As of June 2021, over $1 billion has been committed towards blockchain-native analogs of traditional corporations called decentralized autonomous organizations or DAOs. A DAO uses blockchains and smart contracts to organize the mechanics of corporate governance, thereby facilitating collective participation of distributed participants in the funding and production of community goods.
![](https://thedrcenter.org/wp-content/uploads/2022/11/w8Fm_EQb7jhvrd51VtE61-1-300x150.png)