What is a DAO? - ALL You Need to KNOW

What is a DAO? How does a DAO work? Who makes a DAO? What are some of the most popular DAOs?
These are some of the questions we will try to answer on this very special episode of CoinMarketCap.
DAO stands for Decentralized Autonomous Organization
But why are they needed and how could they ever compete with a traditional business structure?
Well you're all familiar with one, if not the first DAO - Bitcoin. Bitcoin is generally considered to be the first fully working DAO because it's a fully running operational protocol without the need for one person or a collective to keep it running. It's been over 10 years and Bitcoin continues to function autonomously.
To understand DAOs, first you need to understand the technology that's behind them.
DAOs rely on smart contracts which are collections of code that run on the blockchain.
Now if you think of a company that you work for, there's typically a hierarchy that looks something like a pyramid. There's a board of directors, executives or upper management. And these are the key decision makers. And those at the bottom of the pyramid really don't have much power to make changes or to propose new ideas. If you compare that with a DAO, the rules and governance of each DAO are coded in smart contracts on the blockchain and those rules cannot be changed, unless voted on by the DAO members. But there is much, much more:
0:00 - What is a DAO?
01:09 - The Difference Between DAOs and Traditional Businesses
01:50 - DAO Smart Contracts and How to Join a DAO
02:29 - Improving Business Models with DAOs
03:55 - What are the Cons with a DAO?
04:30 - DAO Categories
06:39 - What is the Biggest DAO?
07:01 - Shapeshift DAO
07:37 - Incorporate DAO in Wyoming
08:02 - Mark Cuban on DAO's
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[@CoinMarketCapOfficial]

Comment below, what's your favorite DAO?

[@REKLAMA.Business]

Дзэдун 😀👍😎

[@prossino6792]

ETHFIN (Ethernal Finance)

[@KingsRight]

deCRED has the best DAO. only TRUE DAO there is.

[@wealthiness]

Klima

[@iBTC]

pidao

[@James__Bond_007]

I watch her, and understand that she knows nothing... just reading lyrics.

[@James__Bond_007]

Im sorry, but guess this is the truth. Else you prove otherwise?

[@blueballs3558]

@@James__Bond_007 and who are you supposed to be? Mister know-it-all

[@mafiatenets]

Do you realize how much longer it takes to edit an informative video recorded without a script, than it takes to edit a video recorded with a script? No matter how much you know, you will mess up sometimes, which in turn makes a script pretty useful. xD

[@Lightsydephil]

So it cuts out the middle man in the digital world? Correct me if I'm wrong.

[@l.e.nichols9382]

So much good info. Should I take to Wyoming to register my DAO then?

[@CoinMarketCapOfficial]

Glad it helped!

[@robjm1975]

Great video Jessica! Thank you so much for highlighting Blocks as the first DAO llc. They have already established core partnerships and international relationships. Big things are on the horizon!

[@italodelcol3241]

Thanks Jessica like listening to you & your knowledge on crypto

[@CoinMarketCapOfficial]

Happy to hear that!

[@zaimikidchannel8250]

Useful info

[@princeiamc]

Hi all 👋. Here because of GMPD :).

[@lukelevanchy3649]

Blocks DAO already obtaining government contracts for blockchain solutions

[@marcoreus1681]

This really great ❤

[@sirholycow]

Nice vid, cheers.

[@DontDrop]

Great project

[@samo-bz1wm]

Fantastic!

[@CoinMarketCapOfficial]

Glad you like it!

[@deegee4313]

She mentions BLOCKS token baby.. finally we are getting some recognition.

[@airdropworld4266]

great project

[@JumperAce]

good video but please put up some audio dampers on the walls

[@Starrlight2]

Thanks jessy

[@slowave9664]

Hi, and have you heard of MEMORABILIA DAO. It was just summoned and the NFT MINT is TODAY at 15:00 UTC. Love Dena

[@Ibrahim_Sahil]

👍👍👍

[@12Krypton]

I feel like Jessica Walker is carrying this channel.

[@jovonrosen8417]

I think she pronounces her name JASsica.

[@xdaywolf]

Blocks DAO LLC at 7:45 nice!!!!!!!!

[@edisonlim3311]

What happen to BSC33DAO pls provide info.

[@JohnMarino7]

Cashed out of Midas and added more to Hector DAO

[@antking4026]

It’s like robot speaking…

[@MoneyKing5010]

Nice project

[@Tibbers12]

$BLOCKS is the future kiddos. Buckle up!!

[@arashahmadi8076]

Nice

[@YvesThePoet]

Love this! Would love to contribute creative skills to a DAO.

[@CoinMarketCapOfficial]

That would be cool!

