DAOs Are Changing Our Future!!!
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Watch Boxmining Video: DAOs Are Changing Our Future!!!.
As Wyoming became the first state to recognise DAOs (Decentralized Autonomous Organizations) as legal entities, DAOs are one of the most important construct in crypto, and DAOs will change every aspect of the economy, politics, and probably even your social life in the years ahead. Basically, a DAO is an organisation that has its own rules and structure written in code. They have an objective to provide a decentralised business model for all future enterprises. In order for a DAO to work, you would need 4 things, a set of rules, a token, voting right provisions and a very clear structure or roadmap.
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0:00 Introduction
0:50 What is DAO?
2:30 DAO & DeFi
2:50 Example use cases
3:42 Types of DAO
6:02 IreneDAO
7:00 My concerns
8:17 Conclusion
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I'm not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.
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