Comment by fallinditch

The DAO, decentralized autonomous organization, holds some promise for new types of cooperative business models. For example, you can define a governance structure that is appropriate for your business. Many DAOs are operating in the Web 3 space, often using Discord as the main communication platform, some with crypto-powered tokens that reward users and participants.

There are examples of successful DAOs, while others have stumbled - governance rules are hard to get right, and it can take a disproportionate amount of time for discussions, voting, admin, etc.

I think we're still in the early stages of the DAO concept and with new governance models and platforms to facilitate building and managing DAOs with best practices we'll start to see a lot more success in this area.