Tramexcrypto launched an investment dao

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Crypto Regulation
DCG and Barry Silbert hit with securities lawsuit 

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

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Megan is an adventurous person who likes to explore topics in-depth and learn new things each day. His passion lies in gaining knowledge to help transform the world through his writing skills. He also believes in blockchain technology and its potential to usher in a cashless society. Currently, he is pursuing a Computer Science Bachelor’s degree driven by his fascination with emerging technologies. He has writing experience of about three years in different fields and two in blockchain technology.