Mapping out the DAO ecosystem

On-chainSeptember 14, 2021, 3:05AM EDT
UPDATED: March 7, 2022, 1:19PM EST
Mapping out the DAO ecosystem
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Interest surrounding decentralized autonomous organizations (DAOs) in the crypto sector has been picking up by community members and investors looking to allocate to new sectors. Advocates of DAOs believe that these community-owned cooperatives can provide a new social layer of coordination on the internet without the need for centralized leadership. 

Some potential use cases for DAOs include governing protocols like DeFi applications, social clubs where like-minded individuals have exclusive access to talk about their shared interests, new investment vehicles where members pool capital together to invest in emerging crypto opportunities, and other organizations that act as talent pools and allocate resources and services with an economic purpose. 

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