added by Kassen Qian · updated 2y ago
The Best Legal Frameworks for DAOs from around the world
- Perhaps the greatest threat to DAOs today is uncertainty. Without clear legal status, DAOs cannot take advantage of the same protections as corporations, such as legal personhood, limited liability and simplified tax arrangements.
from Decentralized Autonomous Organizations: Beyond the Hype by World Economic Forum
dane cads added
- 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
from The Rise of Decentralized Autonomous Organizations: Opportunities and Challenges · Stanford Journal of Blockchain Law & Policy by Aaron Wright
Alphatu added
- 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 smar... See more
from DAOs are interesting, likely, and terrifying by Jason Barrett Prado
sari added
- However, while there is some interest in recognizing DAOs as new legal entities, these are still early days, so most DAOs operate under general partnership rules that may burden DAO members with any debts or liability faced by the DAO.
from The ABCs of DAOs by Theodor Marcu
sari added
- The shape of this future is rapidly coming into focus and centers around an organization referred to by technologists as “decentralized autonomous organizations,” or DAOs. These DAOs operate with different assumptions than many of today’s traditional legal entities and other business associations. DAOs are not run by boards or managers, but rather ... See more
from The Rise of Decentralized Autonomous Organizations: Opportunities and Challenges · Stanford Journal of Blockchain Law & Policy by Aaron Wright
Alphatu added
- Collector DAOs which acquire NFTs;Social DAOs that convene web3 communities;Collective/Cooperative DAOs in which groups of artists and engineers deliver services to other DAOs; andCharitable DAOs that promote good causes and public goods development.The variety within these different types of DAOs is demonstrative of communities coming together acr... See more
from How to pick a DAO legal entity - a16z crypto by Miles Jennings
Alphatu added
The Rise of Decentralized Autonomous Organizations: Opportunities and Challenges · Stanford Journal of Blockchain Law & Policy
by Aaron Wright
5 highlights
Alphatu and added
- When DAOs are needed The growth of DAOs in general and the massive success of some of the most innovative ones inevitably result in the perception that the route to growth and robust network participation requires a DAO structure. In times of ebullience, market forces make it easy to assume that every organization, community, or project needs a DAO... See more
from Building and Running a DAO: Why Governance Matters - a16z crypto by Tarun Chitra
Mo Shafieeha added