DAO: governance of tokenized intangible content

DAO stands for a “decentralized autonomous organization”. Implemented as a smart contract in a public blockchain, a DAO operates according to the programmed rules as compared to being controlled by executives in an organization. DAOs run without a central authority an all the rules of the organization are enforced by the code running in a blockchain. Furthermore, DAOs often manage their own treasury and issue their own tokens. These tokens represent the membership, voting rights and/or ownership of the DAO - DAOs can perform similarly to traditional organizations such as corporations, cooperatives, non-profits.

In the Lynqyo network, any registered user can create and operate DAO to co-own and co-manage tokenized content. DAO can be used to create content (tokens and/or NFT-NFC pools) and funds. DAOs themselves can have both governance and voting rights and allow to claim a share of profit from specific DAO or pool.