Decentralized Autonomous Organization (DAO)

What does Decentralized Autonomous Organization (DAO) means?

These are transparent organizations with no centralized control. The essential attribute of a DAO is that nobody governs it. It uses autonomous rules based on smart contracts. In DAOs, an individual can’t decide what happens in an organization, as everyone shares equal voting power to determine an agreement.


Some examples of DAOs include:

  1. Uniswap
  2. Decentraland
  3. MakerDAO
  4. BitDAO

Random Slangs


They’re an influential personality in a crypto network (characterized by having huge capital whose decision can make or mare a project). For instance, a project

Utility-focused NFTs

These are NFTs that offer real-life uses or tools to perform a task. An excellent example of a utility NFT is Moonly, which gives unique

Paper hands

Selling an NFT rapidly below its floor price—often due to FOMO, fear of the project being a pump and dump, or a rug. Paper hands

Looks rare

Expresses scarcity or uniqueness; to mark an NFT as highly valuable. Rarity is one of the essential features that determine the worth of an NFT.

ENS (.eth)

A short form of “Ethereum Name Service.” ENS is the blockchain naming standard for the Ethereum network. It helps shorten wallets and dApps names, transforming

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