Non-Fungible Tokens (NFTs) and Decentralized Autonomous Organisations (DAOs)

Abstract

The intersection of non-fungible tokens (NFTs) and decentralised autonomous organisations (DAOs) highlights two transformative, yet divergent, applications of blockchain technology. NFTs focus on establishing unique digital ownership, emphasising individuality and exclusivity, while DAOs represent a collective governance model based on community-driven decision-making. This dynamic mirrors the contrasting personalities in The Odd Couple , symbolising the challenge of balancing uniqueness with collective action. Despite their differences, NFTs and DAOs are increasingly integrated in innovative ways, enabling new forms of collaboration and legal challenges. This chapter explores how NFTs and DAOs coexist, examining their legal structures, governance mechanisms and practical applications. Ultimately, it asks whether these two concepts are truly an ‘odd couple’ or a symbiotic pairing that is redefining ownership, governance and digital interaction.