Imagine a global company with a budget in the billions of dollars, yet it has no headquarters, no CEO, no board of directors, and not even traditional employees! Even stranger, the decisions of this company are not made by one person behind closed doors, but are voted on by thousands of people around the world with complete transparency.
Does this sound like science fiction? In the crypto world, this is a reality we live today and is known as “Decentralized Autonomous Organizations” (DAOs). So how do these strange entities work?