A decentralized autonomous organization (DAO) is an entity with no central leadership. Decisions get made from the bottom up, governed by a community organized around a specific set of rules enforced on a blockchain.
DAOs are internet-native organizations collectively owned and managed by their members. They have built-in treasuries that are only accessible with the approval of their members. Decisions are made via proposals the group votes on during a specified period.
A DAO works without hierarchical management and can have many purposes.
impactMarket protocol is intended to be a public good owned by everyone. The way to make it possible is through a DAO.