a16z shines the spotlight on DAOs by leading Syndicate’s Series A
Cointelegraph
Published Aug 31, 2021 11:27AM ET
Updated Aug 31, 2021 01:00PM ET
California-based venture fund Andreessen Horowitz announced Tuesday that it is leading a Series A investment round for Syndicate, a decentralized platform with the lofty vision of democratizing investing by allowing users to create decentralized autonomous organizations, or DAOs.
Ali Yahya, one of Andreessen’s general partners, said that the company was attracted to Syndicate’s vision of DAOs being at the center of economic coordination between people. DAOs, which are internet-native organizations that are collectively owned and managed by community members, have the potential to replace the archaic legacy systems currently in use.
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Written By: Cointelegraph
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