DAO
IntermediateA DAO (Decentralised Autonomous Organisation) is a blockchain-based system governed by code and community voting. DAO members typically hold governance tokens and vote on decisions, such as protocol updates or funding proposals, that are finalised without a central authority and recorded on the blockchain. DAOs promote transparency and decentralised governance, and are used in DeFi, NFTs, and Web3 communities. However, despite their benefits, DAOs face challenges like low participation and regulatory uncertainty.
