Are DAOs overhyped and unworkable? Classes from the entrance traces

Ask 10 totally different folks to outline a decentralized autonomous group (DAO), and youll doubtless get 10 totally different definitions. However there’s a minimum of one factor most agree on: DAO governance is a multitude. At greatest, its an experiment within the works.

In line with DeepDAO, DAOs at the moment deal with a whopping $17.2 billion in worth. But many DAOs managing tens of millions of {dollars} have confirmed hopeless at heeding even probably the most fundamental of classes in enterprise administration 101. One doesn’t must look too far within the annals of crypto historical past to recall main DAO catastrophes.

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