Base

1/ WORLD FIRST! 
A New Jurisdiction: OtoCo goes live with its UNA/DUNA in Wyoming - fully onchain!

A legal test tube perfect for projects starting small but aiming to grow into a legally-recognized DAO!

Thanks to @a16zcrypto, @milesjennings, & David Kerr for spearheading this!

Trying to solve more problems than I cause @a16zcrypto

https://linktr.ee/milesjennings

We back bold entrepreneurs building the next internet. 
a16zcrypto.com/

Building OtoCo.io | Developer | Problem solving enthusiast | Holder of BAYC, MAYC | SF 🌁

2/ Why it’s needed:
DUNAs offer the only U.S. legal structure that combines DAO recognition, member protection, and decentralized governance.

Operating without legal status exposes DAOs to partnership liability risks, as demonstrated by the Ooki DAO case.

3/ OtoCo’s protocol legally engineered an onchain UNA that automatically coverts into a DUNA.

Here’s how it works:

1️⃣DAOs with 2+ members sign to create an UNA.

2️⃣OtoCo tracks the DAO's governance token.

3️⃣Once > 100 members, the UNA automatically converts into a DUNA.

4/  Create your onchain UNA/DUNA today on 
@base using OtoCo

@carrawu @danboneh @0xkarmacoma @daejunpark @DarenMatsuoka @eddylazzarin @skominers @SamBroner Countries explore putting government bonds onchain

@BrianQuintenz https://t.co/H0xOu6EbpR

@carrawu @danboneh @0xkarmacoma @daejunpark @DarenMatsuoka @eddylazzarin @skominers @SamBroner @BrianQuintenz We’ll see greater adoption of the ‘DUNA’, a new industry standard for blockchain networks in the U.S.

@milesjennings https://t.co/hOq2KEhp7Z

a16z crypto

4/  Create your onchain UNA/DUNA today on 
@base using OtoCo
https://x.com/a16zcrypto/status/1864347786960941453

This is awesome. Putting the A in DAO. Way to go @chait !!