
Could a DAO build the next great city? | Scott Fitsimones
TED Tech
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DAO - The Future of DAOs
A DAO is a sort of crypto co-op, giving a wider group of people the opportunity to own a piece. Top-down management is replaced by blockchain-based rules encoded in smart contracts. In a DAO, members act as peers, contributing capital and proposing projects. CityDAO raised over $6 million through our governance token called Citizenship.
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