{"id":13859,"date":"2018-07-13T00:00:00","date_gmt":"2018-07-12T16:00:00","guid":{"rendered":"https:\/\/www2019.dash.org\/2018\/07\/13\/dash-ceo-hints-at-decentralized-investment-fund\/"},"modified":"2021-09-18T11:37:01","modified_gmt":"2021-09-18T11:37:01","slug":"hint","status":"publish","type":"post","link":"https:\/\/www.dash.org\/news\/hint\/","title":{"rendered":"Dash CEO Hints At Decentralized Investment Fund"},"content":{"rendered":"<p>There have been big leaps in blockchain governance: we\u2019ve got decentralized\u00a0<a href=\"https:\/\/cryptobriefing.com\/dao-projects-risk-digix\/\">organizations<\/a>, smart contract voting, and even a decentralized\u00a0<a href=\"https:\/\/cryptobriefing.com\/blockchain-state-decenturion-first-congress\/\">state<\/a>. Now, one cryptocurrency is trying to expand governance options by launching a decentralized venture capital fund. If successful, Dash Ventures will be the first investment fund virtually owned and operated by a DAO.<\/p>\n<p>The project was described by Dash Core CEO Ryan Taylor this year, but the story was buried in the avalanche of bad market news. In his Q1\u00a0<a href=\"https:\/\/www.youtube.com\/watch?time_continue=4238&amp;v=5IYyXnk4hZQ\">Earnings Call<\/a>, Mr. Taylor announced \u201ca wholly separate entity through which the network can make investments in equity, assets, debt or other investment vehicles with the capability to distribute gains back to the\u00a0<a href=\"https:\/\/cryptobriefing.com\/what-are-masternodes-cryptocurrency\/\">Masternodes<\/a>\u00a0and strengthen our network.\u201d<\/p>\n<p><a href=\"https:\/\/dash.org\/\">Dash Core Group<\/a>, the legal face of the cryptocurrency\u2019s development team, claims to be the first entity that is\u00a0<a href=\"https:\/\/www.dashforcenews.com\/dash-core-group-becomes-first-legally-dao-owned-entity\/\">legally owned<\/a>\u00a0by a DAO.<\/p>\n<p>Masternodes jointly control a treasury funded by 10% of the network\u2019s mining rewards. Until now, most of the treasury disbursements have consisted of one-time\u00a0<a href=\"https:\/\/cryptobriefing.com\/dash-science-research-blockchain\/\">grants<\/a>\u00a0and donations to companies that promise to improve distribution or promotion. A venture fund offers the possibility of collecting dividends.<\/p>\n<p>The idea was revisited in an AMA last week. \u201cRight now the Dash protocol only allows for gifts,\u201d\u00a0\u00a0Mr. Taylor explained on an episode of the\u00a0<a href=\"https:\/\/www.youtube.com\/watch?v=aA3ioANXsfw&amp;t=123s\"><em>Three Amigas<\/em><\/a>\u00a0podcast.\u00a0\u00a0\u201dWhat it doesn\u2019t work so well for is very high risk ventures\u2026In the real world, people take something in return.\u201d For the first time, he said,\u00a0a\u00a0new legal entity would make it possible for the DAO to make loans or own equity in the projects it funds.<\/p>\n<p>It would also have the additional benefit of giving crypto an answer to the Rat Poison and Baby Brains crowd:\u00a0\u00a0\u201dIt does away with the argument that it\u2019s not backed by anything.\u201d<\/p>\n<h4 id=\"legal-storms-ahead\">Legal Storms Ahead?<\/h4>\n<p>But raising a few million dollars for a virtual investment fund is probably the\u00a0<em>easy\u00a0<\/em>part. If you thought\u00a0<a href=\"https:\/\/cryptobriefing.com\/xrp-is-not-ripple-sec\/\">Ripple<\/a>\u00a0was getting a hard time from the\u00a0<a href=\"https:\/\/cryptobriefing.com\/xrp-is-not-ripple-sec\/\">SEC<\/a>, imagine the legal hurdles in setting up a company whose owners are international\u2014and anonymous.<\/p>\n<p>\u2026\u2026\u2026\u2026.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There have been big leaps in blockchain governance: we\u2019ve got decentralized\u00a0<a href=\"https:\/\/cryptobriefing.com\/dao-projects-risk-digix\/\">organizations<\/a>, smart contract voting, and even a decentralized\u00a0<a href=\"https:\/\/cryptobriefing.com\/blockchain-state-decenturion-first-congress\/\">state<\/a>. Now, one cryptocurrency is trying to expand governance options by launching a decentralized venture capital fund. If successful, Dash Ventures will be the first investment fund virtually owned and operated by a DAO.\u00a0<\/p>\r\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[216],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dash CEO Hints At Decentralized Investment Fund - Dash<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.dash.org\/news\/hint\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dash CEO Hints At Decentralized Investment Fund - Dash\" \/>\n<meta property=\"og:description\" content=\"There have been big leaps in blockchain governance: we\u2019ve got decentralized\u00a0organizations, smart contract voting, and even a decentralized\u00a0state. 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