DAO

A Decentralized Autonomous Organization (DAO) is a new form of organizational structure represented by rules encoded as a transparent computer program, often on a blockchain, that is controlled by its members and not influenced by a central government or traditional corporate hierarchy. The "decentralized" aspect means that decision-making power is distributed among token holders, rather than concentrated in a single entity, while "autonomous" refers to its self-executing nature based on pre-programmed smart contract logic.