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OpenLaw Launches First ‘Legal DAO’ For Distributed VC Investments

Ramsey Baker

Summary: OpenLaw, a decentralized autonomous organization (DAO) on Ethereum, claims to have launched the first "Legal DAO" for Distributed VC Investments. OpenLaw’s LAO, or “Limited Liability Autonomous Organization,” opened Tuesday for investors wanting to compliantly gain returns on the next wave of Ethereum-based projects. By forming a distributed group of investors, which was initially capped at ...

OpenLaw, a decentralized autonomous organization (DAO) on Ethereum, claims to have launched the first "Legal DAO" for Distributed VC Investments.

OpenLaw’s LAO, or “Limited Liability Autonomous Organization,” opened Tuesday for investors wanting to compliantly gain returns on the next wave of Ethereum-based projects.

By forming a distributed group of investors, which was initially capped at 100, the LAO looks to legitimize new forms of venture capital investment.

By Ramsey Baker

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