Decentralised Autonomous Organisations (DAOs) are autonomous, decentralised organisations managed by blockchain-based smart contracts. Here are a few real-world examples of DAOs :

  • MakerDAO: A decentralised lending platform named MakerDAO issues the stablecoin Dai, which is linked to the US dollar. A DAO is in charge of running the platform, and token holders can cast votes there to control the platform.
  • Gnosis: Gnosis is a platform that enables users to build and take part in prediction markets for the results of events. Gnosis is a DAO as well, and token owners have voting rights and platform control.
  • Uniswap: It is a decentralised marketplace where Ethereum (ETH) tokens can be traded. It is managed via a DAO, a voting system that allows token holders to control the site.
  • Aragon: Aragon is a platform that allows users to create and manage decentralised organisations. The platform itself is a DAO, and token holders can vote on proposals and govern the platform.
  • MolochDAO: MolochDAO is a decentralised company that supports the creation of open-source software. Token owners control the DAO, casting votes on proposals and allocating funding to initiatives they support.

These are just a few real-world examples of how DAOs are altering how businesses are managed and regulated in the real world. DAOs provide democratic decision-making, decentralisation, and transparency, which can result in a more fair and effective approach for managing companies. It’s conceivable that more firms will switch to a decentralised model in the future as DAO infrastructure and technology continue to advance.

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