Startup Funding Espresso – What Are DAOs For?

What Are DAOs For?

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

DAO stands for Distributed Autonomous Organizations.

DAOs facilitate people's coordination toward a common goal.

DAOs give collective ownership to the members including decision making.

A DAO uses Web3 software to provide the coordination, voting, and governance rights of the members.

DAOs can be used for many types of goals including social, economic, and political.

Here are some example use cases:

A DAO can be used as a legal entity instead of an LLC or C-Corporation.

A DAO can provide compliance for meeting certain requirements such as environmental standards.

A DAO can be used to launch a social initiative to raise people out of poverty.

A DAO can be used to create an artistic movement and propagate the creative output of its members.

A DAO can be used to create a political action committee to further a group’s political agenda.

There are many more use cases for DAOs.

Consider using a DAO for your next project.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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