The Web3 (r)evolution is not only necessary but inevitable
Web3 — The next generation of the internet, is a cultural and technological watershed.
The Web3 revolution is already underway and led by some of the early-adopting innovators who are building and using new technologies to improve upon most of the problems that plagued Web2—user data security, privacy, content monetization, and centralization.
DAOs have become the linchpin of Web3 world
In the last 5 years, Decentralized Autonomous Organizations or DAOs have generated highly valued cryptocurrencies on Ethereum and made headlines globally. Whether it is the infamous The DAO that was hacked and robbed of $60 million of ether, ConstitutionDAO that tried to buy the Constitution, or Klima DAO that is working to solve critical problems of the carbon markets, you must have come across the term once if you go online every day.
DAO is just a chatroom with a shared bank account, as Cooper Turley, a DAO investor and builder calls it. There is some truth in this statement but it barely does justice to what a DAO could achieve.