Understanding Decentralized Autonomous Organizations (DAOs)

This chapter explores the unique frameworks and operational dynamics of decentralized autonomous organizations (DAOs), with a focus on their role in the Ethereum ecosystem. It highlights the benefits of collective decision-making through smart contracts, contrasting DAOs with traditional investment models, and examines notable examples like Lao and Flamingo DAO. Additionally, the discussion addresses the challenges and innovations in DAO governance, legal compliance, and the evolving landscape of digital assets.