28 Views· 28 January 2023
How does DAO make money?
How DAO make money
In this video we learn about how DAO make money. Lets Start with the defication
#what is DAO ?
A DAO is a decentralized autonomous organization that cooperates according to rules encoded on the Ethereum blockchain.
Because DAOs are decentralized, they are not subject to the control of any single entity.
The rules of a DAO are encoded in its smart contracts.
These rules determine how the DAO interacts with the outside world and how its internal affairs are managed.
For example,
A DAO may have rules that govern how new members can join, how decisions are made, and how funds are spent.
DAOs are open source, and anyone can create one.
However, creating a DAO is not a simple task.
A DAO cooperates according to rules encoded on the Ethereum blockchain.
Because DAOs are decentralized, they are not subject to the control of any single entity. This makes them more resistant to hacking and corruption.
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