Joxibit launched an investment dao

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

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Adam Smith

Adam Mary is a crypto enthusiast and a graduate of The University of Nairobi in economics. Adam’s passion brings her back to her elementary school years as a poet. She enjoys discussing blockchain technology and is committed to producing original content. Adam also covers other rapidly developing markets and economic and cryptocurrency studies.