The UK Law Commission has released a scoping paper addressing the potential legal characterization of Decentralized Autonomous Organizations (DAOs) in the country.

DAOs are blockchain-based communities created for a shared goal, like investing in start-ups or purchasing a historical document like the Constitution. Market observers see these organizations as the future of corporate governance.

Key recommendations

In the July 11 paper, thCommissionon highlighted how current laws might apply to DAOs and suggested several recommendations that would support their innovation in the UK.

The Commission noted no immediate need for a DAO-specific legal entity in England and Wales. This stance arises from the lack of clear parameters defining DAOs’ structure and operations.

The paper’s central thesis lies in the argument that,

“There is no consensus on what a DAO is, how it should be structured, or what a DAO-specific entity could or should look like.”

Commissioner for Commercial and Common Law, Professor Sarah Green, pointed out that DAOs are challenging to define and align with existing legal forms because there is “even disagreement as to what can properly be called a DAO.”

Further, the paper highlighted the potential issues of adapting existing laws to new technologies. It warned that such efforts might hinder innovation rather than support it.

“There is also a risk that in attempting to accommodate a particular technological development, ad hoc and technology-specific legislation will obstruct the very dynamism it is trying to facilitate.”

However, the Commission recommended reviewing the Companies Act 2006 to identify any necessary reforms. This review aims to facilitate the increased use of DAO technology at appropriate governance levels. Similarly, laws governing other business organizations, such as limited liability partnerships, should be reviewed with the same goal.

The Law Commission also suggested further studies to assess the usefulness of non-profit limited liability associations like DAOs for organizations in England and Wales. Notably, a similar law in Wyoming recognizes blockchain-based DAOs as legal entities.

The paper identifies that using code in corporate governance is already possible within UK law, but specific reforms may be required.

“The law of England and Wales already provides a range of options for structuring, which could accommodate increased use of code for governance and other activities (potentially with some targeted law reform.)”

Additionally, the paper urged the government to consider reviewing Anti-Money Laundering regulations. This would determine if distributed ledger technology could achieve the same policy objectives.

While it concluded that a DAO-specific entity is not recommended within UK law, it did state that ensuring that existing legal company structures accommodate new technologies (like DAOs) that achieve the same functional objectives as current formal requirements would be a valuable future project.

Solidifying the nature of what makes a DAO a DAO would likely address many of the concerns raised by the Commission.

Welcome to the June edition of BlockchainGamer.biz’s regular Mavens group. If you’d also like to join the discussion, please contact [email protected]

A lot of hot air has been spent on the subject of DAOs over the years, with little actual adoption. With the recent launch of The Sandbox DAO (and other examples such as ApeDAO) we asked our panel of blockchain gaming experts if this suggest the concept of DAOs is not dead?

Robby Yung – CEO, Animoca Brands

I think DAOs are a true innovation in web3 – not because democratic voting systems were unavailable in other forms, but because DAOs that organise stakeholders who hold tokens are far more efficient and trustworthy, meaning easily deployed at scale for people and institutions across the Internet. However, we must remember that a DAO as a construct is only as good as its membership (a lot like democracy), and so the implementation and management / facilitation of the DAO is key to its success. 

We’re big believers in DAOs because we think they’re part of the path to decentralisation, and I personally really love the way that they can be both inclusive and representative. 

Imagine a big web2 tech platform that was run as a DAO – say, if the Apple App Store had stakeholder voting by all the developers who offer their wares there and they could have a say in the take rate, the running of the store, etc. It would be a very different place. But just like democracy, it’s messy and imperfect, but you can’t let the perfect be the enemy of the good, as they say. 

Rebecca Liao – Co-founder and CEO, Saga

DAOs were entirely misbranded on debut. DAOs are neither truly decentralized nor autonomous, and there is usually only the faint outline of an organization. A DAO is really a community organized around token incentives, which can be highly valuable in communities that have suffered from coordination problems and do not neatly fit the mold of more formal organizations. Gaming guilds are a great example of this, but they only work when there is highly dedicated human leadership involved. 

Automated smart contract triggers were part of the early feature set of DAOs, but what most found was that they were incredibly difficult to implement beyond voting and always led to irreconcilable controversy. In addition, the volatility of tokens means that token incentives and ownership alone cannot define roles and responsibilities in a DAO. 

