DAO1 is the first community-led decentralized economic initiative with innovative and functional financial products and services. It is guided by a democratic digital governance system popularly known in the cryptocurrency industry as Decentralized Autonomous Organization (DAO).

The decentralized autonomous organizations have become popular in recent times. So much that Wyoming in the United States has recently clarified that the legal status of DAOs in their jurisdiction, starting July 1,2021 will be akin to that of Limited Liability Corporations.

Crypto with its addition like Decentralized Finance, Non Fungible Tokens or Decentralized Autonomous Organizations provide great opportunities in an ever-changing world moving ahead at a very fast pace. It took the crypto industry 10 years to reach a $1 trillion market cap, and another three months to double and hit the $2 trillion mark. With most cryptos at all-time highs, we are entering the mass adoption phase. Back in the day, we had a bank account, and we are looking towards banks that could give us the best interest for our hard-earned money. Lately, the interest has become very low, even negative in few cases. But in the meantime, we could stake cryptocurrencies and be paid a staking reward which is actually the new interest and looks very promising.