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Report card on DAOs shows an 8X growth over the past 12 months but…
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ambcrypto.comDecentralized Autonomous Organizations (DAOs) are becoming the ‘companies’ of the metaverse. These digital companies are operated by blockchain smart contracts and governed by ‘shareholder’ votes via Discord.
Most DAOs are fully online, with members meeting in person rarely, if at all. Blockchain technology powers a DAO, making all transactions transparent and immutable.
The total number of DAOs has increased dramatically over the past 12 months. Data compiled by Snapshot Labs and shared by Electric Capital Engineer Emre Caliskan highlighted this stat in a 9 June tweet.
<p lang=«en» dir=«ltr» xml:lang=«en»>1/ DAO governance activity is exploding Read more on ambcrypto.comAbout this in other media
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