What is the Dao maker token (Dao)?

The DAO Maker token (DAO) is the governance token of the DAO Maker ecosystem, which is built on the Ethereum blockchain and allows holders to exercise control over the ecosystem.

What is an investment Dao?

Investment DAOs: Members of investment DAOs — also known as venture DAOs — pool their assets and vote on how and where to invest them using governance tokens. Profits and losses are shared by all members proportional to their stake.

What is a dao & a pleasrdao?

It’s important to understand that DAO is a broad term than encompasses a huge number of different types of groups and business. Two collectives can be vastly different, but still both be DAOs. The PleasrDAO collects various NFTs and invests in other assets. The HerStory DAO collects and funds projects by Black women and non-binary artists.

What happens if a dao doesn't use governance tokens?

If a DAO doesn’t use governance tokens, it may accept investment of other forms, like in ether, the second-largest cryptocurrency by market value, Wright explains, since the Ethereum blockchain powers most DAOs. But, again, each DAO has its own system. Beyond voting power, members can also work for their DAO.