Crypto News Today: Ryan Zurrer Leaves Web3 Foundation To Start A New DAO

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Crypto News Today: Ryan Zurrer Leaves Web3 Foundation To Start A New DAO

Today in Crypto – August 6, 2019
Ryan Zurrer is leaving the Web3 Foundation to start a new DAO, the British HMRC tax authority is pressuring cryptocurrency exchanges to reveal customers information, and Cosmos is building three new programing languages.

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Ryan Zurrer is leaving the Web3 Foundation to start a new Decentralized Autonomous Organization. Zurrer most recently helped close the Web3 Foundation’s second token sale for the Polkadot project. 

Zurrer told CoinDesk “With the success of the DOT sale, the success of the Web3 Summit and the Web3 Foundation in a strong position organizationally, it’s an appropriate time to step away. I will migrate and go back to what my primary passion is – deploying capital and helping early-stage teams build new concepts in the space”

A draft of the new DAO’s white paper has been posted on GitHub. Those who join the new DAO will be given DAO tokens and will only be asked to vote under intervals called mandates. The white paper defines a number of principles that will govern its operations, such as clean capital, value creation and security. Participants will be able to enter and leave the DAO freely.

Zurrer said that further announcements about those partnering with him will be made at the Web3 Summit during Berlin Blockchain Week later this month.

Sources: [1] [2] [3] [4] [5]

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