Syndicate protocol helps create 450 new DAOs in just three weeks
The milestone in Syndicate’s journey may indicate that DAO governance structure will become more common in blockchain and beyond. Blockchain-based investing protocol Syndicate claims that 10% of all decentralized autonomous organizations (DAO) in existence have been created on its platform in less than three weeks of operation.Syndicate is a DAO creation platform that has landed investments from A13Z and Coinbase Ventures, among others. The team revealed the development in a Feb. 15 tweet.As of this morning, 10% of *all* DAOs have now been created on @SyndicateDAO. In less than 3 weeks And....
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Syndicate’s vision for decentralized autonomous organizations was one of the biggest selling points for Andreessen Horowitz. California-based venture fund Andreessen Horowitz announced Tuesday that it is leading a Series A investment round for Syndicate, a decentralized platform with the lofty vision of democratizing investing by allowing users to create decentralized autonomous organizations, or DAOs. Ali Yahya, one of Andreessen’s general partners, said that the company was attracted to Syndicate’s vision of DAOs being at the center of economic coordination between people. DAOs, which....
DAO: Decentralized. Autonomous. Organization.The whole phrase is a misnomer. Theyre not decentralized, not autonomous and they are not organizations, Monsterplay blockchain consultancy founder David Freuden tells Magazine.Freuden co-authored a 51-page report on DAOs in May 2020 in an attempt to help realize their potential.We need DAOs, he explains. The idea of shareholder first is only a 1980s/1990s concept. Companies became about profits, not products.He foresaw big things for DAOs and much has changed nearly two years later. By the end of 2021, DAOs had more than 1.6 million....
In the latest sign that investors remain bullish on bitcoin, a digital currency-focused AngelList investment syndicate has topped more than $1m in backing from its pool of investors. The syndicate, led by Bitcoin Foundation board member and bitcoin investor Brock Pierce, is now the eighth most popular syndicate on the platform by total investor backing. The syndicate entered the top 10 in February, and also includes other big-name investors in the bitcoin space such as SilkRoad Equity co-founder Matthew Roszak and 500 Startups partner Sean Percival. Speaking to CoinDesk, Pierce said that....
California-based incubator 500 Startups is launching an investor syndicate that will focus on bitcoin and financial technologies. The goal is to find more investors interested in putting money into the space, the company said. Dave McClure, founding partner of 500 Startups, recently told the Silicon Valley Business Journal that this is the organisation's third syndicate for accredited investors: "We are just getting ready to roll out our third syndicate, which will be focused around financial services and bitcoin." New funding avenues. The investor syndicate concept is a popular one on....
SecondMarket and Bitcoin Investment Trust CEO Barry Silbert has released some decently interesting information this Saturday afternoon relating to Friday's bitcoin auction held by the United States Marshals Service. To be clear, the results were not that of the auction itself, but the syndicate that Silbert formed shortly after the USMS announced the auction a couple of weeks ago. According to Silbert, there were 42 bidders involved in the syndicate, with 186 bids received and a bitcoin quantity bid of 48,013. Results of our US Marshals bitcoin syndicate: Bidders - 42 Bids received - 186....