[Discussion] Addressing immediate gaps in DAO governance

[mars]

@jengajojo

Legal

[Proposal] The Gitcoin Foundation - A proposal to represent the Gitcoin DAO IRL by a Cayman Islands Foundation - #35 by kyle

That was July 2022:

@kyle

Hey all - I want to close the loop that this has now successfully closed! This means, the DAO now formally owns a vast number of gitcoin assets, and we are continuing to unplug from Gitcoin Holdings (whom is now rebranding as the Web3 Events company).

There are no immediate impacts for the DAO, but now that assets, the brand name, and other items are transferred, it means we can start to formalize the relationship between the DAO contributors and the newly created operating company within the foundation.

Thank you all so much for the support and enabling the DAO to move forward. This is a huge step for us, and for other DAOs who are looking to us for guidance on how to navigate the real world legal entity status for DAOs.

I’m genuinely curious what is the current legal status of Gitcoin / DAO / various related entities?

Related resource: https://ecosystem.gitcoin.co/ (so many members of the ecosystem)

Asking because if there is some existing legal structure IRL it means law / rules / compliance / regulation / accounting / annual reports / etc… And not everything that is on-chain is compatible with IRL.