WTH with DAOs? (Part 1) - Perfunktory

Did you hear about the DAO that tried to buy a rare copy of the US Constitution a few weeks back? They got outbid by Citadel's CEO in the auction but the way they managed to raise $40 million dollars was commendable and showed us all the power of Community and Twitter. But what exactly is a DAO and why do you see everyone talking about it these days? That brings me to the question, What's the Hype with DAOs? In today's episode, we discuss: 1. (02:08) What is a DAO? 🏢 2. (03:16) How do DAOs work? 🏋️‍♀️ 3. (04:05) Why do we need DAOs? 🤔 4. (05:29) DAOs vs Traditional Organisations 📝 #16 - DAOs: Decentralized Autonomous Organisations 🏢 (Part 1) - Click Here Welcome back to a brand new episode of What's The Hype? with Perfunktory. Alright, I admit that I've been a little behind with the consistency of the podcast and the newsletter but guys, the shaadi season was upon us which actually was quite busy for me this year. But now we're back and we'll try to pick up the pace once again. December is the holiday month of the year, no? Just can't seem to get anything done and plus it's so cold so productivity goes down majorly. Newsletter: https://bit.ly/perfunktory Instagram: https://bit.ly/perfunktoryinsta Twitter: https://bit.ly/perfunktorytwitter Music: Still Awake by Ghostrifter Official | https://soundcloud.com/ghostrifter-officialMusic promoted by https://www.chosic.com/free-music/all/Creative Commons CC BY-SA 3.0 https://creativecommons.org/licenses/by-sa/3.0/ Midnight Stroll by Ghostrifter Official | https://soundcloud.com/ghostrifter-officialMusic promoted by https://www.chosic.com/free-music/all/Creative Commons CC BY-SA 3.0 https://creativecommons.org/licenses/by-sa/3.0/