Lots of lessons learned from the first go around, and I’m optimistic about the next iteration because we’ve become much more clear-eyed about what a DAO is not – a crypto commune – and what it is – community organization for networks that exist almost exclusively online.

Mike Levine – Founder, Mystic Moose

What we’re seeing now is the maturation of the idea of a DAO. Just like the early days of blockchain gaming, the initial hype was filled with potential but often lacked substance. Now, DAOs are starting to find their footing with more structured and meaningful applications.

It’s not just about decentralized decision-making; it’s about creating real value for the community. By allowing players and creators to have a say in the development and direction of the platform, DAOs manage to tap into the collective intelligence and creativity of its user base. This level of engagement and ownership can drive innovation and growth in ways that traditional corporate structures might not be able to.

Last but not least, just like with blockchain games, the key is to make the user experience is seamless and intuitive: if interacting with a DAO feels cumbersome or confusing, it will struggle to gain traction.

Jon Allen – Co-founder, Game7

So many of the past DAO failures have been due to improper application and understanding of the model.

DAOs are inefficient at running a business, building a product, and getting things done. However, DAOs are incredible at getting public input, optimizing for community discourse/contribution, and are well positioned to leverage the fractal nature of growth that web3 has so effectively tapped into to solve large, challenging problems. 

A DAO is an optimal structure if we want the community to own and evolve any aspect of humanity, and it is my belief that the future will be heavily shaped by decentralized communities that band together to strive for a better and more transparent future. To achieve this, communities need to be active. They need to participate in learning, building, and decision-making. 

DAOs continue to evolve, yet DAO tooling, for the most part, remains fragmented and ineffective. In addition, many communities are suffering from a number of challenges because of the standard ‘one token, one vote’ governance model. 

We need tooling that makes it easy for DAOs to measure the contributions of their members and reward them in ways that go beyond money, like granting engaged contributors status, rewards, influence, and power. By tracking, measuring, and rewarding contributions, DAOs could align decision-making capabilities with those who invest the most time and effort into the community. The result would be a meritocratic governance model that distributes power and governing rights to the most productive members of the DAO.  

It’s become clear that if we want to address the specific and urgent challenges our world is facing, we need to pull together as a community, as a species, to do so. 

Although DAOs have come up short when it comes to getting things done quickly, they remain excellent at supporting the critical community-building aspect of the future, and bright-eyed optimists continue to work day in and day out to ensure that, one day, they will change the world.

Christina Macedo – Co-Founder and COO, READYgg

Reflecting on the trajectory of DAOs, it’s clear that the concept has evolved rather than diminished. When it comes to DAOs, four things come to mind: decentralization, community empowerment, and innovation in governance.

At The Sandbox DAO, stakeholders including gamers, developers, and investors directly shape the project’s governance and development. This approach doesn’t just align with community needs — it drives innovation, engagement, and a sense of ownership that’s transformative for both the platform and its users. It shows how community-driven governance can create robust ecosystems that are responsive and adaptable to user needs. Similarly, ApeDAO illustrates the power of DAOs in niche communities, where decentralized decision-making allows members to manage collective assets and drive the project’s direction together. This empowerment gives users a tangible stake in the ecosystem and becomes a model for active, meaningful community interaction. At READYgg, we integrate the principles of community-centric governance into our strategies to ensure our platforms not only resonate with our users but also lead the way in innovative community engagement.

Ultimately, these examples mark a transition to a more mature phase of DAO implementation. We’re moving beyond the initial hype to establish sustainable, community-focused practices. This evolution shows that DAOs are becoming more sophisticated. When aligned with clear use cases and supported by an engaged community, DAOs can facilitate a more inclusive and responsive organizational management and decision-making process.

Sam Barberie – Head of Strategy and Partnerships, Sequence/Horizon Blockchain Games

Early DAOs were such generalist entities that they were basically useless. Most were just vehicles for token speculation and a place to gather a handful of crypto people who were in the DAOs for the sheer zeitgeist of it all. They were like nation states but no one actually lived in the nation the DAO was governing, so decisions and proposals were made in a void; you can’t answer “what do our citizens want?” if you don’t have any citizens who live, love, and work in the same space. That’s how you wind up with random parties, bland collabs, etc. 

