A top crypto accelerator is DAOifying itself after a $50 million investment from 300 contributors. Meet alliancedao. realDannyNelson reports
, will retain its ancestor’s billion-user vision for crypto. Getting there required remodeling itself in the form of a founders-focused DAO, said Khan, a crypto VC veteran.
“In order for these founders to build” the types of products that will moonshot crypto, “they need help from Web1 founders and Web 2 founders,” he said. A smattering of all three comprise Alliance’s 300 initial contributors, he said.A DAO of founders by founders, and for founders, plans to issue a coin of the realm, according to Khan. He said a liquid token could start trading in “six to 12 months” pending the regulatory scene.
That essentially limits membership in the DAO to a class of approved founders, but keeping things exclusive to the builders is kinda the point. “Our DAO is ultimately a founders DAO for the best founders in the world that are building for Web 3,” Khan said.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
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