That's why we decided to start a DAO, or a decentralized autonomous organization, called CityDAO.

这就是为什么我们决定成立一个 DAO，或者一个去中心化的自治组织，叫做 CityDAO。

Imagine if the next social network or ride-hailing app were a DAO.

想象一下，如果下一个社交网络或打车应用是 DAO。

A DAO is an internet native, blockchain-governed, collectively owned organization working towards a shared mission.

DAO 是一个互联网原生、区块链管理、集体所有的组织，致力于实现共同的使命。

And maybe a DAO can even build the next great city.

也许 DAO 甚至可以建造下一个伟大的城市。

And some say the transparency and decentralization made it hard for the DAO to coordinate and win the auction.

有人说，透明度和去中心化使得 DAO 很难协调并赢得拍卖。

In a DAO, members act as peers, contributing capital, proposing and working on projects and making decisions as a group.

在 DAO 中，成员充当同行，贡献资金，提出项目并参与项目，并作为一个团队做出决策。

Most DAOs raised some initial funding by selling a governance token that gives holders voting rights over DAO activities.

大多数 DAO 通过出售治理令牌筹集了一些初始资金，该令牌赋予持有者对 DAO 活动的投票权。

And any time spending or money transfers are involved, the DAO approves it through a proposal.

涉及到的任何时间支出或资金转移，DAO 通过提案予以批准。

But in the face of serious digital crimes, a DAO can only do so much.

但面对严重的数字犯罪，DAO 能做的也就这么多了。

At the moment, metaverses are largely community-run, with decisions made through a DAO, Decentralized Autonomous Organization.

目前，metaverses 主要由社区运行，决策通过 DAO（去中心化自治组织）做出。