A DAO is not a company.
It is a way for a group of people to self-organize via the power of a Blockchain, in a way which is extremely resistant to corruption.
This has the power to topple existing Business Models.
But it is not the case that every DAO is meant to function as a company.
https://decentraland.org/whitepaper2.pdf?page=12
Embedded within smart contracts on the Ethereum blockchain, the DAO grants control to Voting Power (VP) holders. These are individuals who own assets within Decentraland, such as MANA tokens, LAND parcels, and NAMEs
The DAO’s mission revolves around
- Representative Governance
- Management of Collective Resources
- Technical Innovation and Sustainability
The Decentraland DAO should be seen as a “Landowners Association”, who see a common interest in ensuring the development of the overal infrastructure.
