Snacks
DEFI(NE)

Heard on the Block: "DAO"

Snacks / Wednesday, March 01, 2023

🐝 If bees ditched their queen and voted on what to do with all the honey…

A decentralized autonomous organization, or DAO, is a semi-leaderless crypto org that makes governance decisions based on token holders' votes. So if a bunch of strangers wanted to pool their $$ to buy a golf course or run a fast-food franchise, they could create a DAO to do just that (no IRL handshakes required).

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