#Stephan Tual

Slock.it Co-Founder: The DAO Will Give Birth To the Companies That Otherwise Wouldn’t Have Existed

May 28, the crowdsale of The DAO, an ambitious project for decentralized trust management on the blockchain of Ethereum, has closed.

Investment in Slock.it’s DAO have exceeded $13.6 million. Ethereum price has gained nearly 25%.

This weekend, Germany-based blockchain company Slock.it has announced it successfully launched DAO via its decentralized trust fund. Current price of the DAO’s 100 tokens 1 ETH. “A DAO, or Decentralized Autonomous Organization, is a digital company with its by-laws set immutably within the Blockchain: its governance is transparent, its finances can be audited by anyone, […]