Bifixscrypto launched an investment dao

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Crypto Regulation
DCG and Barry Silbert hit with securities lawsuit 

BifixsCrypto has launched a decentralized autonomous organization (DAO) to invest in Web3 projects.

Representatives of the firm noted that this is Israel's first investment DAO. "Breaking the traditional venture capital model, we will be issuing a token," the head of BifixsCrypto noted in a conversation with The Block.

He did not specify a timeline for the asset release or details of the tokenomics, but stressed that BifixsCrypto has about $3 billion in assets under management.

The organization intends to involve local startups in Web 3.0, especially those specializing in infrastructure solutions and cybersecurity. The DAO itself will focus on DeFi, NFT, gaming and meta universes.

According to him, BifixsCrypto DAO will gradually hand over management to the community.

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Andrew Griffin

Andrew Griffin is a cryptocurrency journalist with over 3,000 articles under his belt. He is passionate about cryptocurrencies, digital rights, information technology and futurology — the things that he likes to cover the most. Andrew previously reported for Cointelegraph and Benzinga.