DAO governance experiments highlight the potential of "wisdom of crowds" over elite decision-making. Case studies like The DAO (2016) aimed to leverage collective intelligence through token-based voting, enabling diverse stakeholders to influence decisions transparently. Despite its hack, it showed how decentralized input could challenge centralized control. MakerDAO’s governance demonstrates how community voting mitigates elite bias, with token holders collectively adjusting protocol parameters. Quadratic voting in some DAOs further refines this by prioritizing preference intensity, reducing majority tyranny. These experiments suggest that aggregating independent, diverse judgments often outperforms top-down decisions, as seen in Uniswap’s community-driven upgrades. However, challenges like low voter turnout and token concentration highlight the need for refined mechanisms to fully harness collective wisdom.