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A decentralized autonomous organization, sometimes called a decentralized autonomous corporation, is an organization constructed by rules encoded as a computer program that is often transparent, controlled by the organization's members and not influenced by a central government.
A decentralized autonomous organization (DAO) is an entity with no central leadership. Decisions get made from the bottom-up, governed by a community organized around a specific set of rules enforced on a blockchain. DAOs are internet-native organizations collectively owned and managed by their members.
DAOs are digital-native, community-led organizations powered by blockchain technology, where members vote on the direction and vision of their entity.
There are eight main types of DAOs. Protocol, grant, philanthropy, social, collector, venture, media and sub DAOs.