For instance, DAOs, or Decentralised Autonomous Organisations, are having a profound impact on the revolutionary rise of Non-Fungible Tokens (NFTs). Investment DAOs: Venture or investment DAOs allow people to come together to raise money for a variety of DeFi activities. Grant DAOs: One of the primary functions of DAOs, grant DAOs allow users to collect funds in a central pool and allocate those finances based on community votes. NFT DAOs and collector DAOs can allow multiple individuals to invest in a fragment of an NFT or an NFT collection. NFT DAOs and collector DAOs can allow multiple individuals to invest in a fragment of an NFT or an NFT collection.

Source: Libya Today April 05, 2022 11:15 UTC