How Hathaway & Kunz works with DAOs in Wyoming

Though DAOs have become top-of-mind in Wyoming fairly recently, DAO’s (decentralized autonomous organizations) have been around for a number of years. 

Primarily, DAOs exist because of blockchain-enabling technology, but no one in the world has figured out how to create a legal entity around the DAOs—until Wyoming did. 

What is a DAO?

“What we did in Wyoming was figure out how to make it a subtype of LLC, where it’s a member-managed LLC and DAOs can now legally form and be recognized in Wyoming.”

Matt Kaufman, partner at Hathaway & Kunz

How Hathaway & Kunz is working with DAO clients in Wyoming

Nationwide, and particularly in Wyoming, there’s a lot of excitement in the blockchain and digital asset space about DAO’s—but there are still a lot of questions, too.

“Everyone around the country is trying to figure this out, so it’s fun to be on the front lines of it and be a part of setting the standard.”

Tyler Garrett, partner at Hathaway & Kunz

What conversations are happening around DAO?

As Wyoming’s only full-service intellectual property firm, we’re proud to be leading the way in some of our industry’s fastest-growing practice areas, including DAOs. 

Looking into DAOs in Wyoming? Click or give us a call.