What are DAOs? 🤔💭

Anything can theoretically be or become a DAO, but DAO is a web3 term that stands for Decentralized Autonomous Organization.

In other words, DAOs are public, transparent, and verifiable organizations united around a common cause, and connected through a certain type of membership access.

NFTs have emerged as a form of Utility Token that allows "token holders" (share-holders) the ability to certain permissions, abilities, or actions within the group. There can of course be supporters in a given group, membership, or mission, but the token holders are the ones who might have governance over what the group does, actions they take, decisions they discuss making, etc.

Check out the full Tech Stack Playbook video on YouTube where we break down DAOs, discuss decentralized voting with Snapshot, and how blockchain-based voting could be verified on the public xDai blockchain using POAP - Bookmarks for your life.

🔗 Watch the video here: [ Ссылка ]

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