SpaceBoysNFTs Phase 1 Technical Paper
  • Introduction
    • Start here
      • How to use Metamask Guide
      • A Beginner’s Guide to OpenSea
    • What is a SpaceBoysNFT?
      • What is an NFT?
        • How do NFTs work?
        • Example of NFTs
    • Origins
    • Project Goals
    • Meet the Community TEAM!
  • SpaceMap
    • SpaceMap
    • A. MoonRocks & (Unknown Items)
    • B. NFTX
      • SpaceX: More Info
    • C. SpaceCity (NFT Worlds)
    • D. Community Events / Community Projects
    • E. StarBase by Spaceboys
    • F. Gaming Partnerships
    • G. Charity
    • H. Metaverse(s)
    • !!!WORMHOLE!!!
    • I. Return to Base/Home [End of Phase 1]
    • PHASE 2
  • Other Important Info
    • SpaceAliensNFT
    • Collection Data
    • Royalties and Income Flow
    • SpaceBoysHQ
    • Glossary
      • Airdrop
      • Blockchain
      • Blue chip
      • Bot
      • Burn / Burning
      • Decentralized Apps (dApps)
      • Decentralized Autonomous Organization (DAO)
      • DEX
      • Decentralized Finance (De-Fi)
      • Derivative
      • Dutch Auction
      • Fractional Ownership
      • GAS
      • Governance Tokens
      • Gwei
      • Hashrate
      • InterPlanetary Filing System
      • KYC
      • Layer 2
      • Liquidity Pool
      • Metadata
      • Minting
      • Multi-Sig
      • Non-custodial wallet
      • Oracle
      • Peer to Peer (p2p)
      • Proof of Stake (PoS
      • Proof of Work (PoW)
      • Royalties
      • Satoshi
      • Smart Contracts
      • Snapshot
      • Staking
      • WEB 3.0
      • Whitelist
      • Whitepaper
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  1. Other Important Info
  2. Glossary

Decentralized Autonomous Organization (DAO)

DAOs are member-owned communities without centralized leadership, which means that they are not governed by one single person or entity. Instead, the rules and governance are coded in smart contracts on the blockchain and changes can only be made through voting by the members of the DAO.

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Last updated 3 years ago