Fortunately, in gaming, we’re seeing a renewed effort to think about DAOs not as half-baked republics that throw keggers but as groups of people with common financial and spiritual interests in the growth of a sector, ecosystem, or game. That’s great! 

At the same time, gamers don’t want bureaucracy. They want safeguards—they want to know that governance and voting structures are established in a way that doesn’t let populist insanity take hold—but even more so they want a say in what will lead to more fun (and yes, perhaps more money) for their community, without a long to-do list. What ideally needs to happen, as it is to a degree with the Arbitrum Gaming Catalyst Program and others like it, is for new structures to spring up to enable decisions at speed, but with guardrails. For example, the structure and rules for how to fund games is a big decision, but whether game X gets $50k or $150k doesn’t need a DAO-wide vote. It’s great to see DAOs in gaming start to put a greater focus on content and enabling content with technology, and less on what city will host the next party. I hope it continues. 

Canaan Linder – Founder and CEO, Stardust

Governance is the cornerstone of every company from Fortune 500 companies to open source projects. On blockchain, DAOs have become the de facto decentralised governance method for projects that seek to be owned and operated by the community. While it is extremely transparent, it also comes with incredible amounts of red tape when involving the community in every single decision.

Personally, I believe that elected leaders by a DAO are the way to go, direct democracy as applied to on-chain DAO governance. This takes the best of an efficient company structure with qualified parties directly making decisions while holding them accountable to the broader community through a DAO vote. As Sandbox becomes a DAO and starts to source its community for effective governance to grow its user base and bring it to a sustainable and flourishing game, I do believe it will struggle to establish an effective form of decision-making without elected leaders who the community believes have their best interests at heart.

Quinn Kwon – Head of web3 strategy, Delabs

DAOs are a core concept in the vision of web3 technology, and their idea is unlikely to die out. They are fundamentally important, and many projects will continue to explore and develop them. However, it is true that there has been limited adoption.

This is mainly due to the still-restricted ecosystem. The number of people who can participate in blockchain-based voting is limited, and of those, the number who actually engage is even smaller. For the majority of DAOs to function effectively, mass adoption is necessary.

Nevertheless, DAOs are operational in ecosystems that have grown significantly and amassed a substantial on-chain user base. Examples include large-scale infrastructure projects like Layer1 and Layer2. Delabs, for instance, has recently onboarded the Arbitrum ecosystem, where many decisions are made through DAOs.

Players can directly influence game development, rules, asset management, and funding allocations through voting mechanisms and participation in the DAO. This level of community involvement is unprecedented in traditional gaming, fostering a sense of ownership, engagement, and inclusivity in shaping the gaming experience. DAO governance enables players to build the game they want in a fair and democratic way.

As outlined in our Whitepaper, Delabs Games’ roadmap for DAO governance includes player participation through staking $GAME tokens. These tokens are crucial in determining factors supporting the ecosystem’s sustainability and growth. These factors include community reward allocation schemes, distribution rates among vaults, staking reward rates, asset inventory system (AIS) expansion prices and models, and new project onboarding. $GAME incentivizes and rewards contributors based on their input to the platform.

Russell Bennett – CEO at Metacade

DAOs are a great concept to create a strong level of decentralized governance and connection providing a voice for the community in key decisions. The trouble is that many DAOs, like Sandbox DAO, are pivots from centralized companies to form a community. Due to the centralized nature of the company it brings the question whether it really ever can be a true DAO? Sandbox is a very successful company, it will be interesting to see how successful their phased approach to disentangle Sandbox DAO from The Sandbox will be and how the council formed will guide the process bringing more power to the community?

In a true DAO, no one holds the keys. Successful DAOs exist in the market, but sadly they don’t get the attention or recognition despite working very well. For example, Loot Chain is the most prominent chain of games built autonomously, which is the purest form of a DAO. Every game on Loot Chain is created by players – a bit like a Minecraft or Roblox model – and celebrates pure creation which by definition is what a DAO should be.

