DeFi, dApps and DAOs: The Key Differences

A decentralized application is similar to a smart contract, but different in two key ways. First of all, a decentralized application has an unbounded number of participants on all sides of the market. Second, a decentralized application need not be necessarily financial. Because of this second requirement, decentralized applications are actually so... See more

What makes Venture DAOs different than VCs?The key difference between Venture DAOs and normal VCs is governance and consensus.Rather than the leader(s) determining the thesis and direction of the group, the community must evolve and adapt to changing circumstances by keeping open communication and having cryptographic votes when necessary.Venture D... See more

More simply, DAOs are a new way to finance projects, govern communities, and share value. Instead of a top-down hierarchical structure, they use Web3 technology and rapidly evolving governance and incentive systems to distribute decision-making authority and financial rewards. Typically, they do that by issuing tokens based on participation, contri... See more