A DAO, or “Decentralized Autonomous Organization,” is a community-led entity with no central authority. It is fully autonomous and transparent: smart contracts lay the foundational rules, execute the agreed upon decisions, and at any point, proposals, voting, and even the very code itself can be publicly audited. Types of DAOs include, but are not limited to:Protocol DAOs – these DAOs, such as MakerDAO, focus on governance of decentralized protocolsInvestment or Grant DAOs – Investment or Gra...