Evolving the DAO: How decentralized companies can dominate Web3
Cointelegraph
Published Feb 22, 2021 10:00AM ET
Updated Feb 22, 2021 11:40AM ET
Decentralized autonomous organizations — known as a DAO for short — have become a mainstay of the crypto world.
The rationale behind DAO is to enable companies and organizations to fully function without the need for a hierarchical management structure. As this Cointelegraph guide explained, it’s like a vending machine delivering a snack in exchange for a bundle of coins — and then automatically using those funds to reorder stock. There’s no need for human involvement in keeping the machine running, as all of the processes it needs to function are pre-written into code.
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Written By: Cointelegraph
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