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The DAO is an investment vehicle governed by a program, directed by investors' votes, to seek out and fund proposals. Implemented as a smart contract on the Ethereum blockchain, The DAO has raised 11.5 million Ether, valued at $150 million at the time of writing. This is the largest crowd-funding event in history.The DAO is an exciting new construct: an investment vehicle governed by a program, directed by investors' votes, to seek out and fund proposals. Implemented as a smart contract on the Ethereum blockchain, The DAO has raised 11.5 million Ether, valued at $150 million at the time of writing. This is the largest crowd-funding event in history. |
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