In the context of crypto, what is a DAO?
DAO = Decentralized Autonomous Organization.
Which is a bullshit term because anyone can argue that companies and governments are also "decentralized" and "autonomous" in the sense they are corporeal. That is, made up of several stakeholders.
But if that entity has decision-making power over a social network, that is not decentralization. That's centralization.
This is why so many crypto "social networks" are not actually decentralized.
Now let's compare crypto "decentralized" social networks with the Fediverse.
Which central entity controls the Fediverse?
Nobody.
Sure, the @w3c validates a spec, but that's nothing more than a recommendation of a standard.
Yeah, @Gargron runs the Mastodon non-profit, but that's just one very popular app.
Further, you neither have to use ActivityPub nor Mastodon to participate on the Fediverse.
No central authority governs the Fediverse.