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DAO Directory By Crypto Witch Club
GM web3 witches! Last week we published our DAO demystification for witches interested in getting involved with DAOs and wanting to learn how they can best lend their voices, talent, and contributions to decentralized autonomous organizations they believe in. Here’s our next chapter on all things DAOs, covering 15 DAOs we’re obsessed with right now — from art curation to DeFi to marketing guilds and sustainability collectives.
DEMYSTIFYING DAOs
DAO is an acronym for “Decentralized Autonomous Organization,” and it’s a type of organization that operates on a blockchain network, such as Ethereum.
In traditional organizations, there is typically a hierarchical structure with a centralized decision-making authority. Think employees, managers, c-level, and shareholders. By contrast, in a DAO, decision-making is decentralized, meaning that it’s spread out among the members of the organization who each have a say in how the organization operates. These capabilities are achieved through smart contracts that automate decision-making based on the consensus of the organization’s members. Because a DAO is autonomous, self-governing, and operates according to…