Sequoia Capital, one of many world’s largest enterprise capital corporations is reportedly seeking to transfer into crypto. The primary main trace got here within the type of its Twitter bio change the place it eliminated “firm” from its bio and added “DAO.” The addition of DAO to their bio filed a lot hypothesis and defi proponents even claimed it to be a touch in direction of a attainable transfer to decentralized governance.
DAO or Decentralized Autonomous Group is a system created by builders for decentralized determination making. They don’t seem to be managed by a single establishment like a authorities or central financial institution however as an alternative are divided amongst quite a lot of computer systems, networks, and nodes. Defi protocols typically incorporate DAO to realize a sure degree of privateness and safety.
Standard Chinese language insider Twitter handles Wu Blockchain additionally reported that the top of Sequoia China has just lately stated, “all in crypto” on the social media platform WeChat. It’s not but confirmed whether or not the top of the corporate made these feedback on a private foundation or from an organization’s viewpoint.
Sequoia Capital, one of many world’s largest enterprise capital, changed the “firm” within the Twitter profile with DAO. Shen Nanpeng, head of Sequoia China, stated within the WeChat group: all in crypto. pic.twitter.com/1vHV8Yhr5i
— Wu Blockchain (@WuBlockchain) December 8, 2021
The rising curiosity of mainstream corporations in crypto is nothing new, however the truth that a prime enterprise capital agency of Sequoia’s stature is hinting at a attainable transfer to decentralized governance could be a chunk of huge information if true.
Many had been baffled by the change on the web and lots of others known as it simply one other Twitter gimmick. One consumer wrote Sequoia China is kind of completely different from Sequoia
Crypto Adoption Attain Mainstream
2021 has confirmed to be a yr of crypto adoption within the mainstream, aside from VC corporations investing closely within the crypto startups, many mainstream establishments have additionally built-in crypto of their system. The crypto adoption isn’t just restricted to establishments and retail, it has additionally reached governments and nations.
El Salvador grew to become the primary nation to make Bitcoin (BTC) a authorized tender whereas Miami metropolis has developed its personal coin known as Miami coin on prime of the Bitcoin community.
Disclaimer
The introduced content material could embody the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability on your private monetary loss.
About Writer
