Leaderless, Blockchain-Based Venture Capital Fund Raises $100 Million, And Counting

Resource / Leaderless, Blockchain-Based Venture Capital Fund Raises $100 Million, And Counting

By Callum Watts / 20 May 2016

The DAO is touted as a new form of decentralized financial organization.

A new entity called The DAO, created using the Bitcoin-inspired financial platform Ethereum, has collected more than $100 million worth of cryptocurrency since late April, and will use the funds to support projects in the sharing economy. The DAO is being touted as a model for a new kind of organization, created and run using blockchain software rather than conventional corporate structures.

What might the implications of this be? What related resources have you seen?

Please register or log in to comment.

Suggested