DAO is the big concept for 2022 that will transform many industries By Cointelegraph

©Reuters. DAO is the great concept for 2022 that will transform many industries

The craze for blockchain and cryptocurrencies is not going to end anytime soon. And as more people are introduced to the revolutionary technologies in the digital space, new improvements are being introduced to these technologies as well. In the last couple of years, the DeFi and NFT industries have seen immense levels of growth, and today the metaverses and Web3 are the technologies lighting up the digital space.

It is not yet clear where these disruptive technologies will take us, but we are sure that there will be a lot of value at stake. At the convergence of Web3 and NFTs lie many platforms that seek to leverage technology and infrastructure to make the NFT ecosystem more decentralized, structured, and community-driven.

Using both social construction and governance, the disruption of decentralized autonomous organization is one rung higher. DAOs are a great invention that is challenging current governance systems. Using NFTs, DAOs are changing our perspective on how organizations and systems should be run, giving more credence to the idea that the optimal form of governance is not about hierarchical structures.

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