What Is a DAO? Decentralized Organizations Explained
A DAO is an internet-native organization with no boss — run by code and member votes. Here's how DAOs work, what they're used for, and where they struggle.
Governance
2 stories mentioning it. Newest first.
A DAO is an internet-native organization with no boss — run by code and member votes. Here's how DAOs work, what they're used for, and where they struggle.
In 2016, an attacker drained $50M from The DAO and split Ethereum in two. Here is what happened, who chose what, and why it still matters.