A DAO stands for Decentralized Autonomous Organization, and it is an investor-directed venture capital fund organization based on blockchain technology.

1. What is a DAO? How does a DAO work?
A DAO stands for Decentralized Autonomous
Organization, and it is an investor-directed
venture capital fund organization based on
blockchain technology.

3. How does a DAO work:
• The first step is to create a smart contract that can only
be changed by a coded governance system once it’s
launched.
• Secondly, sources of funding must be determined and
governance must be activated. Typically, funding is
obtained through token sales that include voting
rights.
• Step three: deploy smart contracts on the blockchain,
from which point onwards stallholders will decide
future organization. The developer(s) have no more
influence than any other
stakeholder.

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