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This is the most promising legal innovation I've seen in crypto in a long time, addressing one of the most important questions about DAOs: what are they anyway? In the absence of new laws & regulations, it's creative & sharp lawyers like pushing the space forward.
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1/ After reviewing the great paper by @David_M_Kerr and @milesjennings at @a16z on DAO structuring around unincorporated nonprofit associations, it was necessary to find a less US-centric solution. Today, @dydxfoundation published an additional option: dydx.foundation/blog/en/legal-
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The deal actually was done in the US, since the Nationals is a US based team. So it serves as a good case study in how a Dao might enter into contracts.
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I love CT lawyers arguing with CT lawyers over credit for innovaty lawyer things that only CT lawyers could possibly care about 😆. I get it. We get to “innovate” maybe once in a career. So dual away.
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