A look at Decentralized Autonomous Organization (DAO)
ayzd.substack.com
With the rise of DeFI and NFTs and the mass adoption of blockchain technology in general, a new organization form - DAO - has become increasingly popular. DAO stands for Decentralized Autonomous Organization and refers to a type of governance commonly used for DApps, NFT projects, DEX platforms, crypto-investment funds, and so forth. On the other hand, the term DAO may also refer specifically to an organization called “The DAO,” which was the first DAO ever created on the Ethereum blockchain and was then hacked for millions of dollars worth of ETH causing a controversial hard fork, back in 2016.
A look at Decentralized Autonomous Organization (DAO)
A look at Decentralized Autonomous…
A look at Decentralized Autonomous Organization (DAO)
With the rise of DeFI and NFTs and the mass adoption of blockchain technology in general, a new organization form - DAO - has become increasingly popular. DAO stands for Decentralized Autonomous Organization and refers to a type of governance commonly used for DApps, NFT projects, DEX platforms, crypto-investment funds, and so forth. On the other hand, the term DAO may also refer specifically to an organization called “The DAO,” which was the first DAO ever created on the Ethereum blockchain and was then hacked for millions of dollars worth of ETH causing a controversial hard fork, back in 2016.