Sequoia changed to "DAO"? Go beyond encrypted fields or bend DAOs!

Nag hmo, Sequoia Capital's official Twitter account @ sequoia's profile yog

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Main tap. From ideas to symbolic drops, we help you bravely create the legendary DAO.

From concept to landing, we help adventurers create stunning CAD.

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Sequoia Capital was founded in 1972 in Silicon Valley, United States. As one of the largest venture capital firms in the world, Sequoia Capital is the leading venture capital firm of Apple (Apple), Google (Google), Cisco (Cisco), Oracle (Oracle), Yahoo !, LinkedIn and YouTube. and other new ventures.

It is estimated that over 20% of the value of the Nasdaq comes from venture capital firms invested by Sequoia Capital.

Sequoia Capital China Fund has invested in over 300 companies in China since 2005. Chinese investors include Alibaba, Sina, ByteDance, JD.com, Meituan Dianping, Are You Hungry, Mobike. Didi Chuxing, iQiyi, NIO, 360, Vipshop, Pinduoduo and other famous companies.

The venture capital empire, Sequoia Capital, has taken on the legend.

"Bet" of cryptographic circuits

Last year, more than a quarter of Sequoia Capital's new investments in the United States and Europe were in areas related to blockchain or cryptocurrency, according to the Chinese fund Sequoia Capital, which has invested in. Huobi seven years ago, followed by Bitmain, Conflux and Coquille. Or cryptocurrency projects such as Bao Financial and Information Technology.

At the end of November of this year, Sequoia Capital acquired B2 funding from blockchain security firm CertiK of $ 80 million, which added blockchain security tracking and valued at around $ 1 billion.

In less than 10 days, Sequoia Capital's official Twitter account updated its statement: “From concept to landing, we help adventurers create great DAOs.

Dao?

The decentralized autonomous organization, DAO for short, is sometimes called a decentralized autonomous company or DAC for short.

DAO is a community-based financial management system, sometimes referred to as “smart contract” software, and is essentially a contract governed by law rather than by law.

Its product is the same as the name, just remember the meaning of each word and the following patterns:

DAO = Organization / Decentralized Autonomous Company

DAO = an organization that includes platforms, communities, businesses, and other information, without interference with other factors such as government, openness and consent, and other decisions. .

In practice, you can understand DAO from the text in the image below.

Messari's latest forecast for crypto trends in 2022

In April 2016, the world's first DAO appeared, and it is open source distribution software with a crew of $ 150 million. But two months later, the business was robbed and forced to liquidate.

Through!

Although the first DAO was stolen and millions of dollars were stolen in 2016, in the last year DAO has achieved sufficient success and various DAO organizations have started to grow in scale and benefit from it. '' widespread surveillance.

Many believe DAOs will revert to traditional business models.

Full-time DAO Cooper Turley (Cooper Turley) believes that “DAO is the new responsibility of the company” and that “after 5 years the company will have no capital. They will have tokens and buy DAO representatives. "

And billionaire investor Mark Cuban (Mark Cuban) says he sees value in DAO. “As DAO has always been a commercial enterprise, the future of the company will be very different. If the community manages well, everyone will benefit. "

According to the estimates of these people, the most popular and successful company in the future will probably be DAO.

“I think companies like Facebook below will be created as DAO rather than LLC,” said Cooper Terry, teaming up with Sequoia Capital's modified Twitter profile to create a Legendary DAO company (not a company traditional).

Logo selected by Democratic Election, DAO

Point to point: are you ready for the world of cryptocurrency?

Shen Nanpeng, International Director of Sequoia Capital and Founder and Director of Sequoia Capital China Fund, said: “

So, does the correction reported by Twitter mean that Sequoia Capital's expansion “from point to surface” as DAO in blockchain security and planning everything in cryptocurrency?

However, CertiK has done the necessary planning for the blockchain industry in terms of security.

From now on, CertiK is1,800 consumer productsProvide blockchain security services, rather than digging31 000code vulnerabilities, against more300 billion dollarsSecurity of digital assets.

Blockchain security firm CertiK, which recently completed B2 Financial now led by Sequoia Capital, will continue to escort the global blockchain by continuing to invest in financial operations and operational benefits for innovative products and R&D services. .

"So, are you ready to join the encrypted world, FOR THE MOON?" "