The DAO is a decentralized &quot;venture&quot; fund based on the Ethereum blockchain. It is meant to invest in projects and collect rewards for investors.<p>The amount raised 9 days into the fundraiser already makes it the #2 largest crowdfunded project.
<a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;List_of_highest_funded_crowdfunding_projects" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;List_of_highest_funded_crowdfu...</a><p>More on DAOs: <a href="https:&#x2F;&#x2F;www.ethereum.org&#x2F;dao" rel="nofollow">https:&#x2F;&#x2F;www.ethereum.org&#x2F;dao</a>