> For the complete documentation index, see [llms.txt](https://bored-hash-club.gitbook.io/bored-hash-club-white-paper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://bored-hash-club.gitbook.io/bored-hash-club-white-paper/bhc/dao.md).

# DAO

DAO is an acronym for **Decentralized Autonomous Organization**, a community-led organization that lets members vote on the direction of their entity. Collector DAOs allow multiple individuals to own a fragment of an NFT; this gives smaller NFT traders an opportunity to join more expensive projects.