DAO (Decentralized Autonomous Organization)
An organization governed by smart contracts and token-holder voting, rather than traditional management.
In depth
Members vote on proposals using governance tokens. Examples: MakerDAO (oversees DAI stablecoin), Uniswap DAO, Aave DAO. Legal status remains unclear in most jurisdictions. "The DAO" 2016 hack was a watershed moment leading to Ethereum's hard fork.