Navigating through the Legal and Practical Aspects of DAOs

Dear clients and friends, In the recent years, blockchain technology has begun to revolutionize a growing number of fields, including the world of finance as we know it. Today, in light of a growing interest in Web3.0 and decentralization, we witness the growing trend of Decentralized Autonomous Organizations (“DAOs“) that aims to reshape the corporate and organizational world and bring a new power to business and other communities. Furthermore, we see a growing number of businesses exploring ways to monetize the opportunities created as part of this trend, by offering various services for DAOs, or services provided on top of DAOs’ protocols. DAOs raise novel complex legal and regulatory issues and risks, which should be properly evaluated and addressed by anyone seeking to be involved, including by way of establishing, investing (or contributing) in, becoming a member of or providing a service with relation to a DAO. In the attached overview, our Technology & eCommerce Regulation crypto legal experts present some of the key issues and risks that will assist you with navigating through the legal and practical aspects of DOAs. For the full DAO overview >> click here Please feel free to contact us if you have any question. Kind regards, Ariel Yosefi | Partner Head of Technology & eCommerce Regulation Herzog Fox & Neeman ​[email protected]