As part of our Crypto Basics mini-series, today we’re discussing DAOs. A Decentralized Autonomous Organization, otherwise known as a DAO, offers a new and flexible approach to how we structure organizations. With multiple use cases, a DAO can be as simple as a group of friends saving up funds for a holiday or a decentralized group of lawyers building legal contracts.
By the end of this episode, you’ll know:
- How exactly DAOs work?
- Why we should be paying attention to DAOs?
- What are some risks and challenges that DAOs face?
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