The concept of a DAO isn’t dead, but onchain gaming is the perfect platform for DAOs to succeed, in fact music could be another environment for success along with anything that is creative at its core in my opinion. Creativity is a space where more people can have a voice, you don’t need to be an expert to be creative, but you do need expertise in finance to advise on subjects to do with investing for example, which is why many more complex DAOs fail – the community empowered to vote simply doesn’t have the knowledge required for success. For a small niche it is highly successful, but because others are centralized entities with a DAO element it feels more like it’s a play on words at the end of the day.

Sarojini McKenna – CEO, Dacoco

DAOs are far from dead. So long as value is being created on the blockchain the necessity to use a DAO to govern them will remain.

As far as in-game DAOs are concerned things are heating up around the space. At Alien Worlds we are about to launch Tokenized Lore, which is the idea that a DAO governs the canon of our original sci-fi IP. This has huge implications for the media and entertainment space especially as AI tools come online that make it easier to create content and harder to enforce centralized IP.

Welcome to the June edition of BlockchainGamer.biz’s regular Mavens group. If you’d also like to join the discussion, please contact [email protected]

A lot of hot air has been spent on the subject of DAOs over the years, with little actual adoption. With the recent launch of The Sandbox DAO (and other examples such as ApeDAO) we asked our panel of blockchain gaming experts if this suggest the concept of DAOs is not dead?

Robby Yung – CEO, Animoca Brands

I think DAOs are a true innovation in web3 – not because democratic voting systems were unavailable in other forms, but because DAOs that organise stakeholders who hold tokens are far more efficient and trustworthy, meaning easily deployed at scale for people and institutions across the Internet. However, we must remember that a DAO as a construct is only as good as its membership (a lot like democracy), and so the implementation and management / facilitation of the DAO is key to its success. 

We’re big believers in DAOs because we think they’re part of the path to decentralisation, and I personally really love the way that they can be both inclusive and representative. 

Imagine a big web2 tech platform that was run as a DAO – say, if the Apple App Store had stakeholder voting by all the developers who offer their wares there and they could have a say in the take rate, the running of the store, etc. It would be a very different place. But just like democracy, it’s messy and imperfect, but you can’t let the perfect be the enemy of the good, as they say. 

Rebecca Liao – Co-founder and CEO, Saga

DAOs were entirely misbranded on debut. DAOs are neither truly decentralized nor autonomous, and there is usually only the faint outline of an organization. A DAO is really a community organized around token incentives, which can be highly valuable in communities that have suffered from coordination problems and do not neatly fit the mold of more formal organizations. Gaming guilds are a great example of this, but they only work when there is highly dedicated human leadership involved. 

Automated smart contract triggers were part of the early feature set of DAOs, but what most found was that they were incredibly difficult to implement beyond voting and always led to irreconcilable controversy. In addition, the volatility of tokens means that token incentives and ownership alone cannot define roles and responsibilities in a DAO. 

Lots of lessons learned from the first go around, and I’m optimistic about the next iteration because we’ve become much more clear-eyed about what a DAO is not – a crypto commune – and what it is – community organization for networks that exist almost exclusively online.

Mike Levine – Founder, Mystic Moose

What we’re seeing now is the maturation of the idea of a DAO. Just like the early days of blockchain gaming, the initial hype was filled with potential but often lacked substance. Now, DAOs are starting to find their footing with more structured and meaningful applications.

It’s not just about decentralized decision-making; it’s about creating real value for the community. By allowing players and creators to have a say in the development and direction of the platform, DAOs manage to tap into the collective intelligence and creativity of its user base. This level of engagement and ownership can drive innovation and growth in ways that traditional corporate structures might not be able to.

Last but not least, just like with blockchain games, the key is to make the user experience is seamless and intuitive: if interacting with a DAO feels cumbersome or confusing, it will struggle to gain traction.

Jon Allen – Co-founder, Game7

So many of the past DAO failures have been due to improper application and understanding of the model.

DAOs are inefficient at running a business, building a product, and getting things done. However, DAOs are incredible at getting public input, optimizing for community discourse/contribution, and are well positioned to leverage the fractal nature of growth that web3 has so effectively tapped into to solve large, challenging problems. 

