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DAOs Are Changing Our Future!!!

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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 of DAOs
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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11 COMMENTS

  1. 🧡💛💚💙 Great video on DAOs . They are changing the game . My favourites are a group of the majors alongside ChainLink, so it'd be
    LINK UNI YFI MKR COMP AAVE CRV

  2. Thanks Gemmy. U.S citizens may be left out of this revolutionary industry. We will know more within a week or two. Biden will use executive order against crypto. The America Competes Act page 1482 gives the Treasury Secretary Janet Yellen unfettered power over all transactions. Best to everyone else. U.S has been left out by our own government since crypto inception. Very sad situation.

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