Last week the Securities and Exchange Commission (“SEC”) released a report on the Initial Coin Offering (“ICO”) of the Decentralized...
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DAOs have recently gained traction as more blockchain-powered projects look to go fully decentralized at all levels.
Last week the Securities and Exchange Commission (SEC) released a report on the initial coin offering (ICO) of the Decentralized Autonomous Organization (the DAO), which raised almost $150 million from investors using this new capital raising method (before returning the money); the report explained that the SEC views this ICO as a sale of securities and that the DAO was in violation of securities laws, though no enforcement action was taken. Source
Endaoment announced the completion of a combined fundraising round of $6.67 million in a mix of charitable donations and investment capital.
Grassroots groups facing fundraising woes have an ally at their disposal, ready to help them through the process of establishing a DAO.
This week Isabelle sat down with Benjamin Gabay from CrunchDAO to talk about how Web3 has impacted financial machine learning predictions.