[ad_1] DAO: Decentralized. Autonomous. Organization. “The whole phrase is a misnomer. They’re not decentralized, not autonomous and they are not organizations,” Monsterplay blockchain consultancy founder David Freuden tells Magazine. Freuden co-authored a 51-page report on DAOs in May 2020 in an attempt to help realize their potential. “We need DAOs,” he explains. “The idea of ‘shareholder first’ is only a 1980s/1990s concept. Companies became about profits, not products.” He foresaw big things for DAOs and much has changed nearly two years later. By the end of 2021, DAOs had more than…
Read MoreHow do you DAO? Can DAOs scale and other burning questions – Cointelegraph Magazine
