funded

Beyond Create Teaming Agreements

$56,000.00 Received
$64,000.00 Requested
Ideascale logo View on ideascale
Community Review Results (1 reviewers)
Addresses Challenge
Feasibility
Auditability
Solution

Continue the work begun in 'Create Teaming Agreement-Fund 7" to help funded proposers understand regulatory compliance and good practice.

Problem:

It is hard & can be costly for funded Catalyst proposals to select a jurisdiction and type of juristic entity. But success demands they do.

Yes Votes:
₳ 81,889,386
No Votes:
₳ 20,255,711
Votes Cast:
518

This proposal was approved and funded by the Cardano Community via Project F8: Developer Ecosystem Catalyst funding round.

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[IMPACT]

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Being a developer is not only about code. Any dev planning to create a project with commercial prospects must also consider those issues. Choice of programming language which determines what you can do and how you can do it. Choice of jurisdiction introduces similar constraints.

This proposal is to provide a community funded public service for 6 months. Doing two things. Both designed and intended to make it easier for devs to focus on what they do best.

  1. A continuation of the Fund 7 work that created teaming agreement templates.

Providing best practices while outfitting participants with tools that help safeguard proposers best interests.

Note: Final templates created in F7 will be submitted in about two weeks. Drafts which are useable are attached here - free for use. As an indication of the quality of our work and value of this work to the community. They include

Project Charter (Not a legal document, but a helpful reference)

Teaming Agreement (Describes how the team expects to function)

Deed of Accession (Binding those who join the team in progress to the Teaming Agreement)

General Contract for Services (Useful when engaging sub-consultants)

Pre-filled example of developer services contract

Fund 8 Continuing Work (2 examples):

  • Address project management and financial management issues fundamental to success. It is important to avoid, manage and mitigate risks associated with any undertaking with commercial elements.

Distribution of funds

  • ADA are being paid by Catalyst to one sole payee address: there's no guarantee the funds will be managed and distributed with integrity by the payee. This can be partially solved with a multisig arrangement involving a 'responsible and accountable management team'. That multisig functionality would be operating directly at an ADA wallet level regardless of the status of legal incorporation of the team itself.

KYC

  • If there is more than one proposer, each should know who the other is.

  • A simple KYC procedure among all team members gives some way of assuring the nature of the proposal team members.

  • Without a multisig wallet to receive Catalyst funds, one person receives all funds. What would happen if the 'responsible and accountable' person abandons the project and/or vanishes. Taking the funds. Or simply doesn't respect agreements vis-à-vis internal team members and external counterparts. Creating a conflict then 'ghosting'. There would be no recourse for the affected parties if they do not really know the identity of their team members. They would not even know whom to go after to demand redress.

There aren't fool-proof solutions but good practice enables some protection.

Whether the adoption of such standards should be a pre-requisite for funding, is a political and governance decision that may be too complex or controversial to come up to at the moment.

2. Continuous updating news and status of regulatory and fiscal issues that can impact project teams

The proposal team will engage a consulting researcher (part time) to find current relevant news from reliable sources. The Co-Proposers will then curate that information to assure the information is relevant and useful for the proposers.

Additionally, the team will attempt to answer general questions posed by the community

An example is incorporation issues and DAO's. A subject that is thrown around without much if any discussion of the legal issues involved.

Incorporation issues and DAOs

There is a need for regulatory and fiscal clarity. Cardano Catalyst community is truly international. Less than 15% based in the US, but may be subject to US regulation (often the leader in regulation). Furthermore, wherever teams operate, either as unincorporated, or incorporated there are many options to do so.

When incorporating, a prime selection factor is overhead and administration cost, and time consuming hassle.

In addition, incorporating implies legal and governance duties that classically consume resources from business and technical development. Eventually serial developers and quick prototyping producers are constrained by limited cost and time bandwidth.

One choice is pivoting toward a still loosely regulated DAO model. Another is selecting a jurisdiction of choice for incorporation. Here is an interesting overview of what has been called the most lightweight legal framework for DAOs, the **Unincorporated Nonprofit Association (UNA).

