a16z General Counsel: Wyoming’s DUNA legal structure for DAO will take effect on July 1, 2024

Miles Jennings, the general counsel of a16z, posted on social media that Wyoming's legal structure for decentralized non-profit associations (DUNA) targeting DAOs will take effect on July 1, 2024. Here are 10 benefits of DUNA. Make DAOs DAOs, provide legal existence, protect privacy, limited liability, reduce consumer risk, promote power decentralization, prepare tax strategies, maintain flexibility, and promote bipartisan cooperation.