DAOs are blockchain-based governance entities that operate through smart contracts and community voting, eliminating traditional corporate hierarchies. Prominent DAOs like Uniswap, MakerDAO, and ConstitutionDAO showcase decentralized decision-making for financial and social initiatives. DAO governance mechanisms use token-based voting, proposal incentives, and treasury management to align community interests. New DAO models include investment DAOs, social DAOs, and service DAOs, where decentralized organizations fund projects, drive adoption, and provide decentralized workforce solutions. As regulators scrutinize DAOs, issues like legal recognition, liability risks, and smart contract vulnerabilities must be addressed.
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