Who will rule the metaverses? Decentralized Autonomous Organizations (DAOs) gained media
attention in November 2021 when the ConstitutionDAO set out to buy a rare copy of the US
Constitution at Sotheby's.
The project raised 47 million dollars, but lost the auction. However, since the creation
of the first DAO in 2016 and to this day, this governance model has attracted the attention
of an increasing number of people.

What is DAO? It is a blockchain-based community managed by all members of the organization
(decentralized governance model as opposed to traditional hierarchical models). All rules
and interactions in DAO are built on code and smart contracts with automatic execution.

“DAO = automation at the center and people at the edges,” Ethereum co-founder Vitalik Buterin.

Citi Group analysts believe that the DAO will be the main governing body in the new metaverses.
True, it is not yet known what centralized technology giants and representatives of regulators will do in this story.

Will they transform themselves into DAO, or will they prefer to "choke" this concept with all the forces they have?