# XDAO Protocol Legitimizes 367,000 DAOs on The Open Network
The XDAO protocol, built on The Open Network (TON), has achieved a significant milestone by granting legal status to 367,000 decentralized autonomous organizations (DAOs). This development paves the way for DAOs to operate with greater legitimacy and opens doors to previously inaccessible opportunities, such as opening bank accounts and engaging in legally binding contracts.
## Simplifying DAO Creation and Management
XDAO simplifies the process of creating and managing DAOs, offering a user-friendly platform for a wide range of applications. This ease of use has contributed to the substantial growth in the number of DAOs on the platform. From investment clubs and guilds to charities and decentralized venture funds, DAOs on XDAO are tackling diverse use cases. This demonstrates the growing adoption and versatility of DAO structures for various collaborative endeavors.
## Legal Recognition: A Game Changer for DAOs
The legal recognition granted through XDAO is a crucial step towards mainstream adoption of DAOs. By complying with legal frameworks, these DAOs can interact with traditional financial institutions and participate in legal agreements, significantly expanding their operational capabilities. This newfound legitimacy allows DAOs to operate more like traditional organizations, while retaining the benefits of decentralization.
## The Open Network (TON): A Foundation for Growth
The Open Network (TON) serves as a robust and scalable foundation for XDAO. TON’s infrastructure contributes to the stability and performance of the XDAO protocol, enabling it to handle a large number of DAOs and transactions efficiently. This underlying infrastructure is key to supporting the continued growth and development of the XDAO ecosystem.
## Future Implications for the DAO Landscape
XDAO’s achievement has far-reaching implications for the broader DAO landscape. By demonstrating a viable path towards legal recognition, XDAO sets a precedent for other DAO platforms and contributes to the maturation of the decentralized governance space. This development could accelerate the adoption of DAOs across various industries and further unlock their potential to revolutionize how organizations are structured and managed.
