Today a DAO just distributed 1.5 billion dollars worth of ENS tokens. They were distributed to owners of .eth domains. DAO is short for “Decentralized Autonomous Organization”.
What is a DAO? A DAO is sort of like a corporation, but it’s stored on the Ethereum blockchain. Wyoming passed a DAO law that links on-chain DAOs to real corporations. The corporation that currently manages the Domain Name Service (DNS) is ICANN.