The future for DAOs

DAOs are part of the emerging world of Decentralized Finance or DeFi. The World Economic Forum’s 2021 DeFi Policy-Maker Toolkit, noted a sudden upsurge in the sector in 2020 with the value of assets held in DeFi smart contracts growing 18-fold to $13 billion by year end.

“What is clear is that DeFi represents a distinct and potentially significant development, both within the landscape of blockchain and of financial services more generally,” the report concluded, going on to warn regulators there were “no clear answers” about its future.

This article was originally published on the World Economic Forum (WEF). You can read it here.