[ https://a16z.com/wp-content/uploads/2021/10/DAO-Legal-Framework-Jennings-Kerr10.19.21-Final.pdf ]

"DAOs share characteristics with partnerships, corporations, trusts and cooperatives*, but the operational and organizational functionality derived from the technology itself presents issues in being classified within those existing entity structures." (…)

*DAOs are analogous to partnerships, and yet not partnerships; analogous to corporations; and yet not corporations; analogous to mutual agencies; and yet not mutual agencies." (…)

"As such, clarifying the options available to DAOs to attain existence as an entity in the United States would be a significant benefit to the development of decentralized ecosystems by eliminating ambiguity and making the technology more accessible to the public at large. In addition, it would foster further development of this emerging technology within the United States and facilitate the payment of U.S. taxes, for which DAOs may already be obligated." (…)

But clearly, merely mentioning 'DAO' isn't necessarily a panacea to solve all issues unless one is operating out of, say, Wyoming where DAO LLC's may become legal entities.

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All are welcome to visit our Discord server to discuss your ideas and questions.

https://discord.gg/XVpATqDY

The health of the Developer ecosystem is not simply a "tech" / tool issue. Many proposals if not most (in all challenges), are intended to be self sustaining commercial ventures.

By providing guidance and ideas about best practices, developers can spend less time and effort on solving "teaming problems" and have more time and healthier mindset to devote to development.

Any tools, information or advice that helps avoid, manage or mitigate problems addresses the features of this 'Developer Ecosystem' challenge. Specifically

*Knowledge base & Documentation*

*Samples, recipes and templates*

*Support structures*

KYC and multisig control of funds are tools.

Information about emerging regulation and practices address a key issue of 'Developer Ecosystem' challenge, by providing a safer project management structure:

  • legal and financial certainty protective of each team members interests
  • sound business and management principles internally and toward external parties
  • safeguard mechanisms for legal and financial management deterring bad actors.

Adopting accountability, and best practices, are likely to attract even more quality professionals to existing ecosystem. In other words, it's becoming more legit, more professional, more mainstream for adoption.

-----------------------------

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Every proposal includes similar predictable risks, and plans or mechanisms to manage those risks.

Technology: Multisig technology is available for Daedalus CLI wallet. We understand there is a road map intention to make multisig features available in other wallets in coming months. If multisig capabilities are only available on Daedalus CLI wallet, that may limit usefulness of that aspect of this proposal. However since many of the proposers are devs, they should be able to use CLI wallets.

Human Resources: Recruiting for a talented researcher will be first aimed at Cardano community resources and then Universities such as London School of Economics, Oxford University where we have connections. Should we have problems recruiting a suitably talented researcher within the time expected the three co-proposers will fill that function.

Funding: It is possible that the funding we requested would not cover unexpected issues. In that case the proposal team has sufficient resources to cover that risk.

Time and Cost Overrun: Always an element of project implementation planning. Whilst we are eager to launch as soon as possible, it is possible that the website we want will exceed the amounts budgeted. In that case there are two mitigating approaches. Scale back on features. Fund overruns from personal accounts,

User Acquisition: In terms of introducing this resource to the community, the weekly town halls and swarm sessions provide adequate access. If community response is not as great as expected or desired, we can use video interviews and outreach

Teaming Issues: Teams are always weak points in new business ventures. Fortunately all three members of our team are well acquainted. Giving us a sense of each other. This is not the first project on which we collaborated. Nevertheless we will have a teaming agreement in place before the funding decision is final.

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[FEASIBILITY]

--------------------------------

This proposal requests funding for 6 months.

