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DAO
Decentralized Identity Startup Spruce Raises $7.5M
Ethereal Ventures and Electric Capital led the round, with Alameda Research, Coinbase Ventures and Protocol Labs joining in.

After ‘Stealing’ $16M, This Teen Hacker Seems Intent on Testing ‘Code Is Law’ in the Courts
Will DeFi’s unofficial ethos hold up in court? A Canadian math prodigy could be betting his future on just that.

Dapper Labs Acquires Influencer Platform Brud, Launches Unit Focusing on DAOs
The new Dapper Collective division will be run by Brud’s CEO, Trevor McFedries.

Aave Proposal Enlists Fireblocks to Aid DeFi Protocol’s Mainstream Finance Push
In a governance proposal, Fireblocks is aiming to become the first Aave Arc whitelister – an initial step that could lead to new frontiers in “institutional DeFi.”

A16z, Ohanian, Snoop Dogg Back DAO-Builder Syndicate in $20M Series A
Following a small-but-mighty round earlier this year, Syndicate now has an investor roster of over 150.

A16z Details Its New Approach to Crypto Governance
Perhaps the most powerful force in decentralized finance (DeFi) governance, venture capital (VC) giant Andreessen Horowitz (a16z), said it would “open source” its DeFi delegation procedures. The move comes after a pair of controversial votes in Uniswap’s DAO governance system.

Market Wrap: Bitcoin in Pullback Mode as Regulatory Concerns Rise
Bitcoin is declining as regulatory concerns rise; ether is holding support.

Voorhees Applauds Crypto's Hyper-Capitalism as ShapeShift Goes 'Gray'
Founder Erik Voorhees said on CoinDesk TV today he's converting his exchange into a DAO in part due to "regulatory friction."

Australian Lawyers Propose Creation of a DAO Legal Entity: Report
Such a move give legal standing to blockchain-based organizations, enabling DAOs to contract with other legal persons.
