Backer DAO is a decentralized autonomous organization that focuses on community-driven funding for projects in the blockchain ecosystem. It combines the principles of crowdfunding with decentralized governance, allowing participants to have a say in which projects receive financial support.

Members typically contribute funds in the form of tokens, which grants them voting rights within the organization. This democratic approach encourages transparency and collective decision-making. Projects that align with the community’s interests and values are proposed, debated, and ultimately voted on.

By pooling resources, Backer DAO aims to lower the financial risk for individual investors while empowering the community to support innovative ideas.

This model fosters collaboration and helps identify promising projects that may lack traditional venture capital backing. Overall, Backer DAO is designed to create a more equitable funding landscape, enabling diverse contributors to take part in shaping the future of blockchain innovation.