Never come across the term Decentralised Autonomous Organisation
("DAO") before? You're not alone, but as of 13
January 2025, these virtual organisations held over US $32.2
billion in digital asset value on monitored blockchains
1 and represent the next frontier in digital asset
recovery.
What is a DAO?
Sometimes described as "companies of the future", DAOs
are virtual associations of anonymous2 token holders
which operate on a decentralised and open-source blockchain ledger.
In ethos, they are intended to be highly democratised structures
with no executive control and autonomous, in the sense that they
are governed at their inception by code which is written into
self-executing smart contracts deployed on the blockchain.
