Taking advantage of this trend, let's talk about DAO owning intellectual property—how exactly does it work?

The example of Aave shows that the IP held by a DAO could be websites, domain names, brands, etc. But expanding further, it could be any form of intellectual property—technology, patents, codebases, or even various assets that the DAO can license out.

This involves several real-world issues: How does a DAO manage these assets? How are governance votes decided regarding the use and licensing of IP? What is the process if a third party wants to obtain a license? How are these IPs represented on-chain?

This is not just a technical issue; it also involves legal, economic models, and organizational design. But once clarified, a DAO can operate assets like a traditional company, and even do so more flexibly and transparently.