DAO is a new Internet-native way for communities to efficiently and safely coordinate funds and labor

DAO is a new Internet-native way for communities to efficiently and safely coordinate funds and labor. Simply put, DAO is a coordination unit. Any group of people can easily create a DAO to perform their tasks, whether it is buying and managing a basketball team, creating a decentralized investment institution, or providing services to other DAOs.

Affected by the growing awareness of collective empowerment, the DAO ecosystem has recently become active because more and more people have discovered that these organizations will take work to a new dimension in the 21st century. One proof of the vigorous development of the DAO ecosystem is that all DAOs today manage about 7 billion U.S. dollars in assets and have 1 million members all over the world. At this time, the DAO ecology has only been born for 5 years!