Decentralized Autonomous Organization (DAO) community-based platform that utilizes the smart contracts advantages, where the governing authorities are the traders. In order to build a DAO NFT marketplace, the emphasis must be put on the users/traders. Some of the benefits an NFT platform enjoys with the support of DAO are,
– The community members make decisions through the voting system.
– The voting system enables many features on the NFT platform possible and facilitates its functionality.
– Using Smart contracts all the changes required and confirmed are made instantly.
– The NFT platform ensures complete transparency, having the traders understand the DAO-enabled platform in and out.