Miles Jennings, common counsel at a16z Crypto, known as it a “major breakthrough” that may give the teams “much-needed protections and empower them to keep blockchain networks open,” in keeping with a weblog entry posted Friday. This new recognition as “decentralized unincorporated nonprofit associations” (DUNAs) will assist the blockchain stewards guarantee “that the network remains open, that it does not discriminate and that it does not unfairly extract value,” Jennings contends.
