Imagine you or any employee in your workplace can have a say in all of the important decisions of your company from anywhere without having superior authorities who have a majority say?
Do you want to work in such a system?
Do you think you can create such a system?
Yes, you can with the help of DAOâs.
What are DAOs?
DAO stands for Decentralized Autonomous Organization. A DOA is an organization that is governed by its members and unaffected by a centralized authority and is represented by rules encoded as a computer program.
DAOâs are very popular under Decentralized Finance projects like Cryptocurrencies.
DAOâs are built using the blockchain technology.
Can one create a DAO easily?
Yes, anyone with technical knowledge can create a DAO easily with the help of platforms such as DaoDao.io, thirdweb, daostack, Aragon, DAOhaus etc.
While creation of a DAO may be easy, successful running of a DAO is quite difficult.
Topics covered
- What is a DAO?
- Why create a DAO?
- Creating a DAO using a DAO platform