Phase 1 (Estimated Time for Completion (ETC) 6 weeks after funding/onboarding

a. Design and Build Website Infrastructure: the location where all information is made available to the community

b. Recruit (find, interview and engage) a part time researcher

Phase 2 (ETC 24 weeks after funding/onboarding

a. Create additional tools (KYC, Multisig solutions, etc)

b. Continuously research relevant, trustworthy information regarding regulation

c. Curate the raw information for clarity and usefulness

d. Post information and maintain website

e. Research publicly available information in response to community questions.

Phase 3 (ETC week 28 - Project Close out reporting)

NOTE: The Proposal team will not be providing legal advice, nor dispute resolution services, as part of these community funded services. Requests for legal advice shall be handled as separate commercial transactions.

—————————

--------------------------------

This proposal requests funding for 6 months.

Phase 1 (Estimated Time for Completion (ETC) 6 weeks after funding/onboarding - $16,000 (includes $10,000 for Website design, production and testing)

a. Design and Build Website Infrastructure: the location where all information is made available to the community

b. Recruit (find, interview and engage) a part time researcher

Phase 2 (ETC 24 weeks after funding/onboarding $8,000 per month for 6 months (rsearcher+resident attorney+curator+project manager)

Includes research, curating, webmaster services, data base maintenance, other admin functions, monthly Catalyst reporting and close out reporting.)

a. Create additional tools (KYC, Multisig solutions, etc)

b. Continuously research relevant, trustworthy information regarding regulation

c. Curate the raw information for clarity and usefulness

d. Post information and maintain website

e. Research publicly available information in response to community questions.

NOTE: The Proposal team will not be providing legal advice, nor dispute resolution services, as part of these community funded services. Requests for legal advice shall be handled as separate commercial transactions.

—————————

----------------------------

Leonard Delunas - 30+ Year career as small and large business owner. Providing professional project and corporate management services in emerging markets. Including 12 years in conflict market (Afghanistan) creating $1.4 billion in sales automotive and technical equipment and mission critical services. Representing Ford, Mercedes Benz, TATA, JCB, SDMO (Diesel-Electric Generators) and other international brands. Associated with development strategies for small island nations since 1974. Most recently, an angel investor in a start-up in SEAsia. (nitrolabs.co.th). He earned a MSc Digital Currencies and Blockchain, University of Nicosia. Collaborating with Christophe since meeting at the Decentralised 2017 conference.

<https://www.linkedin.com/in/leonard-delunas-60183660/?ppe=1>

Christophe Bosquillon - a blockchain and crypto MSc colleague of Leonard Delunas, sharing with Len decades of experience living and operating in the Indo-Pacific region. Chris excels at business process transformation, connectivity and digital inclusion.

Chris acquired a diverse and collaborative leadership experience in deal negotiation, management, FDI, private equity, primarily in extraction industries, and internationally. Based 80% in Asia as CEO, corporate director, government agency contractor, entrepreneur, Chris developed business, legal, tech, and governance architecture experience, that also included how logistics hard assets combined with digital transformation, disrupt rent-seeking models. Resided in the Japan-Korea-Taiwan-China area, extensively travelled in the West and South Pacific and Indian Oceans. Witnessed on the ground decades of socio-economic transformation.

Chris focuses on business, legal, and tech problematics that start to occur when digital transformation disrupts value chains, value capture, and governance models. With a couple of MSc, an MBA degrees, and experience in government relations and the legislative and fiscal process of adapting sovereign and responsible states' FDI frameworks to disruptive technologies, Chris currently strengthens credentials in law and regulatory frameworks from digital transformation issues to new space economic development. That includes the redesign of value chains and fair governance, leveraging data-AI-DLT integration and legal engineering for more autonomy in decision making.

<https://www.linkedin.com/in/christophe-bosquillon-aka-cryptos-odysseus-978259150/?originalSubdomain=ch>

Kevin Koo, already a successful business attorney in Malaysia - in 2019, looking forward to the wave of change coming from crypto currencies and blockchain - founded Lex Futurus Decentralized Legal Advisory Group. Having blockchain specialist members in Nigeria, UK, Malaysia, USA, Russia, Singapore and Malta.

