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Adapt or die: Venture capital vs. crypto, blockchain, DAOs and Web 3.0

Venture capital cannot just stick to its existing structures and processes if it wants to remain relevant in the new Web 3.0 era.
We have seen a steep adoption of crypto-based systems this year, including decentralized finance (DeFi) applications, nonfungible tokens (NFTs) such as digital art, crypto-centric gaming, and increased adoption of cryptocurrencies as investment and payment tools. One of the more recent developments is the emergence of decentralized autonomous organizations (DAOs).DAOs have existed since 2016, when The DAO organization, a new form of investment vehicle that attracted a sizable portion of Ethereum (ETH) tokens, raised more than $150 million at the time. Many saw The DAO as the ultimate form of human coordination. Yet, due to a reentrancy exploit, hackers stole $50 million of the organization’s funds.Despite the initial setback, DAOs have seen a second birth in the past months. This was primarily e

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We współpracy z: https://cointelegraph.com/news/adapt-or-die-venture-capital-vs-crypto-blockchain-daos-and-web-3-0

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