Wyoming grants new legal structure to DAO

Miles Jennings, a16z Crypto’s general counsel, called it an “important innovation” that gives the group “much-needed protection and the power to keep blockchain networks open.” Blog entry published on Friday. The new recognition as a “decentralized unincorporated non-profit association” (DUNA) will help blockchain administrators “ensure the network is open, non-discriminatory, and does not extract value unfairly,” Jennings argues.