I think that's a pretty good analogy. I'll add a few other details to color the picture. DAOs can also be built to support fund disbursal through a m-of-n mult

I think that's a pretty good analogy. I'll add a few other details to color the picture. DAOs can also be built to support fund disbursal through a m-of-n multisig - ie, a certain number of members have to vote on a transaction. It's also possible to do things like create NFTs and setup recurring revenue from them to go back to the DAO which distributes them to their members. Side note - in WY, DAOs have some degree of legal standing now (IANAL): https://www.wyoleg.gov/Legislation/2021/SF0038 https://www.wyoleg.gov/Legislation/2021/SF0038