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Dropping the DAO? Projects Abandon On-Chain Governance
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Dropping the DAO? Projects Abandon On-Chain Governance
The crypto community began discussing DAOs during the 2016–2018 ICO boom, fueled by widespread enthusiasm for decentralization. The prevailing logic was simple: if the technology is decentralized, its governance should be too. New models emerged that framed DAOs as a breakthrough enabled by blockchain and smart contracts—tools that allowed automated, trustless coordination. Like other experiments in decentralized systems, DAOs were typically lau…
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