Chainalysis: Web3 ownership of DAOs is surprisingly concentrated

The ownership of decentralized autonomous organizations (DAOs), which manage Web3 projects, is surprisingly concentrated, according to a report by research firm Chainalysis.

Such DAOs are a staple of Web3, as founders invite community followers, users, and other stakeholders to get an ownership stake and a say in how Web3 projects are governed. But despite democratic principles, Chainalysis found fewer than 1% of all DAO holders have 90% of the voting power.