Wyoming Creates New Nonprofit Status for DAOs, A16z to Encourage Associated Groups to Register
• Wyoming extends legal framework for DAOs, establishing new nonprofit status • A16z will encourage associated DAOs to set up in Wyoming under new structure • DAOs can now secure themselves as unincorporated nonprofit associations in Wyoming • A16z says new status will empower DAOs and help them remain open and avoid discrimination • A16z to limit future DAO investments to those pursuing this Wyoming nonprofit legal path