Kevin did the research and legal evaluation of the Teaming Agreement Templates created under Fund 7 proposal.

Kevin is an Advocate and Solicitor in the High Court of Malaya, Malaysia. He is a Registered Patents Agent, Trademarks Agent, and Industrial Designs Agent.

https://www.linkedin.com/in/kevinkoo/?originalSubdomain=my

[AUDITABILITY]

--------------------------------

Monitoring and Evaluation will be done by monthly progress reports and Challenge Team reviews of the website. If it seems helpful, the reports can quantify numbers of articles posted, and metrics such as social media subscribers and likes.

Phase 1 (Estimated Time for Completion (ETC) 6 weeks after funding/onboarding

a. Design and Build Website Infrastructure: the location where all information is made available to the community

b. Recruit (find, interview and engage) a part time researcher

Phase 2 (ETC 24 weeks after funding/onboarding

a. Create additional tools (KYC, Multisig solutions, etc)

b. Continuously research relevant, trustworthy information regarding regulation

c. Curate the raw information for clarity and usefulness

d. Post information and maintain website

e. Research publicly available information in response to community questions.

Phase 3 (ETC week 28 - Project Close out reporting)

--------------------------------

Success will be measured by two factors

  1. community usage, visits to the site, likes & subscribers (a social media model). More, being better. And comments (Positive or constructive criticism and advice being better).
  2. the number of questions that can be answered.

Month by month surveys and user feedback will be essential barometers of success over the 6 month period.

--------------------------------

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This project is a continuation of a Fund 7 Project : Create Teaming Agreement Templates, completed in March 2022. (See attached deliverables).

One team member has collaborated as a team member on seven proposals. Two unfunded Fund 5, two funded (F7), three submitted in Fund 8 (to be decided).

Unfunded Proposals:

Fund 6: Growthwheel Business Planning Tool- <https://cardano.ideascale.com/c/idea/369491> No Relation to this proposal

Fund 6: FundTrack - Approve Before Spend - <https://cardano.ideascale.com/c/idea/369893> No Relation to this proposal

Funded:

Fund 7: Miscellaneous Challenge> Create Teaming Agreement Templates - 3 person team. Project complete this month (March 2022) <https://cardano.ideascale.com/c/idea/384463> Direct Prequel to this proposal

Fund 7: Nation Building Challenge>Universal Tourism Payment System - 4 Team members. Project duration 6 months - <https://cardano.ideascale.com/c/idea/381841> No Relation to this proposal

In Process:

Fund 8: The Great Migration Challenge> Bring Bored Ape* to Cardano - 3 person team https://cardano.ideascale.com/c/idea/398579 No Relation to This proposal

Fund 8: Onboarding New Members Challenge> Learn 2 Earn CA Can Be a good Job! - 5 person team. <https://cardano.ideascale.com/c/idea/398356/> This proposal

Fund 8: Beyond Teaming Agreements - 3 person team. This proposal.

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Community Reviews (1)

Comments

Monthly Reports

Current Fund8 project ‘Beyond Create Teaming Agreement’ " is a continuation of duly completed F7 project "Create Teaming Agreement Templates’, taking it to the next level. As such we are starting with previous F7 project outcomes as foundation, yet getting this F8 project on track from a clean slate. We may recruit new team members, and firm up our road map accordingly. The chart included in the doc uploaded above, is non-committal, however it does provide an honest indication of where we currently consider heading, with various potential services offering, and corresponding support platforms, all likely to evolve.

Disbursed to Date
$56,000
Status
Still in progress
Completion Target
11/30/2022
Attachment(s)
Comments 0

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Current Fund8 project ‘Beyond Create Teaming Agreement’ " is a continuation of duly completed F7 project "Create Teaming Agreement Templates’, taking it to the next level. As such we are starting with previous F7 project outcomes as foundation, yet getting this F8 project on track from a clean slate. We may recruit new team members, and firm up our road map accordingly. The chart included in the doc uploaded above, is non-committal, however it does provide an honest indication of where we currently consider heading, with various potential services offering, and corresponding support platforms, all likely to evolve.

