Ask 10 completely different individuals to outline a decentralized autonomous group (DAO), and youll probably get 10 completely different definitions. However there may be a minimum of one factor most agree on: DAO governance is a large number. At greatest, its an experiment within the works.
Based on DeepDAO, DAOs as we speak deal with a whopping $17.2 billion in worth. But many DAOs managing tens of millions of {dollars} have confirmed hopeless at heeding even essentially the most primary of classes in enterprise administration 101. One doesn’t should look too far within the annals of crypto historical past to recall main DAO catastrophes.
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