This new evolution of hierarchical organizational structure is not limited in any way. DAO can be said to be all over the place and categorized based on their operations.
Protocol DAOs are a set of autonomous organizations that use the organization token as a voting metric to decide the following line of action. Key examples are Uniswap, MakerDAO, Yearn Finance, etc.
Another type of DAO is the Investment DAO. This is a type of the first-ever DAO called “The DAO”. It was a venture capital organization where individuals pool their capital together and decide which projects to invest in. Current examples of this type of DAO are The LAO, BitDAO, etc.
Collector DAO is also a popular type of DAO where NFT artists and/or collectors pool funds together to purchase fractionalized or full NFTs. A good example is Flamingo.
You can create DAO membership passes as NFTs easily using Daccred, a no-code User-Generated NFT (UGN) platform like Canva.
We also have the likes of Grant DAOs, Social DAOs, Service DAOs, and even Media DAOs.
DAOs currently have a market capitalization of about $13 billion with Uniswap, Maker, and Curve, leading the pack.
Billionaire Mark Cuban believes in the potential of this sector of blockchain technology. In his words, “Trustless can surely pay.”