The DAO was a digital decentralized autonomous organization and a form of investor-directed venture capital fund. After launching in April 2016 via a token sale, it became one of the largest crowdfunding campaigns in history, but it ceased activity after much of its funds were taken in a hack in June 2016.
Christoph Jentzsch at the Festival of the Future (Festival der Zukunft) from 1E9 and Deutsches Museum (Munich, Germany on July 22nd 2022)
Crowdfunding is the practice of funding a project or venture by raising money from a large number of people, typically via the internet. Crowdfunding is a form of crowdsourcing and alternative finance. In 2015, over US$34 billion was raised worldwide by crowdfunding.
A printed receipt 135 × 97 mm issued between 1850 and 1857 to support French philosopher Auguste Comte[unreliable source?]