What Is a Decentralized Autonomous Organization (DAO)?A decentralized autonomous organization (DAO) is an emerging form of legal structure that has no central governing body and whose members share a common goal to act in the best interest of the entity. Popularized through cryptocurrency enthusiasts and blockchain technology, DAOs are used to make decisions in a bottom-up management approach.KEY TAKEAWAYSA decentralized autonomous organization is an entity structure in which tokenholders par...