The DAO (organization)

The DAO was a digital decentralized autonomous organization and a form of investor-directed venture capital fund. The DAO had an objective to provide a new decentralized business model for organizing both commercial and non-profit enterprises.It was instantiated on the Ethereum blockchain, and had no conventional management structure or board of directors. The code of the DAO is open-source. The DAO was stateless, and not tied to any particular nation state. As a result, many questions of how government regulators would deal with a stateless fund were yet to be dealt with.

The DAO (organization)

The DAO was a digital decentralized autonomous organization and a form of investor-directed venture capital fund. The DAO had an objective to provide a new decentralized business model for organizing both commercial and non-profit enterprises.It was instantiated on the Ethereum blockchain, and had no conventional management structure or board of directors. The code of the DAO is open-source. The DAO was stateless, and not tied to any particular nation state. As a result, many questions of how government regulators would deal with a stateless fund were yet to be dealt with.