intermediateWeb3
DAO (Decentralized Autonomous Organization)
An organization governed by blockchain smart contracts and token-holder voting rather than central management.
A DAO is an organization governed by smart contracts and token holders rather than a central authority. DAOs make decisions through on-chain voting. In the domain world, ENS itself is governed by the ENS DAO, where ENS token holders vote on protocol changes and treasury spending. The .dao TLD from Unstoppable Domains is popular with DAO communities for their online identity.