The DAO

The DAO (Decentralized Autonomous Organization) is a digital organization run by rules encoded as computer programs called smart contracts on a blockchain. It operates without traditional management or centralized leadership; instead, members collectively make decisions through voting mechanisms. Funds are pooled from investors, and governance decisions—such as funding projects—are executed automatically based on consensus. This structure aims for transparency, decentralization, and democratic control, allowing stakeholders worldwide to participate directly in organizational governance without intermediaries. Essentially, The DAO functions as a digital, self-governing entity built on blockchain technology, aligning interests through collective decision-making.