Decentralized Autonomous Organizations (DAO) are a new way of organizing that operates on the blockchain. They have no central leadership; decisions are made by the community through voting by governance token holders.
Transparency: All rules and votes are recorded in code on the blockchain.
Autonomy: Decisions are executed automatically based on predefined rules.
Participation: Anyone who holds governance tokens can propose changes and vote.
DAOs are the future of collective governance and the decentralized economy.