A decentralized autonomous organization (DAO) is an entity with no central leadership. Decisions are made from the bottom-up, governed by a community organized around a specific set of rules enforced on a blockchain.

DAOs are internet-native organizations collectively owned and managed by their members. They have built-in treasuries that are only accessible with the approval of their members. Decisions are made via proposals the group votes on during a specific period.

Did this answer your question?