[@SvS34TR]

Yes great

[@hynuss]

❤

[@arthurianlegend352]

Hello she Is making my chart go parabolic

[@nessuno5403]

No nimrod, that's your DSI (Daily Stupidity Index)

[@movieever1652]

ANT 🚀🚀

[@TheManaLord]

Now that you all know about DAO's, I recommend checking out Oracle Finance DAO, they are launching soon presale begins 3/14, they payout in stable coins which is unique to other projects rewards, rebase token with plans to moon :)

[@ScottDieken]

DAO is the opposite of corporations and uses the mastermind principle from think and grow rich.

[@yockham2373]

i will love to work for a DAO Jessica

[@Boni-et7by]

The best

[@richardwhatever]

The editing on these videos is very irritating. Way too many cuts. Content is good though.

[@sachinkudi941]

Any Decentralized community investment protocol DCIP fans here ?

[@charlieparkeris]

Where is her accent from? It's like a mishmash of Newcastle, London, Northern Ireland, Australia and Wales or something... it's kind of blowing my mind.

[@Richz87]

And just a hint of Reddit

[@titikjeda8967]

forts comments 🚀🚀

[@DukeDaGawd]

Very helpful. Dao is the future.

[@user-tw5qt6xi8q]

Awesome project

[@PeaceFullSpirit8]

olympus dao

[@archiko22]

DAO will be the future like web3.0

[@rabbanys1125]

Nice one.

[@shortlifemj3367]

create community

[@methylmercurypoisoning]

Badger is DAO

[@Samuel-lf4yq]

this chicks smokin

[@greenlamp9219]

lmao coin market cap picks some instagram influencer to be the news face of crypto even though crypto was all built by literal men this woman would never so much as glance at in the real world

[@Lightsydephil]

Keywords DAO+BLOCKS=HUMBL

[@foroughmakarian5276]

Thanks for sharing.I’ve checked top Daos in coin market cap,I have a question that does each dao have a road map?How Can I introduce My Dao?

[@sachinkudi941]

DCIP

[@imawildman]

You recording this in a bathroom?? Sounds like it. lol

[@sachinkudi941]

DCIP a DAO ??

[@MrAlimix99]

Cisla

[@zephyrvods]

Who is Alex?

[@CoinMarketCapOfficial]

Glad you asked! CoinMarketCap.com/Alexandria

[@alexandrulupu725]

Jessica is a baby-doll.

[@iyappand2941]

hi

[@elnazmardani9350]

the best project

[@CommunityHotline]

This girl is hot. Great casting lol

[@fclopez6428]

I like to watch her and have her pretend to know crypto but dam do I like watching her

[@bishalsha1896]

Coinmarket cap why u hate trust wallet i love trust wallet

[@bubiscauri9896]

Nemesis dao bitches✌

[@greglaurie1009]

*The crypto market has been favourable in the past weeks, I keep missing out on this opportunity, I'm most certainly very impatient how can I ever make a profit in the crypto market.*

[@limken1343]

Regulations? NO GOVERMENTS SHOULD JUST SHUT UP BUZZ OFF AND DONT TOUCH THEM! How to protect??? Hello!!! when you come into crypto the base idea is that you are your own bank. So for those whom still expect govt to protect you grow up and take responsibility for yourself instead of expecting govt to do everything. And in my view most current basic law just needed to be extended slightly at most to give sufficient protection anyway

[@theeasterling3383]

She is such a cutie 😍

[@gippnasty]

i daobt that i'd ever turn this girl and her beautifully done lips down

[@ViralVideos-pg8wt]

Soooooooo HOT 🔥

[@REKLAMA.Business]

поздравляю с 300К

[@marshalljooste2814]

I can watch you talk the whole day

[@marshalljooste2814]

@CoinMarketCap fake

[@gerardkingdev]

Simp for a lip flip.

[@deanmindock3680]

She needs to wear a burqa. 😍

[@kimchisgood2993]

Dao it’s a rug pull

[@sandeepch8201]

I LOVE YOU DARLING 😘 THANK YOU 😘

[@aartinho]

down bad

[@edcarsa]

this is a fantastic video! Thank you very much

[@CoinMarketCapOfficial]

You're very welcome!

[@beebleboxn]

Not their work anyways.

[@mutazmohamed6855]

I love this fucking face 🤩

[@Dr-dikhead]

big ol uneven lip filler lol

[@sergeidecoene9822]

Onlyfans?

[@LeoInterHyenaem]

The presenter radiates a very pleasant energy. Sure, she is pretty. But she appears also very sympathetic.

[@nessuno5403]

😂 here is another hopium smoker

[@thomasanderson9743]

Nemesis Dao just got Certik audited and devs are doxxed! This one is going to be last one standing guys! Don’t miss out!!! P.S. how’s 120 Billion % APY sound? 😎

[@abdulrohmanrohman3622]

Wonderful project, this project is very good and this projector has a lot of attractions, so hopefully the project will be better in the future and the cryptocurrency will be the best.

[@SamJonesOutdoors]

$hmbl $blocks first DAO registered. humblpay powered by Blocks

[@lanai708]

great project

[@sadeghtm7874]

Nice