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.
In trying to understand DNS better, I stumbled upon this little bit of history in RFC 1034:
RFC 1034 Domain Concepts and Facilities November 1987
2.1. The history of domain names
The impetus for the development of the domain system was growth in the Internet: Host name to address mappings were maintained by the Network Information Center (NIC) in a single file (HOSTS.TXT) which was FTPed by all hosts [RFC-952, RFC-953].