9 DAO's To Pay Attention To Right Now

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Decentralized Autonomous Organizations, or DAOs, are a fascinating governance structure involving blockchain technology. There are no specific boundaries within which DAOs operate, allowing for innovative concepts and ideas. The following eight DAOs all try something unique, making them of great interest to onlookers and enthusiasts. 

The concept behind the FriesDAO is unusual, as the group of community members aims to buy fast food places. That is an intriguing take on building a decentralized social experiment where cryptocurrency community members can influence the real world. Acquiring these fast food places will require tremendous funding, and the FriesDAO currently sits at over $5.4 million. Most of those funds - $3.5 million - came from a weeklong whitelist sale, confirming strong interest in this DAO-based approach.

As the public sale is currently ongoing, money continues to pour in. The Treasury will be used to purchase franchises and expand the empire. More importantly, this approach creates utility, as the FriesDAO will explore issuing NFT coupons for free food, among other things. Contributors to the DAO receive $FRIES governance tokens, yet they do not provide ownership stake in stores or its profits. 

Building a fast-food empire requires people with expertise in the field. The FriesDAO recently added Kory Spiroff, President of Domino's for the Middle East and Northern Africa to its team. Olivier and Jean-Claude Meyer - the largest holders of Domino's Pizza Franchises in Northern Africa are also on board. Other members include Drizly founder Brett Beller, Bill ‘Swo’