A DAO, also known as a decentralized autonomous organization, is a digital entity that is governed by its participants with no centralized management authority. The community makes decisions based on a proposal voting format, where a majority of voters decides whether a proposal is accepted or rejected. All the underlying processes of a DAO are enacted by the blockchain, thus ensuring full transparency, execution and immutability of results. DAOs also have native treasuries and other modules that are accessible via approval by a majority of votes.

The Web 3.0 is the third iteration of the internet that is expected to replace the currently operating Web 2.0 model. The main distinctive feature of Web 3.0 is its decentralized and user-oriented basis, allowing for better data interconnection and faster delivery to ensure a more personalized user experience.
The open structure of Web 3.0 means that its underlying software is accessible to users and can be viewed or even audited by the public. Such an approach allows the software to be tailored for user needs if necessary.