There are those who want their economic life to exist entirely on-chain - a brave new(ish) world of smart contracts, wallets, and free capital flows, one that circumvents the corrupt hierarchies of the old order. It's an intriguing thought, but one sadly unlikely to interest your landlord,
Tokens are the lifeblood of web3. They are the basis of exchange, incentivisation, and speculation. Issuing a token helps projects raise capital; owning a token may variously give a token-holder the ability to accumulate value, trade, and vote. Binding a token to a real-world asset enables new forms of value
Some web3 founders care little for tax. Anarcho-libertarians and cyberpunks, they view the state and all its ways as a many-headed hydra, a leviathan to be countered, resisted, and undermined. The less ideologically inspired, meanwhile, may simply view tax with the hearty distaste of the apolitical businessman. Be that as
For many founders, the first priority is building - shipping code, building your community, and making the product work. Legal and corporate structuring can feel like something of an afterthought. The web3 world adds its own particular dynamic to this: because teams, customers, and markets are likely to be so
Switzerland is curiously underrated as a DAO jurisdiction. Despite deep pools of legal and financial expertise, a flourishing native-grown web3 industry, and strong local desires to play an important role in the web3 space, Switzerland has fallen behind as a place through which to wrap and manage DAOs. Across the
The Cayman Islands Foundation solves some of the more knotty problems associated with DAOs. Ushered into being through the Cayman Islands Foundation Companies Act 2017, these entities merge elements of traditional corporate law with civil law thinking around foundations. Originally designed with the needs of wealthy private clients in mind,
DAOs and traditional legal systems DAOs - decentralised autonomos organisations - are a crucial part of the web3 ecosystem. By operating as a DAO, blockchain-native organisations can operate in ways that lie beyond the possibilities of traditional corporate entities, opening up new possibilities of decentralized governance, control, ownership, and operational