A decentralized autonomous organization (DAO) is a group coordinated through smart contracts rather than a management hierarchy. Members propose and vote on decisions such as spending or protocol upgrades.
A multisig is a crypto wallet that needs approval from several keys before a transaction can go through, such as any three of five signers. It removes the single point of failure of one private key.
Token vesting is a schedule that releases tokens to founders, team members or investors gradually over time rather than all at once. A smart contract usually enforces the schedule.
Web3 is a model of the internet where users hold their own digital assets and identity through blockchain-based applications. Instead of logging into central platforms, people connect wallets to apps built on smart contracts and tokens.
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