ICYMI: Mike Dudas explains why most DAOs are neither decentralized nor autonomous
LinksDAO, a decentralized autonomous organization aspiring to reimagine the idea of the golf country club through global membership, illustrates the complexity that can underpin the red-hot acronym.
In the case of LinksDAO, a corporation named LinksDAO Inc. is responsible for fundraising and business development. “The community is more of an advisory board, so we wouldn't be definitionally a DAO. We would be like a group of members who act as an advisory board to a C-corp.” This division is a necessary reality because, as Dudas puts it, “in America in 2022 you can't sell an NFT to the public using Ethereum self-custody wallets without KYC that gives somebody ownership of an asset.Still, regardless of the structure of a DAO, projects are cropping up to serve them with tools, Dudas noted.
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