Proposed Texas DAO Bill

Texas DAO

Bill Overview TX H.B. No 3768 proposes amendments to the Business Organizations Code of Texas to allow for the formation of decentralized unincorporated associations and the use of distributed ledger or blockchain technology for certain business purposes. The bill defines terms such as “digital asset,” “distributed ledger technology,” “smart contract,” and “social purposes.” It also […]

The Intersection of Digital Assets and Securities Laws: Understanding the Mechanics

digital assets and securities law

Securities Act Pursuant to the Securities Act of 1933 (the “Securities Act”), it is illegal to offer or sell securities in the United States unless the offer or sale is: (i) made pursuant to an effective registration statement[1] filed by the issuer with the Securities and Exchange Commission (the “SEC”), or (ii) is exempt under […]

Selecting an Outside General Counsel in Web-3 | What qualities should you look for?

Web3 Outside General Counsel

With the rise of Web-3 technologies, businesses operating in this space require the services of legal professionals who have a deep understanding of the unique challenges and opportunities presented by blockchain and decentralized systems. A Web-3 outside general counsel is an expert in navigating legal issues in this rapidly evolving sector. Here are some key […]

What is a Strategic Investor? Your Complete Guide

strategic investor

A startup or growing business has several choices for sources of capital, including venture capitalists, angel investors, and strategic investors. When seeking investment, it’s essential for business owners to determine their company’s long-term goals before accepting financing from a strategic investor. So, what is a strategic investor? While venture capitalists and angel investors primarily want […]

How Does the Accredited Investor Verification Process Work?

accredited investor

Accredited investors have a special status that allows them to make investments in unregulated securities, such as early-stage businesses and hedge funds. A popular example of an accredited investor that you might have seen in a movie or TV show is an “angel investor” who funds a promising startup. Since investing in securities that aren’t regulated […]

Algorithmically-Managed Wyoming DAO Operating Agreement

Wyoming DAO

Background This sample DAO Operating Agreement outlines the operating structure of a Decentralized Autonomous Organization (DAO) governed by the laws of the state of Wyoming that is algorithmically managed in accordance with the Wyoming Digital Assets Supplement. The agreement covers essential topics, including the organization’s purpose, governance, and financing structure. The agreement defines the DAO’s […]

Understanding Unregistered Securities | 5 Tips to Help You Steer Clear of SEC Enforcement

federal government building with money overlay 80s digital art

“The proliferation of potentially fraudulent schemes comes at a time when the sale of legitimate private securities, which are exempt from having to be registered if they meet certain SEC guidelines, has taken off.” 1 Whether you’re just beginning to dabble in investments or are already established as an accredited investor, it’s important to approach […]

Convertible Note Maturity Date: Everything You Need to Know

convertible note maturity date

A convertible note is a type of business loan that comes with a specific date called the maturity date. When the maturity date arrives, it triggers one of two events. Either the note converts into preferred stock for the investor, or it does not. If the note fails to convert, the original principal and accrued […]

Artificial Intelligence | History & Early Examples


Artificial intelligence (AI) is a field of computer science and engineering that focuses on the creation of intelligent machines that work and learn like humans. Its history can be traced back to the 1950s, when researchers first began to explore the concept of creating machines that could think and reason like humans. Below is an […]