Popular DAOs
There are so many popular DAOs that highlight the diversity of applications and opportunities that arise from decentralized governance and community-driven decision-making in the blockchain space. As mentioned earlier, we have many DAOs in popular cities around the world.
Here is a list of popular DAOs, with details about their founding date, location, purpose, and their current level of success:
- The DAO: Founded in April 2016, in Zug, Switzerland. It aimed to operate as a decentralized venture capital fund, allowing members to vote on investment proposals. However, due to a security vulnerability, it suffered a major hack and funds were eventually recovered through a hard fork. The DAO was dissolved, but it served as an influential precursor to other DAO projects.
- MakerDAO: Founded in December 2017, in Santa Cruz, California, USA. MakerDAO is one of the pioneering DeFi DAOs. It operates on the Ethereum blockchain and its primary purpose is to provide a...