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Adapt or die: Venture capital vs. crypto, blockchain, DAOs and Web 3.0

DAOs have existed since 2016, when The DAO organization, a new form of investment vehicle that attracted a sizable portion of Ethereum (ETH) tokens, raised more than $150 million at the time. Many saw The DAO as the ultimate form of human coordination. Yet, due to a reentrancy exploit, hackers stole $50 million of the organization’s funds.

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Source: Cryptocurrency - investing.com

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