DAO enabled NFT marketplace development is the complete process of building a NFT marketplace under the concept of DAO, Decentralized autonomous organization. Here in DAO enabled NFT Marketplace, users of the platform have full authority to take part in decision making via voting.

1. Is DAO tend to
bring revolution in
NFT Industry

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NFTs might arrive late but it has undergone astonizing growth. The
current market cap of NFT is nearly 41 billion and there is no sign of
fading. Thus the intervention of DAO in the NFT industry will swift the
NFT industry to the new milestone.

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DAO offers transparency through distributed decision-making in the NFT marketplace. it
provides rights to all the users of the platform to decide themself for the platform. It widely
helps in eliminating the barriers and hurdles in the decision - making process. The
controlling power is given wholly to the users of the platform rather than the CEO of the
platform.

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In Decentralized Autonomous Organization, the regulatary is distributed evenly to all
the users of the platform. Meaning that each and every user of the platform owns
voting rights in decision making which promotes transparency and equality.
Thus, many NFT Marketplaces out there are looking for possibilities to come under
DAO and looking for DAO enabled NFT Marketplace Development.

5. Here is the list of DAO that enterprises can choose for their business.
Operating Systems:To build and create standalone platform
Protocol DAOs: Special DAO to implement protocol changes
Investment DAOs: Investment DAO is designed for DeFi applications like
Staking and pooling
Service DAOs: This kind of DAO is built for individuals and other operations
Collector DAOs:Collector DAOs are concerned for fractional as well as
complete NFT ownership
Social DAOs: For the kind of social networking and other platforms
Media DAOs: It is for news aggregator based upon consumer's interest.

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Know More:
DAO Enabled NFT Marketplace Development

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