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WHAT IS DAO IN NFT

DAO stands for "Decentralized Autonomous Organization." As the name suggests, it is an organization that operates autonomously, made possible by the decentralization of the Blockchain. A smart contract establishes certain rules that govern the organization. DAOs use a token .

Although this is its true meaning in the NFT ecosystem, and specifically in Solana, this term is used incorrectly, but usefully.

Normally when we hear DAO within the NFT market we refer to a group of people, usually on a discord server, who are part a community.

Under this concept, there are hundreds of DAOs consisting of thousands of people. It is also very common for NFT projects to refer to creating a DAO for holders once the mining has been done. Again this is a misuse that refers to the same concept explained.

Some of the best-known examples of DAOs by definition are Uniswap, Market DAO, or Curve DAO.

However, some of Solana' s best-known DAOs (as the term is generally used) are monkeDAO, SolHub DAO or Thomas DAO.

In Spain, the most Tops are undoubtedly V1PS and Cats Family.