Can a Decentralized Autonomous Organization (DAO) Operate with a Fully Anonymous Core Team?

Yes, a DAO can technically operate with a fully anonymous core team, especially after the initial development phase, as governance and decision-making are theoretically handed over to the token holders. However, in practice, a completely anonymous team presents significant challenges in the early stages, particularly regarding accountability for bugs, security breaches, or regulatory issues.

The project's long-term success then heavily relies on the strength of the smart contracts, the code's immutability, and the active participation of the decentralized community. Full anonymity is a higher risk profile.