Key actions and new developments include: researching, identifying, qualifying reliable sources of information for inclusion in the proposal facing medium (website, etc.)-

We have reached out to sources at University of Warwick Research for our human pool: [ https://www.unitemps.com/branches/university-of-warwick/ ]

We are experimenting with multi-sig wallets for proposal teams [ https://roundtable.theadao.io ]

We are collecting resources for DAO's (essential topic)

We’re still in planning stage for medium (website, etc.).

Disbursed to Date
$56,000
Status
Still in progress
Completion Target
3/11/2022
Attachment(s)
Comments 0

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JUST RE-SUBMITTING REPORT WITH CORRECT COMPLETION DATE: 30.11.2022

Current Fund8 project ‘Beyond Create Teaming Agreement’ " is a continuation of duly completed F7 project "Create Teaming Agreement Templates’, taking it to the next level. As such we are starting with previous F7 project outcomes as foundation, yet getting this F8 project on track from a clean slate. We may recruit new team members, and firm up our road map accordingly. The chart included in the doc uploaded above, is non-committal, however it does provide an honest indication of where we currently consider heading, with various potential services offering, and corresponding support platforms, all likely to evolve.

Key actions and new developments include: researching, identifying, qualifying reliable sources of information for inclusion in the proposal facing medium (website, etc.)-

We have reached out to sources at University of Warwick Research for our human pool: [ https://www.unitemps.com/branches/university-of-warwick/ ]

We are experimenting with multi-sig wallets for proposal teams [ https://roundtable.theadao.io ]

We are collecting resources for DAO's (essential topic)

We’re still in planning stage for medium (website, etc.).

Disbursed to Date
$56,000
Status
Still in progress
Completion Target
11/30/2022
Attachment(s)
Comments 0

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While much has happened in the past month, that connects to derelict behavior on DeFi markets (fuzzy stable coin engineering, insufficient collateral in loans and margin calls mechanisms, quasi-Ponzi scheme and other stupidly improbable interest/return rates offered by a bunch of quasi-fraudulent crypto entrepreneurs toward crowds of inexperienced and financially gullible users, what is the point of reproducing the sins of mainstream finance?) and calls for more responsible behavior in that space, we may stick to more robust trends:

-1- Charles Hoskinson’s testimony requesting more regulatory clarity from the likes of the Sec and CFTC, that elaborates on some fundamental of legal engineering, such as built-in compliance aka compliance by design, and emphasizing e.g. that “cryptocurrencies have the ability to carry out much of this regulatory work automatically, suggesting a “self-certification system” that automatically monitors compliance”.

-2- The main issue that still affects not only our Cardano Catalyst community but is in fact relevant to the issue of fiduciary duties of DAOs at large- which is simply that an amount of “value” (crypto-currency) received by an individual’s wallet upon reckoning with a winning decentralized vote for a “proposal” to the DAO, remains a grey zone about how it should be fiscally handled. Which entity pays which other entity or “whom”. If a wallet is linked to an individual and not a legal entity, that individual remains 100% fiscally liable to any amount received: amounts distributed to proposal/project team members may not be deduced nor considered as deductible expenses, etc. This remains the DAO space main legal pain point.

-3- This confirmation of existing developments in our space didn’t go unnoticed: “Decentralized Identifiers (DIDs) v1.0 becomes a W3C Recommendation”: a new tool to empower everyone on the web with privacy-respecting online identity and consent-based data sharing [ https://www.w3.org/2022/07/pressrelease-did-rec.html.en ]. On 19 July 2022, the World Wide Web Consortium (W3C) has announced that Decentralized Identifiers (DIDs) v1.0 is now an official Web standard. This new type of verifiable identifier, which does not require a centralized registry, will enable both individuals and organizations to take greater control of their online information and relationships while also providing greater security and privacy. That resonates positively with Cardano’s ecosystem of standards interoperability, that will consolidate the development of a properly regulated portable economic identity that evolve beyond Bitcoin’s engineering shortcomings, including on decentralized identifiers.

