At least as compared to existing legal entities, DAOs present certain operational efficiencies and are currently used by organizations managing over $500m in assets, suggesting that legal regimes should take steps to accommodate their growth and development. DAOs are able to rapidly pool and deploy capital, often implement low-cost and streamlined... See more

DAOs might be the next evolution of the firm. They have some advantages that will inspire their growth, such as ease of creation and a current lack of regulation. It is likely that DAOs will gain many analogues of the legal structures enjoyed by the C-corp. I imagine banks will offer traditional fiat accounts where access is gated by multi-sig... See more