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DAO Working Group

Collaboration with the Blockchain Association

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Goals of the DAO Working Group

  • Bring together credible DAOs under single organization to:
    • (1) better understand legislative and regulatory opportunities and threats and
    • (2) advocate on behalf of common DAO interests.
  • Federal
    • Clarity relating to DAO legal entity structures (see: “A Legal Framework for Decentralized Autonomous Organizations”)
    • Potential threat of Crowdfunding Professional Association (CfPA)
  • State
    • Clarity relating to State laws (e.g. Wyoming DAO Law and Tennessee DAO law)

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Aragon DAO

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Bankless DAO

  • Year Established: 2021
  • Affiliated LLC or foundation: None as of now
  • Statutory Authority: N/A
  • Mission: To help the world go bankless

Bankless is a token-gated community set to enhance awareness to bankless money systems and their adoption, through media, education, grants and onboarding development

  • Primary Funding Mechanism: BANK Tokens
  • DAO Governance: BANK Tokens
  • Bankeless DAO Twitter followers: 49,300
  • Membership: 22,149

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CityDAO

  • Year Established: 2021
  • Affiliated LLC or foundation: CityDAO LLC
  • Statutory Authority: Wyoming DAO law
  • Mission: Put land and related assets on the blockchain
  • Treasury: ~$7 million
  • Primary Funding Mechanism: NFTs
  • DAO Governance: Available through purchase of “Citizen NFT”
  • Membership: ~ 6,500 unique wallets

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Lobby3

  • Year Established: 2022
  • Affiliated LLC or foundation: None as of now
  • Statutory Authority: N/A
  • Mission: To foster the Web3 community via public goods, and represent this community via policy advice.
  • Treasury: ~$350,000 / ~120 ETH
  • Primary Funding Mechanism: NFTs
  • DAO Governance: Lobby3 Membership NFTs, but we plan on abstracting voting power into an ERC20 governance token.
  • Membership: ~800 unique wallets

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Nemus

  • Year Established: 2021/2022
  • Affiliated LLC or foundation: Nemus Foundation
  • Statutory Authority: N/A
  • Mission: Use the power of NFTs and web3 to purchase land in the Amazon and protect it through collective conservation within the Nemus DAO.
  • Treasury: ~300 ETH (and counting)
  • Primary Funding Mechanism: NFTs
  • DAO Governance: TBD
  • Membership: ~3,500

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Cohere

  • Year Established: 2021
  • Affiliated LLC or foundation: Cohere Network LLC
  • Statutory Authority: N/A
  • Mission: Cohere is creating a global network of member-owned regeneration and innovations hubs powered by web3 infrastructure. We are bringing together the cultural creatives of our time to innovation solutions to address the world’s most pressing problems.
  • Treasury: ~50 ETH
  • Primary Funding Mechanism: Crowdfunding (forthcoming NFTs)
  • DAO Governance: TBD
  • Membership: ~600

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Polygon DAO

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Collaboration with the �Blockchain Association

  • We understand the Blockchain Association would not onboard a group of DAOs, but is considering individual membership opportunities for individual DAOs.
  • We would like to explore BA’s thoughts relating to:
    • Individual DAO membership
    • Whether BA could facilitate internal collaboration with DAO members
    • Whether a DAO Working Group operating under the BA could advocate under the auspices of the BA

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