Let's talk about Dao's

I started diving into Dao's. I kept hearing the term, but never took the time to find out what they were exactly. Finally, I have learned what they are. Dao's are:

  • a community
  • makes decisions as a collective
  • community-driven

There are various Dao's:

  1. Protocol Dao- this is a framework for a network to issue tokens that is community-based.

  2. Investment Dao- allowing members to raise capital in the early stages.

  3. Social Dao's- it's about meeting people with the same interest.

  4. Collector Dao- is similar to NFT'S.

  5. Service Dao's- is about the future of work and employment with crypto.

  6. Operating system Dao- less tech-savvy people can start a Dao.

  7. Grant Dao- community-based funds that get allocated to various projects.

  8. Media Dao- is about awareness and the news.

I would like to give credit to Coopahtroopa here is the article where I obtained this information here

This is a very good article that goes into great detail about Dao's.