The DAO (stylized Đ) was a digital decentralized autonomous organization (DAO),[5] and a form of investor-directed venture capital fund.[6] It launched in April 2016 after a crowdfunding campaign. By September 2016, it was delisted and had, in effect, become defunct. The DAO had an objective to provide a new decentralized business model for organizing both commercial and non-profit enterprises.[7][8] It was instantiated on the Ethereum blockchain, and had no conventional management structure or board of directors.[7] The code of the DAO is open-source.

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