DAO

DAO stands for Decentralized Autonomous Organization.

See also DHO or Decentralized Human Organization, a term popularized by Hypha.

Comparisons

DAOs are not OVNs - See Sensorica's work in progress about DAOs

In this paper, Vinicious has reclaimed the term as Decentralized Autopoietic Organism.

Governance

Usually meritocratic, formalized by its tokenomics.

Legal structures

• Informal - no legal representation, only exists on the blockchain (Ex. Bitcoin, Ethereum, Uniswap)
• Associations
• Wyoming DAO LLC