DAO, Decentralized Autonomous Organization
A DAO, or a "decentralized autonomous organization", is a new type of organization that leverages auto-organization, constructed by rules encoded as a transparent computer program, without central control or leadership.
DAOs have existed for a long time, but we have seen exponential growth since 2021, with DeFi protocols, build onblockchain, delegating governance to their communities. DAOs have been so far mainly connected to the crypto world. Still, this decentralized model is being quickly embraced by the traditional organization where ownership is distributed, giving one direction to "do what is left to do" rather than "do what you are told".
Check out thisblog article about Gumroadand how they have an organization without meetings, deadlines or full-time employees.