Krutika Adani
A DAO (Decentralized Autonomous Organization) is a blockchain-based entity governed by code and the collective decisions of its members without central authority.
DAOs operate through smart contracts. Members vote on proposals using tokens, ensuring transparency and decentralization in decision-making.
DAOs are transparent, democratic, and resistant to censorship. They thrive on community participation and blockchain technology.
DAOs manage funds, support projects, and govern decentralized platforms. Examples include MakerDAO (DeFi governance) and PleasrDAO (digital art ownership)