DAO Development Services Over the summer, a group of “crypto fans” raised funds to jointly make a seven-figure investment: the group bought the only existing copy of the album “Once Upon a Time in Shaolin” from the hip-hop group Wu-Tang Clan for an impressive $4 million.
What is DAO and what does the company of the future have to do with it :
The buyer was only revealed on October 20: it turned out to be an organization known
as DAO . DAO Platform Development The announcement came as a pleasant surprise to the crypto community and attracted media attention.DAO are no strangers to the world of rare collectibles. In June, they bought an NFT of the original Doge meme for $4 million.
DAO Development Services To understand DAOs, one must first understand the technology they are built on. Most DAOs rely on “smart contracts” — code that runs on the blockchain. Blockchain is a distributed database. The most famous application of this technology is the public documentation of transactions in cryptocurrencies and other digital assets such as NFTs, but there are many other ways to use it.