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As Web 3.0 and the metaverse were becoming hotspots, DAO, the Decentralized Autonomous Organization, also achieved explosive growth last year. In 2021, the total number of DAO participants, according to data from DeepDAO.io, grew from about 13,000 to over 1.6 million, an increase of 130 times; the total DAO assets also increased from $400 million to $16 billion, an increase of 40 times.
Bankless DAO is a typical representative in a series of DAOs with different goals and different organizational structures. In just over 7 months since its establishment, Bankless DAO has morphed into an excellent case of community cooperation in the crypto space. Bankless DAO can be used to answer questions such as "what is a DAO" and "why it is DAO".
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Gate.io Team
March 3rd