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DAOs are taking over the world

In 2021, the Total Value Locked in Decentralised Finance (DeFi) quadrupled to a total value of $111.27 billion. As DeFi and Crypto explode, Decentralized Autonomous Organizations (DAOs) are quickly making a comeback.

DAOs, or Decentralized Autonomous Organizations, are a type of business that is collectively owned and managed by its members. This means that DAO’s do not have a head, or a single unit of control. Instead, the administration of the company is distributed among its users. In other words, DAOs are autonomous entities that exist on the internet and allow for collective decision.

DAO

DAOs are not limited in scope – they can be as small as a startup or as large as a global conglomerate. As the total value of the community continues to grow, the business world is increasingly becoming decentralized, and it is important for society to full understand the potential of this new exciting technology.

I had the opportunity to participate on a great panel organised by Driving Fintech Forward. On this event we discussed topics such as:

  • Crypto-economics and the impact of DAOs on the growth of crypto

  • Decentralised decision-making: understand DAOs and how they function

  • A beginners guide to investing in Decentralized Autonomous Organizations

  • The impact on incumbent finance: Disruption or transformation?

  • DAO examples and innovation opportunities

  • The regulatory landscape for this year and beyond

You can learn more and check out the talk by going to this link.

As always, if you are interested in discussing more about topics such as DeFi, data science, blockchain and more, then make sure to get in touch. Also, make sure to check out the work we are doing with the Tesseract Academy on blockchain and tokenomics. We are hosting regular workshops on those topics, and also provide help to decision makers and companies that need it.


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Categories: BlockchainNews

Dr. Stylianos Kampakis is the owner and author of The Data Scientist.

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