Gm Good Contributors! 👋
If you haven't been on vacation, you should know that XRP beat the SEC.
No doubt, Ripple's lawyers have been Good Contributors to the crypto space.
I think it's all part of a plan, but let's discuss conspiracy theories another time…
For today, let's talk about “Legal DAOs”
DAOs Market Brief 📈
DAOs for Lawyers ⚖️
First of all, let's activate our holistic vision.
Money = crypto
Financial system = DeFi
Goods = NFTs
Laws = L1s
Corporations = DAOs
In borderless economies, we will require lawyers embedded in the blockchain and crypto community, well-versed in both technology and legal risks, rather than traditional law firms.
Moreover, with the surge of remote work and digital transformation, many businesses and organizations are transitioning to online operations.
As a result, legal DAOs will flourish.
But what exactly are “legal DAOs”?
A "legal DAO" may refer to a decentralized autonomous organization of legal professionals or individuals with a common goal related to the legal field.
Similar to other DAOs, these organizations can harness Web3 tools and technologies to facilitate decentralized decision-making, collaboration, and governance.
Legal DAOs have the potential to serve various traditional types of organizations:
Law Firms
Corporate Legal Departments
Government Agencies
Public Interest Organizations and Legal Aid Societies
Public Defenders' Offices
International Organizations
Academic Institutions
The big question here is, is decentralization genuinely beneficial for these types of organizations?
Well, considering the focus of this newsletter, you might know my answer.
Join the Movement: Examples of Legal DAOs
I advise you to take a look at these three DAOs, as they are revolutionizing the legal landscape:
(I won't take the time to explain each of them. If you want me to delve deeper into any of the following DAOs, leave a comment, and I'll cover them in future posts.)
If you're unsure how to start contributing to a DAO, read my post “How to become a DAO Contributor.”
Legal Departments
Every DAO, and indeed every crypto project, will require a legal department, much like conventional organizations.
This necessity becomes even more crucial for those projects designed to accommodate numerous members and complex operations.
Take BanklessDAO as an example, a DAO primarily focused on generating educational content; it also boasts a lot of contributors in their legal department, dedicated exclusively to handling legal matters.
Check Bankless DAO Legal Guild.
Find your DAO Lawyer 🔍
As the number of lawyers becoming “Good Contributors” increases, there's a high probability that if you're reading this, you might be interested in engaging a crypto-savvy attorney at some point.
To assist you, here are a couple of directories that will be of great help.
Origami Lawyers Library (DAO Experts)
Blockchain Lawyers Directory (search by country)
These attorney lists can also serve as valuable resources for DAO builders seeking to recruit additional talent.
Read 📚
This week, instead of an article, the esteemed Blockchain Lawyers Group has a compelling book recommendation for you.
You Fall 1000, You Get Up 1001! 💪
A few months back, I excitedly shared my venture with Renoded Media.
However, things haven't panned out as expected. But hey, that's okay.
Having played high-level football, I've learned that no matter the outcome of the weekend game, you must get back to training on Monday.
So starting this week, I'm thrilled to announce that I'll be creating content for Striker3, an addictive football manager-style game!
As a freelancer, I always enjoy contributing to sports-related projects, such as writing for Krause House.
“With my wings, I soar high, and even if the branch broke, I'll still find my way.”