A Decentralized Autonomous Organization (DAO) is a blockchain-based entity governed by code and community consensus, not executives or boards.
From MakerDAO to ConstitutionDAO, these organizations show that decentralized governance can fundraise, govern, and operate without central authority. Token holders vote on proposals, budgets, and policies—turning users into stakeholders.
But DAOs face challenges: voter apathy, plutocracy, and legal ambiguity. The future will depend on better UI/UX and hybrid legal models.
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