What Is A DAO In NFT?

What Is A DAO In NFT

What Is A DAO In NFT?

DAO is an acronym for Decentralized Autonomous Organization, a community of the organization that gives the members the right to vote on the direction of their entity. Here collector DAO allows multiple individuals to own the fragment of an NFT, which allows smaller traders to join the expensive projects.

DAOs have the ability and rights to help emerging NFT creators foster a community. DAO works similarly to a corporation, but the difference is that it works without a hierarchical structure. In this DAO, members are not bound by any formal contract; and instead of that, they are bounded by common goals to reach the target.

   

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