Decentralized Autonomous Organization (DAO) is the term used to refer to an organization with no central authority that uses technology to automate certain processes. The organization is decentralized and self-governing by removing a central authority and using automated smart contracts to carry out processes. A DAO is managed by a group of people with a vested interest in the project and are encouraged to do so via a token. Traditional venture capital works by corporations known as venture capital firms (or VC firms) making investments in other businesses.
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Isaac Benson
@bensoncrypto
Technology enthusiast with a focus on AI, startups and blockchain, bringing the latest news and insights to readers.