What is a DAO?
A decentralized autonomous organization (DAO).
A DAO, or Decentralized Autonomous Organization, is a digital organization that is run through code rather than a traditional management structure. It is typically managed by a group of token holders who use blockchain technology to make decisions and manage the organization's assets. Transactions within a DAO are recorded on a blockchain, making them transparent and tamper-proof. DAOs can be used for a variety of purposes, such as managing a decentralized investment fund or creating a decentralized social network.
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