More than 300 investors have linked up to fuel crypto accelerator DeFi Alliance’s shift to a decentralized autonomous organization.A crypto-focused startup accelerator is becoming a decentralized autonomous organization focused on web3 projects and initiatives.the transition on Thursday, rebranding to"AllianceDAO" with the backing of several hundred builders from across the crypto and tech spaces.
More than 300 investors have joined the decentralized autonomous organization, or DAO, in its initial round, contributing around $50 million. Some of these include co-founders of Gemini Cameron and Tyler Winklevoss, co-founder of Crypto.com Bobby Bao, co-founder and CEO of OpenSea Devin Finzer. The list also includes hundreds more who’ve built Web1 and Web2’s most notable companies like Greg Sands, a first hire at Netscape.
As for the future arc of the project -- including the release of a dedicated token -- “documentation will be released in the near term to explain how the DAO will operate, what services it will provide, and the governance and economic models that will support it,” said Lund., listing people like social media influencers Jake Paul and Bored Elon.
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