By Shannon Finch, Scott Farrell, Urszula McCormack, Roslyn Hinchliffe and Jack Nelson. King & Wood Mallesons

1. DAOs are business vehicles…

DAOs are a re-imagined form of business vehicle, somewhere between a collective investment structure, a partnership, a venture capital fund, and a crowdsourcing platform. They facilitate economic cooperation on a global scale, allowing anyone with an internet connection to become an owner and manager of a business, and share in its risks and rewards.

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