All Collections
Blockchain Basics
Decentralized Finance (DeFi)
What is a Decentralized Autonomous Organization (DAO)?
What is a Decentralized Autonomous Organization (DAO)?
Avalanche avatar
Written by Avalanche
Updated over a week ago

A Decentralized Autonomous Organization (DAO) cooperates according to a transparent set of rules encoded on a blockchain, eliminating the need for a centralized, administrative, and potentially malicious entity. The reason some entities would want to create a DAO is to fundraise, manage financial operations, and/or decentralize governance to the community.

For any additional questions, please view our other knowledge base articles or contact a support team member via the chat button. Examples are for illustrative purposes only.

Did this answer your question?