(stands for Decentralized Autonomous Organizations)
Governance on the Blockchain.
From Austin Griffith:
My theory with DAOs is that they spent years building intricate smart contracts with no need/PMF. Right now almost everything a DAO needs is a gnosis safe with a custom frontend. (We are building a gnosis safe frontend starter kit) And DAOs are blowing up because of gov tokens so now everyone needs these tools asap.