One of the most promising applications of Ethereum is the decentralized (autonomous) organization, also known as a DAO. In 2016, the Ethereum community saw the first great experiment with DAOs with the launch of "The DAO." The DAO raised over $150 million dollars, but it ultimately failed due to legal and technical challenges.
The LAO was organized in the spirit of The DAO, as a member-directed venture capital fund organized in the United States, with an aim to be compliant with U.S. law. Like The DAO, The LAO allows Members to pool capital, invest in projects, and share in any proceeds from the investment.
The LAO is organized as a legal entity (a Delaware limited liability company) primarily administered via an online application (a "DApp") and related smart contracts.
Launched in late April 2020, the LAO has backed over 30 projects across the Ethereum and blockchain ecosystem. Unless modified by the members, funding will be provided to projects in the form of the cryptocurrency Ether under terms outlined in these FAQs.
More details about The LAO's legal structure, operation, and funding process are outlined in these FAQs. Please read them carefully before becoming a member of The LAO or seeking funding from The LAO.
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link
The Chainlink Labs Channel Partner strategy is intended to outline a joint approach between Chainlink Labs and select accelerators, launchpads, incubators, devshops, and software tools to promote the user adoption and growth of the web3 ecosystem. Chainlink Labs and the channel partners will collaborate to accelerate and nurture the web3 ecosystem in key areas including gameFi, NFTs, developers, and startups.
Chainlink Labs is the leading provider of secure and reliable open-source blockchain oracle solutions, enhancing smart contracts by connecting them to a wide range of off-chain data sources and computations, such as asset prices, web APIs, IoT devices, payment systems, and more. We are dedicated to the development and integration of Chainlink as the standard decentralized oracle framework used by smart contracts across any blockchain.
