Decentralized Autonomous Organization (DAO)

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Decentralized Autonomous Organization (DAOs) are large scale organizations that have no central authority or government. Rather, the body is controlled democratically by its shareholders through smart contracts and decisions are recorded on the blockchain. The most well-known of DAO’s is the DAO that formed on the Ethereum blockchain, and which was subsequently hacked, resulting in a loss of $50 million. 

A term that grew in popularity with the advent of blockchain networks, decentralized organizations do not have the typical structure of a corporate organization i.e. something that is pyramidal. In the DAO’s case, governance is chiefly conducted with the help of smart contracts. Besides bringing the benefits associated with decentralization - transparency, immutability, security etc. - DAOs are also cost effective and, through token economics, good at incentivizing users to participate. 

Several DAOs have already been formed, including projects themselves, such as Aragon, BitShares, Dash and Digix. The governance mechanisms on such platforms allow users to propose changes and vote on such changes. 

Given that that there is no one power controlling the network, and that decentralized networks belong to no nation state, there has been some discussion on the legal status of DAOs. It continues to stir debate.  


Public Company Supported Platform, MetaReserve, a DAO infrastructure that empowers Metaverse of Innovations

15 Dec 2021 2 minute read 0 comments Crypto Guys

Decentralized finance [DeFi] is evolving; from yield farming to mining protocols, and the introduction of lending and borrowing to the crypto market, this trend is transitioning to DeFi 2.0, a new era that will be powered by decentralized reserve cur...

Decentralized In Name Only - Rise of the DINOs

15 Dec 2021 5 minute read 3 comments hifi.bitcoin

Listen to this article as a podcast. “Decentralization” is all the rage these days and will likely go down as the biggest buzzword of the decade, and with good reason: centralized systems have extracted massive amounts of data and value from societi...

Top Crypto Influencers of 2021

13 Dec 2021 2 minute read 0 comments Keith Thuerk

Top Crypto Influencers of 2021   What a bright year the entire crypto realm has experienced. Here are some of the worthy of mentioning before we get to the awards! We saw a huge influx of retail and institutional investors enter the crypto realm, wh...

DAOs And Mental Health

12 Dec 2021 2 minute read 0 comments Coach Viking

A lot of us come to DAOs in search of something more, something better. We had enough of the default, meat suit corporate attitudes. Or maybe we simply didn't fit into that corporate life.    Regardless of the more surface reasons, the deeper reasoni...

Adshares and the ideal journey as a DAO ( A Metaverse bedtime story)

11 Dec 2021 5 minute read 2 comments Heruvim78

Adshares Network is a 100% decentralized peer-to-peer market for programmatic advertising. So, let’s explain that. What is centralized and what is decentralized? Centralized networks are built using a single, centralized server or master node, handli...

DeFi — How to avoid rug pulls, DAO dumpers, emission scams & funny money p 1. Transparency

11 Dec 2021 1 minute read 0 comments FATExDAO

This is the first topic in a series that will address the subject. Questions: 1. How do you build trust in DeFi, especially without regulation? 2. What are the things that users need to see for Dapps — Dexes — DAOs etc. to bring the sense of security...

Abachi.io - Enabling DeFi for the traditional world

10 Dec 2021 3 minute read 0 comments jblankendaal

What's Abachi? Abachi exists to help bring traditional financial institutions and real-world users on chain. Abachi's whitelisted pre-sale ends December 17th 2021. It's essentially an Olympus DAO fork on the Polygon chain, which wants to decentralize...

Sovereign Health Origin Story

8 Dec 2021 4 minute read 0 comments Coach Viking

  What a wild time to be alive. There's so much growth and so many changes on the horizon it feels surreal. We have started a movement, and I never really took my advice to appreciate how far we've come. I also never took notice of where we are until...

Space Knight Club (SKC) Becomes First NFT project That is Fully DAO

6 Dec 2021 2 minute read 0 comments Crypto Guys

The non-fungible token (NFT) market has experienced massive growth and boom since the beginning of 2021. According to a report published on Reuters, the NFT sales volume surged to $10.7 billion in the third quarter of 2021 alone. Today, we have many...

How is Silo Different from Lending Protocols that Implement Isolated Money Markets?

6 Dec 2021 2 minute read 0 comments Crypto Guys

The future of DeFi is completely decentralized permissionless systems where communities are allowed to own significant control over the protocols without interference. Restrictions are kept at their barest minimum, while risks are compartmentalized v...