A decentralized autonomous organization is a collective entity owned and operated by its community members. Funds are stored in their very own treasury and are governed by smart contracts, which means DAOs don’t have to rely on banks to store their funds. There is no central authority figure within the organization. Decisions are executed via proposals and voting, this ensures fairness and equality amongst its owners. Allowing everyone to have a voice within the DAO.
How do you join one? 👀
It’s not hard at all to join a DAO, in fact, anyone can. I recommend you get the following things before you get on board:
Web3 wallet — A web3 wallet is a tool that is used to allow access to a web 3 Dapps ( decentralized app ). I recommend that you get the industry standard, which is MetaMask (https://metamask.io)
Discord — Discord is a popular online community platform. You can, video call, audio call, and do all of the basic social media stuff. I recommend you get it because most DAOs are usually built on the platform.
I recommend joining the Bankless DAO if you really want to dive into things. Just head on over to their site for instructions https://www.bankless.community.