Cryptobixis launched an investment dao

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Crypto Regulation
DCG and Barry Silbert hit with securities lawsuit 

CryptoBixis 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 CryptoBixis 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 CryptoBixis 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, CryptoBixis DAO will gradually hand over management to the community.

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Anthony Cuthbertson

Anthony is an experienced writer, interested in everything decentralized since 2019. Before joining Crypto.News, he wrote for some of the top DeFi and CeFi outlets, bringing in millions of views and educating readers with his knowledge of the industry.