Decentralized autonomous organizations — known as a DAO for short — have become a mainstay of the crypto world.
The rationale behind DAO is to enable companies and organizations to fully function without the need for a hierarchical management structure. As this Cointelegraph guide explained, it’s like a vending machine delivering a snack in exchange for a bundle of coins — and then automatically using those funds to reorder stock. There’s no need for human involvement in keeping the machine running, as all of the processes it needs to function are pre-written into code.
Beyond this real-world example, the possibilities for DAO are endless. There’s just one issue: Some believe that the potential and promise that this technology offers aren’t being fully exploited. Many DApps only use DAO for governance purposes — enabling community members to submit proposals and cast votes.
A growing band of crypto enthusiasts believe that DAO will play a starring role as the