HuntTown

Decentralized Autonomous Organizations (DAOs) are a key feature of Web 3, representing a new model for governance. Unlike traditional organizations that rely on centralized leadership, DAOs are run by code and decisions are made by the community through token-based voting. In a DAO, every member who holds tokens has a say in the decision-making process, making governance more democratic and transparent. DAOs are used for a variety of purposes, from managing decentralized protocols to funding community-driven projects. This shift in governance models empowers individuals, removes the need for hierarchical structures, and allows for more efficient and inclusive decision-making.