Get answers here Social Media Marketing Firms NFTs and DAOs: How They Work Together: Social Media Checker Why Companies Should Care About NFTs and DAOs Non-Fungible Tokens (NFTs) and Decentralized Autonomous Organizations (DAOs) will disrupt the business world. Traditionally, companies are run by founders, CEOs or other Governing bodies and even boards of directors. This person or group has the power to decide the direction of the company. Every decision it makes, every task or goal it performs is the sole responsibility of this centralized authority.
The farther you are from the center, the less Whatsapp list influence you have. The highest level is usually the president, founder or CEO, followed by VPs, managers, leaders, team leaders, and then employees. As you walk down the stairs, people's perceptions of what a company does and why are less and less appealing Using this hierarchy does not exist. Everyone is just a member of the organization, based on the structure, with equal rights and voting rights. And the person who built the DAO can leave the organization at any time, and everyone else can continue to perform their tasks. The real power lies in the smart contracts encoded in them. With smart contracts, companies can cut red tape. Smart contracts are for triggers and actions: if you can, you can.
It will happen. But it's not just big companies that can benefit from these smart deals. Small businesses can also save time and money by reducing intermediaries, red tape and transaction fees. When the work is done, the money is credited to their wallet without waiting for someone to read and approve the bill or the bank will process the fee. One of the most beautiful things about the relationship between NFTs and DAOs is that one can help shape the other. Both NFTs and DAOs are based on smart contracts, but they can also be created together. You can code your NFT smart contract to help fund your DAO, so every time an NFT is sold, a portion of the revenue is automatically sent to the DAO.