> For the complete documentation index, see [llms.txt](https://ponder.gitbook.io/ponder/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://ponder.gitbook.io/ponder/foundations-of-web3/investment-daos.md).

# Investment DAOs

DAO stands for Decentralized Autonomous Organization. A DAO is a type of organisation that is run using blockchain technology and smart contracts, allowing it to operate autonomously and without the need for a central authority. Investment DAOs are a specific type of DAO that is focused on investing, typically in blockchain-based projects or other forms of cryptocurrency. Investment DAOs are often open-source and decentralised, allowing anyone to participate and potentially earn a return on their investment. However, it is important to note that investing in a DAO carries significant risks, as with any other form of investment, and it is important to carefully research and evaluate any potential investment before committing funds.