Re:Crypto enthusiasts want to buy an NBA team, after not pur...
by jurassic on Sunday November 28, 2021 @05:06AM
(#29367699)
The revolutionary bit is you can raise money through a DAO without paying millions to a corrupt investment bank to handle your IPO. No letting the investment bank set the opening price too low so their stable of institutional investors get a reliable "pop", etc. You don't need to spend millions on special consultants to help you prepare regulatory filings. So far, anyway. I'm a major crypto skeptic, but I definitely see the appeal of disposing of these gatekeepers and putting the public back in public markets.
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