DAOs: A blockchain-based replacement for traditional crowdfunding

) to purchase an original copy of the United States constitution at auction. The group ultimately fell short in its bid but the audacity of that endeavor brought DAOs power to crowdfund to mainstream attention.

Digitalized crowdfunding in the form of DAOs has eliminated some traditional limits of the financing form. The simplicity makes it a disruptive force to traditional crowdfunding methods. DAOs are highly flexible and so far have minimal regulations from authorities. Every member that joins the DAO shares the risk among themselves should the purpose of the DAO fail to materialize. The members of the aforementioned ConstitutionDAO who requested refundsIt’s feeless and leaderless

Furthermore, different crowdfunding platforms have restrictions on the type of marketing you can run to finance your cause. In February 2022, GoFundMe

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