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Can the link between DAOs, NFTs accelerate the adoption of Web3?
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ambcrypto.comImagine a world that instead of being controlled by closed-door board room meetings and backroom lobbying, is operated by distributed governance on open-source networks. This vision is what blockchain-based decentralized autonomous organizations (DAO) are hoping to fulfill by creating platforms that replace traditional hierarchies and are governed by token holders.
In essence, DAOs are purely Internet-native organizations that lack a central leadership and are instead, operated through on-chain rules solidified in a smart contract. This allows for a bottom-up decision-making process whose consensus is achieved through voting. This part is where cryptocurrencies step in and act as governance tokens that allow holders to partake in all major
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