Block Party

Crypto Basics: What are DAOs?

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As part of our Crypto Basics mini-series, today we’re discussing DAOs. A Decentralized Autonomous Organization, otherwise known as a DAO, offers a new and flexible approach to how we structure organizations. With multiple use cases, a DAO can be as simple as a group of friends saving up funds for a holiday or a decentralized group of lawyers building legal contracts.

By the end of this episode, you’ll know:

  • How exactly DAOs work?
  • Why we should be paying attention to DAOs?
  • What are some risks and challenges that DAOs face?

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