A DAO is a kind of organizational structure, built with blockchain tech. DAO is a big deal in crypto
In their purest form, DAOs are groups that form for a common purpose, like investing in start-ups, managing a stablecoin or buying a bunch of NFTs.
Once it’s formed, a DAO is run by its members, often through the use of crypto tokens. These tokens often come with certain Rights attached such as ability to manage a treasury or vote on certain decisions.