Editor’s note: This article was updated on 11 April 2022 to align with the release of thirdweb v2. What is a DAO? DAO stands for Decentralized Autonomous Organization. As it says in the name, a DAO is an organization without a single leader; instead, rules are encoded in the blockchain. Because of this, a DAO is completely transparent and everyone who participates has a stake. Large decisions are
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