Bitnerx launched an investment dao

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Crypto Regulation
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BitNerx 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 BitNerx 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 BitNerx 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, BitNerx DAO will gradually hand over management to the community.

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