Too Long; Didn't Read
A decentralized autonomous organization (DAO) is a decentralized system of smart contracts that allows large groups of individuals to participate in and have a say in a crypto project. DAOs use crypto tokens to perform a handful of functions necessary for the proper operation and development of the project they control. But there's nothing that says a DAO has to operate that way, and it's not all that farfetched to expect that additional states or federal regulators might look to emulate Wyoming's approach to legalizing DAOs.