What is a DAO in Crypto? (Decentralized Autonomous Organization)
DAOs are gaining a lot of traction in the blockchain space. They are a crucial building block for the next version of the Internet - Web 3.0. But what is a DAO and how does a DAO work? We will answer these questions and more in this video.
Timestamps
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00:00 Introduction
00:21 Background
01:25 What is a DAO
01:51 How DAOs work
03:12 DAOs in action - today
04:15 Benefits
04:47 Downsides
05:31 Final thoughts
#dao #daos #decentralized #web3 #crypto #eth