-
What are DAOs? Here’s what to know about the ‘next big trend’ in crypto
Over the summer, a group of “crypto fans” pooled their money in order to collectively make a seven-figure investment: The group secretly bought the sole existing copy of the album “Once Upon a Time in Shaolin” by the Wu-Tang Clan for a whopping $4 million. But it wasn’t until Wednesday that the group, an organization known as PleasrDAO, came forward as the buyer. The announcement was a pleasant surprise for the crypto community, earning headlines in mainstream media outlets. PleasrDAO isn’t new to the world of rare collectibles, and already had a portfolio full of multimillion-dollar assets. In June, it ... (full story)
