How DAOs Are Reshaping Investment

decentralized autonomous organization dao gID 2 Zsp4NL

Within 20 minutes of its crowdfunding round going live on token launchpad MISO earlier this week, BitDAO, a decentralized autonomous organization (DAO,) backed by Singapore-based derivatives exchange Bybit, had raised $230 million from 2,497 investors.
By the time the sale ended, the project was richer by $365 million, much of which will be used to invest in decentralized finance (DeFi) and other crypto projects.
Add that to the $230 million raised on BitDAO’s June launch—in a fundraising round led by Peter Thiel, Founders Fund, Pantera Capital and others—and the BitDAO treasury is on course to become one of the largest pools of assets controlled by a DAO.
It’s just the latest example of funds pouring into DAOs, which are quickly becoming the Gen Z investment tool of choice. Over $8 billion is currently held by DAOs according to tracker DeepDAO, and even Moneyweek has declared the 2020s “the decade of the DAO.”
What are investment DAOs?
Traditional funding organizations are o

Czytaj więcej

Źródło: https://decrypt.co/78958/how-daos-are-reshaping-investment

Total
0
Shares
Dodaj komentarz

Podobne Wpisy