Decentralized autonomous organizations (DAOs) are an emerging trend in the crypto space. Industry experts believe DAOs will be a game-changing disruption to current self-interested decision-making by centralized leaders and leverage power to the crowd, unlike traditional structures. But what are DAOs, and what do these innovative groups have to do with making movies?

DAOs are autonomous legal structures that operate without any hierarchical management or a central governing body. They are collectively owned are run by their members, who share a common interest. DAOs operate for a number of purposes, like crowdfunding or making important collective decisions.

So, will the year 2022 be the year for DAOs? With the convergence of web3 and NFTs, DAO will change the way how organizations will operate and will be more community-driven. Even the Hollywood film industry is gradually embarking on the world of decentralized filmmaking.