Amid the growth in web3, NFTs, DeFi and tokens, institutional investors are also looking at how they can leverage another crypto structure called DAOs to build a new model for community action on the internet.
DAOs — or decentralized autonomous organizations — are at a very weird place in 2022.
The crypto collectives theoretically are designed around allowing groups to make decisions and operate in a structured capacity governed by smart contracts and blockchain transparency, but DAOs that are popping up recently seem to be indistinguishable from each other with varying commitments to both decentralization and autonomy. While some camps have focused on how DAOs can be used as autonomous governance mechanisms for technologie …