A DAO is an optimal structure if we want the community to own and evolve any aspect of humanity, and it is my belief that the future will be heavily shaped by decentralized communities that band together to strive for a better and more transparent future. To achieve this, communities need to be active. They need to participate in learning, building, and decision-making. 

DAOs continue to evolve, yet DAO tooling, for the most part, remains fragmented and ineffective. In addition, many communities are suffering from a number of challenges because of the standard ‘one token, one vote’ governance model. 

We need tooling that makes it easy for DAOs to measure the contributions of their members and reward them in ways that go beyond money, like granting engaged contributors status, rewards, influence, and power. By tracking, measuring, and rewarding contributions, DAOs could align decision-making capabilities with those who invest the most time and effort into the community. The result would be a meritocratic governance model that distributes power and governing rights to the most productive members of the DAO.  

It’s become clear that if we want to address the specific and urgent challenges our world is facing, we need to pull together as a community, as a species, to do so. 

Although DAOs have come up short when it comes to getting things done quickly, they remain excellent at supporting the critical community-building aspect of the future, and bright-eyed optimists continue to work day in and day out to ensure that, one day, they will change the world.

Christina Macedo – Co-Founder and COO, READYgg

Reflecting on the trajectory of DAOs, it’s clear that the concept has evolved rather than diminished. When it comes to DAOs, four things come to mind: decentralization, community empowerment, and innovation in governance.

At The Sandbox DAO, stakeholders including gamers, developers, and investors directly shape the project’s governance and development. This approach doesn’t just align with community needs — it drives innovation, engagement, and a sense of ownership that’s transformative for both the platform and its users. It shows how community-driven governance can create robust ecosystems that are responsive and adaptable to user needs. Similarly, ApeDAO illustrates the power of DAOs in niche communities, where decentralized decision-making allows members to manage collective assets and drive the project’s direction together. This empowerment gives users a tangible stake in the ecosystem and becomes a model for active, meaningful community interaction. At READYgg, we integrate the principles of community-centric governance into our strategies to ensure our platforms not only resonate with our users but also lead the way in innovative community engagement.

Ultimately, these examples mark a transition to a more mature phase of DAO implementation. We’re moving beyond the initial hype to establish sustainable, community-focused practices. This evolution shows that DAOs are becoming more sophisticated. When aligned with clear use cases and supported by an engaged community, DAOs can facilitate a more inclusive and responsive organizational management and decision-making process.

Sam Barberie – Head of Strategy and Partnerships, Sequence/Horizon Blockchain Games

Early DAOs were such generalist entities that they were basically useless. Most were just vehicles for token speculation and a place to gather a handful of crypto people who were in the DAOs for the sheer zeitgeist of it all. They were like nation states but no one actually lived in the nation the DAO was governing, so decisions and proposals were made in a void; you can’t answer “what do our citizens want?” if you don’t have any citizens who live, love, and work in the same space. That’s how you wind up with random parties, bland collabs, etc. 

Fortunately, in gaming, we’re seeing a renewed effort to think about DAOs not as half-baked republics that throw keggers but as groups of people with common financial and spiritual interests in the growth of a sector, ecosystem, or game. That’s great! 

At the same time, gamers don’t want bureaucracy. They want safeguards—they want to know that governance and voting structures are established in a way that doesn’t let populist insanity take hold—but even more so they want a say in what will lead to more fun (and yes, perhaps more money) for their community, without a long to-do list. What ideally needs to happen, as it is to a degree with the Arbitrum Gaming Catalyst Program and others like it, is for new structures to spring up to enable decisions at speed, but with guardrails. For example, the structure and rules for how to fund games is a big decision, but whether game X gets $50k or $150k doesn’t need a DAO-wide vote. It’s great to see DAOs in gaming start to put a greater focus on content and enabling content with technology, and less on what city will host the next party. I hope it continues. 

Canaan Linder – Founder and CEO, Stardust

Governance is the cornerstone of every company from Fortune 500 companies to open source projects. On blockchain, DAOs have become the de facto decentralised governance method for projects that seek to be owned and operated by the community. While it is extremely transparent, it also comes with incredible amounts of red tape when involving the community in every single decision.

