As the complete transition from web2 to web3 consistently draws nearer, the blockchain technology has come quite far since its arrival back in 2009 with Bitcoin. Blockchain serves the core purpose of the third generation of the world wide web: decentralization. The tech works so as to return power over their own data and finances to the users and take it away from the centralized institutions aiming for monopolization.
Out of the many decentralized governance structures proposed by developers in the blockchain community, DAOs or decentralized autonomous organizations, certainly deserve a significant mention. As the name suggests, DAOs are not associated with any centralized institution, and every member in a DAO holds equal power over the governance and decision-making process.
DAOs serve a variety of use cases, depending upon which there are also multiple different types of DAO. In this post, we discuss exactly that: the different types of DAO or decentralized autonomous organizations.
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