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

Hey all - I want to close the loop that this has now successfully closed! :partying_face: 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.

5 Likes