What Does This Mean?
DAO stands for Decentralized Autonomous Organization: a crypto/blockchain-based organizational structure governed by smart-contract code and token-holder voting rather than a traditional centralized management hierarchy.
REAL-WORLD EXAMPLE
"The community voted through the DAO to allocate treasury funds to a new grants program."
LORE & ORIGIN
The concept was formalized and popularized starting in 2016 with "The DAO," an Ethereum-based venture fund that suffered a major hack that same year draining tens of millions of dollars in ETH; despite that, the DAO structure went on to become an established, broader category of crypto governance used across the industry.
EQUIVALENT CONCEPTS IN OTHER LANGUAGES
MENTIONS OVER TIME
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