Personally, I believe that elected leaders by a DAO are the way to go, direct democracy as applied to on-chain DAO governance. This takes the best of an efficient company structure with qualified parties directly making decisions while holding them accountable to the broader community through a DAO vote. As Sandbox becomes a DAO and starts to source its community for effective governance to grow its user base and bring it to a sustainable and flourishing game, I do believe it will struggle to establish an effective form of decision-making without elected leaders who the community believes have their best interests at heart.

Quinn Kwon – Head of web3 strategy, Delabs

DAOs are a core concept in the vision of web3 technology, and their idea is unlikely to die out. They are fundamentally important, and many projects will continue to explore and develop them. However, it is true that there has been limited adoption.

This is mainly due to the still-restricted ecosystem. The number of people who can participate in blockchain-based voting is limited, and of those, the number who actually engage is even smaller. For the majority of DAOs to function effectively, mass adoption is necessary.

Nevertheless, DAOs are operational in ecosystems that have grown significantly and amassed a substantial on-chain user base. Examples include large-scale infrastructure projects like Layer1 and Layer2. Delabs, for instance, has recently onboarded the Arbitrum ecosystem, where many decisions are made through DAOs.

Players can directly influence game development, rules, asset management, and funding allocations through voting mechanisms and participation in the DAO. This level of community involvement is unprecedented in traditional gaming, fostering a sense of ownership, engagement, and inclusivity in shaping the gaming experience. DAO governance enables players to build the game they want in a fair and democratic way.

As outlined in our Whitepaper, Delabs Games’ roadmap for DAO governance includes player participation through staking $GAME tokens. These tokens are crucial in determining factors supporting the ecosystem’s sustainability and growth. These factors include community reward allocation schemes, distribution rates among vaults, staking reward rates, asset inventory system (AIS) expansion prices and models, and new project onboarding. $GAME incentivizes and rewards contributors based on their input to the platform.

Russell Bennett – CEO at Metacade

DAOs are a great concept to create a strong level of decentralized governance and connection providing a voice for the community in key decisions. The trouble is that many DAOs, like Sandbox DAO, are pivots from centralized companies to form a community. Due to the centralized nature of the company it brings the question whether it really ever can be a true DAO? Sandbox is a very successful company, it will be interesting to see how successful their phased approach to disentangle Sandbox DAO from The Sandbox will be and how the council formed will guide the process bringing more power to the community?

In a true DAO, no one holds the keys. Successful DAOs exist in the market, but sadly they don’t get the attention or recognition despite working very well. For example, Loot Chain is the most prominent chain of games built autonomously, which is the purest form of a DAO. Every game on Loot Chain is created by players – a bit like a Minecraft or Roblox model – and celebrates pure creation which by definition is what a DAO should be.

The concept of a DAO isn’t dead, but onchain gaming is the perfect platform for DAOs to succeed, in fact music could be another environment for success along with anything that is creative at its core in my opinion. Creativity is a space where more people can have a voice, you don’t need to be an expert to be creative, but you do need expertise in finance to advise on subjects to do with investing for example, which is why many more complex DAOs fail – the community empowered to vote simply doesn’t have the knowledge required for success. For a small niche it is highly successful, but because others are centralized entities with a DAO element it feels more like it’s a play on words at the end of the day.

To boost gaming on Ethereum L2 Arbitrum, a majority of quorum ARB token holders have voted in favour of a Gaming Catalyst Program, which is currently worth around $220 million.

Proposed by a group including Treasure DAO co-founder Karel Vuong and voted on via the Arbitrum DAO, the move sees 200 million ARB tokens – 8% of its overall ecosystem fund: currently worth $193 million – allocated to encourage gaming on the blockchain over a three year period.

Vuong commented on the positive outcome on LinkedIn, “This was a Herculean, community-led effort to draft, propose, educate, defend, and drive this endeavour forward within Arbitrum DAO. While DAOs can be messy, this serves as further proof that, with enough coordination, passion, energy, and substance, decentralized governance can and does work.”

Despite its scale, the program is labelled “a catalyst, not a comprehensive program”. Part of the funding will be used to co-invest into studios and games, while other resources will be used to create an organization to grow Arbitrum into “the top choice for game builders”.

Specifically, 160 million ARB tokens will be allocated for “builder onboarding and growth” with 40 million ARB tokens for “infrastructure, tooling and stylus development”.

