In this article, Mycelium explains DAOs and observes recent developments relating to the recognition of DAOs in Australia.What are DAOs?A decentralised autonomous organisation (DAO) is a new form of business structure whose governance is decentralised and encoded in one or more smart contracts. DAOs exist on blockchains and allow an infinite number of participants (including individuals, companies or other DAOs) to coordinate their decision-making and resources transparently. To date, DAOs ha...