embody the principles of decentralization by distributing power and accountability across participants. Despite legal uncertainties and security risks, DAOs are gaining traction as a model for more democratic and transparent governance in the digital age.