On top of this, $25 million – an additional 25 million ARB tokens – is required for program administration and operation, including $18 million for salaries, $3 million for legal fees and $2 million for marketing, conferences and travel.

The GCP will be overseen by a five-person council, who will be responsible for holding the operating team accountable to hit its goals of funding 100-200 games, including those migrating to Arbitrum from other L2 blockchains. It also expects to launch more than 50 titles on the Arbitrum Orbit infrastructure via which developers can launch their own L2 or L3s.

The yearly breakdown of KPIs is listed as below.

DappRadar currently lists the top Arbitrum game, Delabs’ Rumble Racing Star, which recently migrated from Polygon as already having 18,000 DAUWs, so the 20,000 target seems somewhat unambitious given the scale of the project.

Yet, if nothing else, the process is a demonstration that an expensive proposal can be debated with a DAO structure and win, in this case with 76% of tokens voting for.

Poseidon DAO, on Monday, 20 March at 7:30 PM (CET) will host a space focused on the legal topic of cryptocurrencies

Guests of this space will be Massimo Simbula, a lawyer active in FinTech and Crypto in Italy, and Swiss lawyer Lars Schlichting, Crypto Lawyer & FinTech and LegalTech Expert Leading in the digitization process of the financial industry.

The background of the two experts is of the highest level, Lars Schlichting has worked at FINMA and at KPMG while Massimo Simbula throughout his practice has assisted the International Monetary Fund, the European Bank to Reconstruction and Development and the European Commission as legal advisor.

Leading experts on cryptocurrency regulation in their respective countries, the two lawyers will discuss a number of highly topical issues with a focus on the NFT world, such as Intellectual property and copyright concerns surrounding NFTs, Tax implications of buying and selling NFTs, Anti-money laundering (AML) and Know Your Customer (KYC) regulations for NFT transactions, International legal issues and jurisdictional challenges related to NFTs and Potential regulatory frameworks for NFTs and digital assets.

 

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Last Monday, Poseidon DAO hosted in its space the duo 1500 LABS, with whom it will officially launch its space on SupeRare on 27 February.

1500 Labs

1500 Labs is a collaboration between Debora Hirsh and Martin Gimenez Larralde, aimed at bringing their art to the NFT world. Debora, the daughter of a Brazilian entrepreneur, worked in the business field, both in the United States and Brazil, before devoting herself to art.

Martin, on the other hand, started out as an artist and from Buenos Aires, his hometown, soon moved to New York where he continued his art career and graduated with a degree in art. Both currently live and work in Milan.

The 1500 LABS project was born recently as a result of the two artists’ curiosity about the new frontier of art: NFTs.

To struck the duo was not only the technology behind the non-fungible tokens, which always provides stimuli and pushes them to explore new tools such as generative art and coding, but also the environment that came to be created around this new form of art.

A healthy, completely disintermediated and interconnected environment aimed at facilitating artists’ market entry and allowing anyone who appreciates art to become a collector.

A completely different environment from the traditional art world, where gallery owners and large institutions rule supreme.

According to 1500 Labs, the NFT world finds its strength precisely in the peculiarity of direct communication, inclusiveness and mutual support among professionals that permeate this sector.

According to the duo, a move closer to traditional art standards shows more pitfalls than benefits.

Art & Process

The art of 1500 LABS is based on transformation that produces an unexpected, harmonious, and sometimes uncomfortable aesthetic.

The creative process always begins with photos taken by the artists themselves of luxury storefronts or objects characteristic of major brands which are then post-produced, combining and deforming the images to convey a message.

Short video-loops are then created and combined with music, also produced by the duo. The combination of antique objects with modern luxury products in order to give the objects a new energy, denaturalizing them, is also not disdained.

Space SR

On 27 February, 1500 LABS will open the space on SuperRare by Poseidon DAO with 5 works that are a perfect synthesis of their artistic journey: animated and music-driven video-loops in which objects from major fashion houses are completely transformed and distorted, to convey the message of perpetual change, which permeates our world.

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Poseidon DAO, on Monday, 20 February at 7 PM CET will host 1500LABS artists in its Twitter space.

