Are DAOs the future of DeFi?
Monday, October 25, 2021 at 04:28PM
Charlie in Digital Financial Reporting

This article, Are DAOs the future of DeFi?, by Mikhail Goryunov is worth reading. Here is the conclusion of the article: (emphasis is mine)

At this point, decentralized virtual communities and groups are essentially a big experiment in applying a new concept of interaction and governance. DAOs can offer innovative approaches to doing business, project development, collaboration, and coordination. The development of affordable ways to create DAOs and incorporate them into decentralized protocols is essential to reach widespread adoption. As this type of organization becomes more popular and accepted, communities will grow, forming both micro-economies and billion-dollar projects.

Worth considering.

A DAO is a great way to build a product and bring it to market.

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Article originally appeared on XBRL-based structured digital financial reporting (http://xbrl.squarespace.com/).
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