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Wyoming Takes The Lead With Decentralized Autonomous Organizations - Corporate/Commercial Law

Decentraland Users Will Have More Power With New DAO

Decentraland Users Will Have More Power With New DAO Decentraland (MANA) came into the spotlight when digital asset manager Grayscale included it in its array of products for institutional investment over 3 months ago. The Ethereum-based protocol allows users to trade with digital land and build dApps on top of “digital parcels”. Now, it has taken a step towards complete decentralization. Thus, they will be able to issue grants, changed the list of banned names, and the community will control the smart contracts that comprised the protocol, MANA, and LAND via predefined proposals. Users can vote by visiting the DAO’s website.

Jigstack s STAK Gets Listed on HitBTC

Wyoming SF0038: Governance Issues for Decentralized Autonomous Organizations

Tuesday, May 25, 2021 It is called the Cowboy state for a reason. With varied terrain and a hearty population Wyoming has long been a haven for independent thinkers and doers –  pioneers.  The Wyoming legislature recently underscored that truth with the first state law addressing governance issues for decentralized autonomous organizations or “DAO(s).”  We are not talking self-driving vehicles here.  Those will not work on Teton mountain road switch backs.  This is all about future vision of decentralized digital finance.  A new gold rush for the west for those states who embrace it and Wyoming is doing just that.  This March it passed senate bill SF0038 which provides for additional protections similar to those offered to members of limited liability companies for members of a DAO.[1]

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