DECENTRALIZED AUTONOMOUS ORGANIZATIONS (DAO)....

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Decentralized Autonomous Organizations (DAOs) are digital organizations that operate on blockchain technology and are managed through smart contracts, and do not require a central authority. These structures offer a transparent and democratic governance model where participants make decisions by voting.

At the core of DAOs are smart contracts that run automatically when certain conditions are met. These contracts define the rules and operation of the organization. Participants usually gain voting rights through token ownership and determine the direction of the organization by voting on proposed changes or investments.