Too Long; Didn't Read
Decentralized autonomous organizations (DAOs) are entities which enable users to create objectives or meet a mandate by coordinating via a shared set of steps policed on a blockchain. DAO tools, or builders, are separate entities that allow third parties to perform tasks on already-established platforms. DAOs have become increasingly popular among people who have common goals and a strong desire to collaborate with one another. They are innovative because they give everybody involved an equal voice in the decisions of the project.