Paul Bohm
@bohm
A concept I've been exploring while building Teleport are "Adapter Companies": Legal entities that bridge between Web3 and the trad legal/financial world.
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Paul Bohm
@bohm
The first Adapter Companies were probably Bitcoin Miners. While Bitcoin Miners create a decentralized network, the law sees them as LLCs or sole proprietorships, and they use trad-fi to pay for energy and taxes.
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Paul Bohm
@bohm
Now if you created an LLC owning a house, and had a NFT that gives you control over the LLC: You guess right: Adapter Company.
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Paul Bohm
@bohm
And if you had an open-source client that interfaces with a crypto network and payments, but wants to be in the app store and accept credit cards: Adapter Company.
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