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What Is DAO in Crypto? - Decentralized Autonomous Organization - DAO Explained in 7 min- SimplilearnSwensen, who manages Yale's $ billion endowment, has invested in two funds dedicated to cryptocurrencies, sources tell CNBC. Independence is the ability to own your time; it is personal autonomy and control over one's life. True independence goes beyond political. A decentralized autonomous organization (DAO) is a management structure that uses blockchain technology to automate some aspects of voting and transaction.