Disbursed to Date
$56,000
Status
Still in progress
Completion Target
3. In the next 6 months
Attachment(s)
Comments 0

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Project research continues to cover both fundamental legal and regulatory issues, together with issues dictated by the current realities of the market, whereas recent unfortunate market events are quite likely to derail similar projects in their funding, execution, and regulation. From events surrounding Celsius, Voyager, Nomad Bridge, Solana (wallet drainage), to considering that any fancy development on top of layer 1 infrastructure is going to generate concern from responsible investors and regulators, that may require even more scrutiny. From crypto regulations as they’re in the process of being set by some countries, to specific regional implementations e.g. Latin America. From crypto assets clearing, credit, and custody, to potentially disruptive processes such as on-chain dispute resolution. Etc. Fundamental issues include and are not limited to multi-signature wallets for project funds management, payment procedures between project entities and members, and taxation.

Disbursed to Date
$56,000
Status
Still in progress
Completion Target
3. In the next 6 months
Attachment(s)
Comments 0

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  • Having created the envisioned website that we called “Crypto+Legal Info”, and started filling it with content, the project team continued researching, identifying, qualifying reliable sources of information for inclusion in the proposal facing medium (website, etc.)

  • We have reached out to sources at University of Warwick Research for our human pool: [ https://www.unitemps.com/branches/university-of-warwick/ ] While the project team remained active during the Summer, the timing wasn’t favourable to recruit a student as research intern. As we transition to Fall, we will resume recruitment of an intern to help further develop the website.

  • Project research continues to cover both fundamental legal and regulatory issues, together with issues dictated by the current realities of the market. The most salient research issue in the past weeks emerged with regulatory signals that took place at the time of the successfully completed Ethereum Merge with its transition from PoW to PoS.

  • That most salient research issue remains the potential qualification of PoS blockchain-based cryptoassets as falling under U.S. securities law, as well as tools and functionalities built on top of these. Earlier this year, similar echoes had come out of South Korea after President Yoon Suk-yeol mentioned that tokens classified as securities will fall under the existing capital markets act, while a new law will be designed for non-securities tokens.

  • We keep monitoring regulatory uncertainty for PoS ecosystems. For up-to-date legal information, we may want to distinguish between those functionalities involving ‘yield’ (most of fintech/DeFi) and the rest.he recurrent discussion, led by the U.S. S.E.C., that PoS-based ‘cryptoassets’ or ‘cryptocurrencies’ might be considered as securities, together with some or all of whatever is built on top of that layer. That may be understood when ‘yield’ is involved (DeFi), however would have some consequences for the management of e.g. simple DAOs.

Disbursed to Date
$56,000
Status
Still in progress
Completion Target
2. In the next 3 months
Attachment(s)
Comments 0

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The team decided to extend the project duration to improve features in the final website.

The team has also been experimenting with new ideas for features and tools:

  • servers for community – alternatives to Discord
  • relevant podcasts (e. g. ‘Unrugging NFT communities’)
  • job board (we’re still short of hands)
  • using AI to write feature articles
  • dictionary as living inventory of terms in the crypto space and Cardano ecosystem

The team will reassess development progress by the end of this year. Even after completion, the team is likely to continue to enrich the website and related features and services.

Continuing areas of research and development remain as follows:

  • Having created the envisioned website that we called “Crypto+Legal Info”, and started filling it with content, the project team continued researching, identifying, qualifying reliable sources of information for inclusion in the proposal facing medium (website, etc.)

  • We have reached out to sources at University of Warwick Research for our human pool: [ https://www.unitemps.com/branches/university-of-warwick/ ] While the project team remained active during the Summer, the timing wasn’t favourable to recruit a student as research intern. As we transition to Fall, we will resume recruitment of an intern to help further develop the website.

