What Do DAOs Actually Do? — CoinDesk

That’s largely because DAOs, in their current form, have an almost impossibly broad ambit. It’s worth making sense of the chaos: What should a DAO actually do once everyone has found their way to the paywalled Discord channel? Crypto utopians say DAOs are the new companies, but, for now, many just operate like social clubs; a list of DAOs in a Twitter bio has become a status symbol in certain corners of crypto.