@thirdclapsbu
A DAO, or Decentralized Autonomous Organization, is a collective that operates on a blockchain platform. It's not a traditional company with a physical presence; instead, it's a digital entity governed by smart contracts. These rules, encoded in the blockchain, are self-executed and transparent, eliminating the need for intermediaries. DAOs allow members to propose, vote on, and enact decisions directly, creating a decentralized governance structure. This fosters an environment where every member has a say in the organization's direction, making it a powerful tool for community-driven projects and businesses.
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