  • Project research continues to cover both fundamental legal and regulatory issues, together with issues dictated by the current realities of the market. The most salient research issue in the past weeks emerged with regulatory signals that took place at the time of the successfully completed Ethereum Merge with its transition from PoW to PoS.

  • That most salient research issue remains the potential qualification of PoS blockchain-based cryptoassets as falling under U.S. securities law, as well as tools and functionalities built on top of these. Earlier this year, similar echoes had come out of South Korea after President Yoon Suk-yeol mentioned that tokens classified as securities will fall under the existing capital markets act, while a new law will be designed for non-securities tokens.

  • We keep monitoring regulatory uncertainty for PoS ecosystems. For up-to-date legal information, we may want to distinguish between those functionalities involving ‘yield’ (most of fintech/DeFi) and the rest.he recurrent discussion, led by the U.S. S.E.C., that PoS-based ‘cryptoassets’ or ‘cryptocurrencies’ might be considered as securities, together with some or all of whatever is built on top of that layer. That may be understood when ‘yield’ is involved (DeFi), however would have some consequences for the management of e.g. simple DAOs.

Disbursed to Date
$56,000
Status
Still in progress
Completion Target
3. In the next 6 months
Attachment(s)
Comments 0

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Continuing areas of research and development remain as follows:

  • Having created the envisioned website that we called “Crypto+Legal Info”, and started filling it with content, the project team continued researching, identifying, qualifying reliable sources of information for inclusion in the proposal facing medium (website, etc.)

  • Project research continues to cover both fundamental legal and regulatory issues, together with issues dictated by the current realities of the market.

The project team continues to improve features in the final website and is experimenting with new ideas for features and tools:

  • servers for community – alternatives to Discord
  • relevant podcasts (e. g. ‘Unrugging NFT communities’)
  • job board (we’re still short of hands)
  • using of generative AI to write feature articles
  • dictionary as living inventory of terms in the crypto space and Cardano ecosystem The team aims at project completion in First Half 2023. Even after completion, the team is likely to continue to enrich the website and related features and services.

Due to current event affecting the crypto ecosystem at large, and the team’s own experience with other projects, the project team came to the realisation that it would be desirable to make risk management front and center in our service vis-à-vis third parties.

We see our risk management driven process focusing on 3 levels of concern:

1- Ecosystem ethical issues that have potential to severely harm society at large 2- Macro-economic and other systemic contagion issues 3- Counterparty risk and issues of operational dependency over 3rd parties

Our professional ethics should be about helping our community of users to stay out of harm’s way as much as possible, including awareness of issues linked to counterparty risk.

The team is also looking at potential new specific development regarding generative AI. In the process of evaluating the use of generative AI, we already looked at written content.

However, our intention is to proceed one step further in the utilization of regenerative AI to build legal scenarios and assess certain legal processes: we’re closely monitoring a use case that deals with breach of fiduciary duty such as duty of care. This use case is being developed among a legal tech community we work closely with, in the context of chatGPT experiments, a work-in-progress just conducted in recent days (OpenAI – MIT – Stanford).

Disbursed to Date
$56,000
Status
Still in progress
Completion Target
3. In the next 6 months
Attachment(s)
Comments 0

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close

Playlist

  • EP2: epoch_length

    Authored by: Darlington Kofa

    3m 24s
    Darlington Kofa
  • EP1: 'd' parameter

    Authored by: Darlington Kofa

    4m 3s
    Darlington Kofa
  • EP3: key_deposit

    Authored by: Darlington Kofa

    3m 48s
    Darlington Kofa
  • EP4: epoch_no

    Authored by: Darlington Kofa

    2m 16s
    Darlington Kofa
  • EP5: max_block_size

    Authored by: Darlington Kofa

    3m 14s
    Darlington Kofa
  • EP6: pool_deposit

    Authored by: Darlington Kofa

    3m 19s
    Darlington Kofa
  • EP7: max_tx_size

    Authored by: Darlington Kofa

    4m 59s
    Darlington Kofa
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