Odyssey DAO - What is a DAO?
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A DAO is a community that’s owned and managed by its members. Let's compare DAOs to traditional companies to understand how they work.
Learn / DAOs / What is a DAO? April 13, 2023 3 min read A DAO is a community that’s owned and managed by its members. Let's compare DAOs to traditional companies to understand how they work. On this page By Alex, Peter A DAO is a community that’s owned and managed by its members. DAOs vs. companies The simplest way to describe how a DAO works is to compare it to a company: Org structure Company: Hierarchical structure led by the CEO and other executives. DAO: Flat structure led by a group of core contributors. Decision making Company: Management approves proposals and makes…
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