Crypto industry insiders estimate that the funds managed by Decentralized Autonomous Organisations (DAOs) now exceed $1 billion—up from about $10 million a year ago.
In 10 or 20 years from now, we’ll see “Silicon Valley in the cloud,” powered by DAOs, rather than corporations, Aaron Wright, co-founder of the OpenLaw digital contract platform, argued at Decrypt’s 2021 Ethereal Virtual Summit last week.
„DAOs will probably be viewed as the organizational entity for the Internet age,” Wright said. “I really do think that this is the future.”
Historically, in the crypto industry, DAOs have been used by groups big and small to manage protocol development, fund investments, or fulfill various other missions. But recently interest in these organizations that use automated decision-making processes and Ethereum smart contracts (instead of traditional hierarchical forms of governance) has soared. It’s been sparked by the growth in Decentralized Finance (DeFi,) the popularity
Źródło: https://decrypt.co/70405/over-1-billion-is-now-managed-by-daos
