In these two videos, Complexity Labs explains the idea of a Decentralized Autonomous Organization (DAO). Another term you may have heard before is the Decentralized Autonomous Corporation (DAC), which is very similar although refers to for-profit organizations. The videos are for people new to the concept and presented at an introductory level, they discuss the current context surrounding the term DAO.
A decentralized autonomous organization is an organization that is run by rules that are created by their members through a consensus process and then written into a set of contracts that are run via computer code, thus enabling the automated management of a distributed organization.
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