We Voted on It, and You’re Fired. Welcome to the New World of DAOs

DeFi Alliance Becomes ‘Alliance DAO’ After $50M Raise From 300 Web 3 Leaders

In democracies, Fortune 500 companies, blockchain DAOs, and other large organizations, few stakeholders actually contribute thoughtfully to governance. This isn’t a moral failing; rather, it’s a practical challenge. For example,I own shares in S&P 500 index funds, but I couldn’t possibly track the range of open issues at even a fraction of companies in the funds.

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