November 15th, 2021

If you’ve been following the conversations around web3 on Twitter, you may have come across the term “DAO” (a decentralized autonomous organization). But what does that even mean?

A DAO, in its simplest form, is an internet community with a shared bank account that sets its own rules on how to operate.

If you’re reading about DAOs, you’ve likely come across crypto jargon like wallet, tokens, governance, proposals, off-chain, on-chain, among other confusing terms. This inaccessible language could make you feel like you don’t belong in the conversation. I know it did for me.

The good news is that we actually already know much more about DAOs than we ever imagined.