"UNA"

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DAOs are vital tools for keeping blockchain networks open, and Wyoming has passed a new bill to incorporate them into the legal entity framework and provide protections. DUNA is a new type of entity structure that can be seen as a Web3 version of a town council, addressing the legal challenges faced by DAOs, allowing them to enter into contracts with third parties, pay taxes, and have limited liability. DUNA also permits DAOs to engage in for-profit activities, provides reasonable compensation to members, and reduces the ability to extract value. A16Z CRYPTO plans to promote its application in Web3 by developing decentralized governance proposals and helping portfolio companies adopt the DUNA structure.