The Rise of DecentralizedAutonomous Organizations(DAOs)
In political philosophy, the concept of “consent of the governed” refers to the idea that a government’s legitimacy and moral right to use state power is justified and lawful only when the people or society over which that political power is exercised consent to it. It’s this philosophy that drove Kevin Owocki to organize his company into a decentralized autonomous organization (DAO) rather than an LLC. He observed the foundational role of open source software and the inefficiencies in traditional recruitment processes and was driven to seek a more inclusive and efficient solution. Thus, Gitcoin was born, a platform designed to fund open source projects through a decentralized ...
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