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LexDAO March 2023 Recap and Upcoming Events
Welcome back to another exciting edition of the LexDAO newsletter. March has flown by at light speed, and many things are happening behind the scenes at LexDAO. Keep reading to see what took place this past month and what is waiting just around the bend.
What’s New in LexDAO and LexClinic
ETHDenver has come and gone and the folks at LexDAO want to thank all of our friends and Endaoment, GoodDollar, and the Q blockchain for their collaborative efforts and support. If you would like to learn more about the conversations and announcements that took place during ETHDenver, or if you missed them the first time, more information can be found in our previous post discussing webinars and discussions at ETHDenver here and the announcement of the collaboration between Q and LexDAO’s sister project, KaliDAO, here.
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Legal Engineering Summit 2023 in Próspera
Próspera, InfinitaVC, and LexDAO are co-hosting the Legal Engineering Summit 2023. The Legal Engineering Summit, which will be held in Próspera on the island of Roatan, Honduras from May 9-12, 2023, will provide attendees with an opportunity to collaborate with legal experts from multiple jurisdictions. Legal hackers, crypto lawyers, jurisdictional polymaths, and businesses are invited to attend to further the discussion on how to create better laws for web3-centric businesses to operate under at a time where many jurisdictions are becoming increasingly hostile to the web3 industry. The Legal Engineering Summit will also host a contest for the best blockchain, digital assets, and distributed ledger legal proposals to make Próspera the destination for innovative web3 businesses and builders.
LexClinic Helps with Firm’s First Stock Purchase Agreement for an Internet-Native Company
On March 24, 2023, Firm and Jorge Izquierdo executed the first Stock Purchase Agreement for an internet-native company through Firm’s protocol. The entire process occurred on-chain, end-to-end, in a massive board resolution that approved the sale by the board of directors, transferred funds to company’s treasury, and issued shares to founders subject to a vesting period. And the transaction is legally binding through the company’s Delaware legal wrapper. This work was supported by LexClinic, which helped create the code deference for the project.
Learn more about Firm and this project and join the discussion on Twitter here.
LexDAO’s AI Prompting Work Sessions
It’s undeniable that artificial intelligence has significant, unrealized potential to change the way we live and work every day. And given the growing importance of the technology on myriad aspects of our lives, we at LexDAO are keen to roll up our sleeves and explore the possibilities first hand.
That is why we are excited to announce our AI prompting work sessions! Starting April 20, 2023, LexDAO will be hosting weekly workshops on its Discord for 10 weeks exploring different projects spearheaded by LexDAO’s members which apply artificial intelligence to find solutions to novel questions, achieve a better understand of AI itself, and collaborate with one another across different disciplines.
These workshops will be open to anyone who is interested in participating. Join us here for more information as we get closer to launch, and we look forward to seeing you at the sessions!
LexDAO’s Website is Getting a Makeover
LexDAO is committed to keeping pace with the latest changes in web3 and delivering that information in an easily accessible and understandable form. We are working on a complete overhaul of the LexDAO website to better serve the community with relevant resources and educational materials. More information on the change will be coming over the next few weeks, so join the discussion on Discord for more information and to contribute!
LexClinic Has Applied to Become a Q Root Node
LexClinic has applied to become a Q Root Node operator according to the Q Constitution. LexClinic’s goal is to promote internet-native organizational governance and the legal engineering profession by providing academic, career, and technical assistance to students, legal education to professionals, and resources and aid for the broader web3 community. In furtherance of this mission, LexClinic will only use Q tokens for root node staking and charitable purposes aligned with this goal.
For more information about the Root Node Application, check out LexClinic’s application letter here.
An Open Letter on Illinois House Bill 3479
LexDAO’s study group is drafting an open letter to Governor J.B. Pritzker and members of the Illinois General Assembly regarding House Bill 3479 which seeks to regulate digital assets and blockchain technology. The letter outlines several issues present within the Digital Asset Regulation Act embedded in the bill, including the Act’s overly inclusive definition of “digital asset business activity,” the threat of hundreds of thousands of dollars in fines being imposed on actors for unlicensed business activity (even on Illinois residents), the unprecedented level of power and oversight that the Act would grant to an unelected body, the stifling of innovation caused by the technical impossibility for existing actors in web3 to comply with the Act’s requirements, and other major flaws in the proposed legislation. Several recommendations are also included in the letter proposing solutions to the issues identified in the current draft of the Bill.
If you would like to contribute to the letter or voice your support, join the discussion in the #study-group channel on our Discord server.
Protecting Members’ Information
A member of LexDAO recently sent emails to a select portion of LexDAO’s registry without consulting the majority of LexDAO’s membership and without the explicit authorization of the DAO. LexDAO values and respects its members’ privacy and personal data. We want our members to feel comfortable about how their information is used and we are committed to not abusing the trust that our community places in us by respecting your time, and your inboxes, when reaching out to our community.
We are evaluating our governance process to make it more straightforward and approachable while at the same time bolstering its resilience and efficiency. Additional information about this incident is available upon request, in our Discord, and in vote history on Snapshot. We welcome and encourage any feedback you have about recent events, the governance process, and the use and protection of your personal information.
LexDAO is always looking for new members! If you are interested in the work we are doing:
Check out our Discord and ask some questions (feel free to DM our Assistant Operator @Cimply#3820 with any onboarding questions).
Join our bi-monthly governance calls on Wednesdays at 12pm EST (in Discord)!
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