Decentralized Finance (DeFi) and a raging bull market for Non-Fungible Tokens (NFTs), Decentralized Autonomous Organizations (DAOs) have received far less acknowledgement despite playing an increasingly vital role in expanding the ambit of the global crypto ecosystem. Made possible due to the power of the blockchain, DAOs are a natural evolution of DeFi applications and have revolutionized governance through community-led voting mechanisms, involving holders of its native tokens.
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