The adoption of decentralized autonomous organizations, or DAOs, has skyrocketed in the past year, and participants believe this is just the beginning, claiming more use cases will form in the subsector.
DAOs are community-led groups that, in theory, allow participants to make operational decisions without centralized leadership. The groups are self-governing, typically raising capital through a token linked to the DAO. The tokens often provide members voting power on governance rules, and, through smart contracts, those votes affect and dictate what DAOs do.
Many DAOs focus on raising funds to support a certain cause or to purchase an item, whether that be buying a copy of the Constitution or a golf course, like ConstitutionDAO or LinksDAO have respectively aimed to do.
DAOs have even been compared to a new frontier for coordination, but som …
