Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Galaxy on May 23, 2021, 06:11:03 PM
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Creative new DAOs are cropping up in China, each with its own specific purpose and group governance model.
The pronunciation of "DAO" is the same as 道 in Chinese, which means “path” (as in the Dao De Jing).
In the Western crypto world, we are seeing DAOs (decentralized autonomous organizations) become a new form of people organizing people. Prominent projects such as MakerDAO, LidoDAO, and many others have demonstrated the power of decentralized organization. Source (https://decrypt.co/71708/grassroots-daos-in-china-mao-nft-mcn-codex-qilin)
Guys what exactly?