A Beginner’s Guide to DAO, Killer of Corporate Structure and Hedge Funds

Last November, a group of cryptocurrency enthusiasts shocked the world by raising tens of millions of dollars to purchase a rare version of the US Constitution, which was auctioned off by the venerable Sotheby’s auction house.

If ConstitutionDao lost on the wire to billionaire hedge fund manager Ken Griffin of Citadel, it won a symbolic victory, etching into the collective memory the arrival and power of DAOs and a new way of investing.

The peculiarity of ConstitutionDao, which surprised many people and set it apart, is that it is a decentralized autonomous organization, or DAO, that is powered by blockchain technology.