The emergence of decentralized web has changed the method of building communities through the use of DAO.
DAOs are Decentralized Autonomous Organizations, already thats a mouth full but give me a minute, DAOs happen when a group of people with a common goal, Mission and Vision come together to achieve it in a decentralized way. We removed as many buzzwords as possible. A common meme definition is a group chat with a shared Crypto wallet. DAOs will change how we work and earn forever and we can see it happening already with multiple DAOs raising funding to build the future of work.
Membership is by owing a token created by the community. This makes it possible to create a community where every members has right in the decision making pertaining to the organization without the need of a central governing body like CEO or whatever. This type of organization also helps to build a trustless community where members do not need to trust each other rather the code that are set as the community rule .
Despite it’s power in building a decentralized community a DAO also has it’s own benefits and downsides