Web3 is generating a variety of new business models. Decentralized autonomous organizations (DAOs), in particular, are an example of this. Web3 has started to gain tractionThe creator economy becomes a reality.

Natalie Salemink, CEO and founder of Prismatic — a tooling and treasury management platform for DAOs — told Cointelegraph thatDAOs (Digital Organizations) are web-native entitiesThey use smart contracts to promote coordination and governance towards a common goal.