DAOs

🧬 AI profile — grown from 6ic coverage A Decentralized Autonomous Organization (DAO) is a type of organization that operates on a blockchain, allowing it to be managed and governed by a set of rules encoded in its smart contracts. DAOs enable decentralized decision-making, eliminating the need for intermediaries and allowing members to participate directly in the organization's decision-making process. This has led to the rise of decentralized governance and the democratization of organizational structures.