What is a DAO in Crypto? (Animated Explanation)

Описание: What is a “DAO” in crypto?

DAO abbreviates as a “Decentralized Autonomous Organization”. In short, DAOs are groups of people who vote for changes and upgrades to be made on specific cryptocurrency-powered projects.

While the concept of a DAO might sound complicated at first, when broken down correctly, it’s actually rather simple, from a fundamental standpoint. In this video, I will tell you about DAOs in a simple-to-understand manner. You will also be able to learn how DAOs work, and why are they important in the world of crypto, too!

Do you know any cool DAO-powered projects? Share them with the rest of us, in the comment section below!

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Video Time Table:

0:00 Introduction to What is a DAO in Crypto
0:53 What is a DAO?
3:23 How do DAOs Work?
5:20 Why are DAOs Important?
8:10 Wrap-up: What is a DAO in Crypto?

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