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Hiring Blogroll A Primer on DAOs Posted by Gail Weinstein · Steven Lofchie · and Jason Schwartz · Fried · Frank · Harris · Shriver & Jacobson LLP · on Saturday · September 17 · 2022 Comments Off on A Primer on DAOs Print E-Mail Tweet Blockchain · Corporate forms · Crowdfunding · Cryptocurrency · DAOs · Financial technology · Howey test · LLCs · OFAC More from: Amir Ghavi · Ashar Qureshi · Gail Weinstein
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2020, alongside surging interest in cryptocurrencies, NFTs, and “decentralized finance” (DeFi). [1] In 2021, the total value of crypto funds held in DAO treasuries reportedly surged from $400 million to $16 billion, and the number of holders of interests in DAOs rose from just 13,000 to 1.6 million. According to SnapShot Labs (a voting platform for DAOs that also provides analytic data), the number of DAOs increased from about 700 in May 2021 to about 6,000 as of June 2022. Notably, since 2021:
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