1500 LABS

As can be read on the Poseidon DAO blog, “1500 LABS is co-founded by Debora Hirsh and Martin Gimenez Larralde, two distinguished visual artists, each of whom has exhibited individually in museums and art galleries internationally.

They have operated individually, as well as as a team, as editors of a magazine run by artists and performers. They have developed 1500labs specifically to operate in the digital sphere related to NFTs and the metaverse.

Their process is to monitor fashion and luxury items, select items, take photo-videos, post-produce and animate these materials to generate unique NFTs.”

During the AMA there will be an opportunity to meet the two artists who are part of the collective, who will talk about their art, the relationship between traditional art and NFTs, as well as exhibitions and performances.

Not only that, 1500 LABS will be the first artists hosted in Poseidon DAO’s SuperRare space with their piece to be launched on 27 February

 

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.Beginning from 27 February, Poseidon DAO offers its first selection of artists exhibited in its SuperRare Space.

With Space Gallery, Poseidon DAO promotes well-known and established artists in the mainstream art sector within the NFT market. Creating enormous benefits to the entire ecosystem: new synergies and connections between two sides of art that to date are advancing in parallel. Not to mention a chance for greater visibility.

1500Labs, founded by Debora Hirsch and Martin Giménez.  The first artistic reality selected precisely for the launch of Poseidon Dao Space Gallery.

The two visual artists, in addition to exhibiting their works in museums and galleries around the world. Work through 1500Labs in the digital sphere related to NFTs and the metaverse.

Their artistic process is to showcase fashion and luxury objects through a personal point of view. Which can generate unique NFTs that show an almost instantaneous rarefaction process from exclusive objects to enigmatic or symbolic forms. Often emphasize the predatory nature in the world of the consumer goods industry.

Therefore, they strongly believe in Web 3.0 as a symbol of progress, as a decentralized nature of space that creates more freedom for them outside the gallery model.

Poseidon DAO

It is a reality that wants to go beyond the boundaries of the decentralized Web 3.0 as we know it now, its purpose is to help artists and collectors find their space in the metaverse, while at the same time, in collaboration with major Marketplaces and Communities, support and bring to life innovative projects related to Crypto Art, collectibles and gaming upon proposal and approval of DAO members.

This is precisely why it will be an inclusive environment for artists and collectors who will find it mutually beneficial to grow by supporting the DAO, in the same way that Poseidon has invested in Crypto Art so far.

SuperRare Space

These are showcases that curate and promote art and artists, run by different operating teams such as traditional art galleries, artist collectives, or any other organization.

Ultimately, Spaces offer artists promotion and sales coordination, serving as curated and branded primary marketplaces as sovereign Crypto Art galleries that follow the rules and policies outlined in the community guidelines and SuperRare Terms of Service.

Dates:

February 2023 7 PM (CET) – AMA 1500Labs Space Twitter @Poseidon_SF

Linktr.ee Poseidon DAO

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Poseidon DAO is pleased to announce that the 5th artist to participate in the Deploy Collection is Nicola Caredda with the work Everyone at Rolling Loud.

The launch of this fifth work is part of a structured context of mutual support with emerging artists, which so far has featured Yu Cai, Niro Perrone, Orkhan Isayev, Laprisamata, and 4LeafCLover.

Nicola Caredda

Italian artist born in 1981, Nicola Caredda draws inspiration from both De Chirico’s metaphysical painting and Magic Realism to create his works that depict a state of decay typical of big city suburbs or perhaps attributable to an apocalyptic catastrophe.

Everyone at Rolling Loud

Poseidon’s blog reads:

“Everyone at Rolling Loud is a work in which the artist depicts what remains at the end of a collective ritual such as Rolling Loud – the most important Rap and Trap music festival – in which, once the music is over, echoes and sonic vibrations still reverberate in the saturated atmosphere of a desolate and dilapidated place that has become strangely intimate and familiar.”

It will be possible to mint the work on Wednesday 8 February 2023 at 8 PM (UTC) on the Monifold platform.

The minting price is 0.075 ETH per NFT and there are only 250 works available.

Again, everyone who buys the work will receive an airdrop of Poseidon DAO tokens when it is released.

Stay tuned

Furthermore, Poseidon DAO has released version 1.1 of its White Paper and announced that it will release its token by the end of February.

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